![Gold Price Intraday Technical Forecast By Neal Bhai [08-06-2022]](https://www.goldsilverreports.com/wp-content/uploads/2018/12/gold-silver-shop-neal-bhai-reports.jpg)
Gold futures settled sharply lower last week, pressured by a stronger U.S. Dollar, which dampened demand for the dollar-denominated asset. A weaker Euro also indirectly drove gold prices lower. The headlines blamed stronger-than-expected U.S. manufacturing data for underpinning the dollar, but that doesn’t make sense to me since U.S. Treasury yields dropped all week until Friday’s steep rally.
gold futures news
Gold Price Heads for Third Weekly Decline as Powell’s Speech Assessed
Gold price headed for a third weekly drop as investors weighed the impact of the Federal Reserve’s new approach to setting U.S. monetary policy, with a more relaxed stance on inflation.
Spot Gold Melt Like ICE – $1960 To $1911.24 – Neal Bhai
Spot gold eased on Friday as the dollar edged higher, denting bullion’s appeal and setting it on track for a second weekly decline, while lingering concerns over the path to recovery from the coronavirus limited losses.
Gold Tips Today – Morning Call Rocking $1942 To $1988 – Boom Boom
Gold Tips Today – Bullion markets continue to march higher as we have seen the metal recovered quite nicely from the $1900 region. With that in mind I think that we continue to see a lot of buying on dips, as a lot of traders will have gotten shaken out but then have come to realize the fact that the market has not crushed the trend, only slowed it down.
Spot Gold Set for Worst Week Since March, Pressured by High Yields – GSR
Spot gold dipped 0.3% to $1,946.56 per ounce by 10:53 am EDT (1453 GMT) and U.S. gold futures fell 0.8% to $1,953.80.
Gold Falls After Positive Jobs Data, London Fix Sparks Selloff
Gold fell from a record as better-than-expected U.S. jobs data signaled the economic rebound is still making headway. Selling was also exacerbated as traders fixed the London gold price lower and the dollar curbed the metal’s haven appeal.
Global Markets: Stocks slip as markets await U.S. stimulus
Stocks slipped on Thursday as investors waited for signs of agreement on a U.S. stimulus package, while the U.S. dollar slumped to a two-year low on fears that the recovery in the world’s biggest economy was lagging others.