Gold Price Forecast: Gold picks up bids to $1,737.30, up 0.33% intraday, ahead of Wednesday’s European session as geopolitical risk catalysts join the US dollar’s pre-Fed dull performance.
gold price chart
Gold Price Trading Range $1713——$1777, FOMC awaited
Gold Price Trading Range $1713——$1777, FOMC awaited. Gold extended its sideways consolidative price action and remained confined in a range around the $1730 region through the Asian session.
GOLD PRICE WEEKLY FUNDAMENTAL FORECAST – BEARISH
Gold price weekly fundamental forecast : Gold silver prices perked up a bit last week to put an end to their recent string of losses. Gold notched a gain of 1.44% while Silver edged 2.74% higher on balance.
Spot Gold Prices Bullish : Above $1690 Under Bullish Zone
Spot Gold Prices Bullish : Above $1690 Under Bullish Zone. Gold failed to sustain at weekly highs around $1739.40 on Thursday, ending the day in the red at $1724. The rebound in the US Treasury yields from multi-day lows capped the recovery rally in the non-yielding gold.
Gold Miner Dividends Trump Copper Counterparts
Gold Miner Dividends Trump Copper Counterparts, Gold bugs will be rewarded with richer dividend prospects than copper-company investors this year, though such perks may be short lived.
Gold Prices Needs to Break $1827 for Next upside Level
Gold Prices Needs to Break $1827 for Next upside Level, US President Joe Biden’s stimulus package heads towards House vote, Gold’s comeback from multi-month lows gathers momentum into the 3rd straight session this Tuesday 23, 2021. Gold is building on Monday’s 1.5% surge, as rising worldwide inflation expectations bode well for the inflation-hedge.
Spot Gold Prices Struggles, Above $1875 Target $1900—$1960
- Gold prices struggled to capitalize on its intraday positive move beyond the $1875 area.
- Neutral technical indicators on the daily chart warrant caution for bullish traders.
- The formation of an ascending triangle supports prospects for additional gains.