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.
silver futures contract
Gold Prices Above $1972 Next Ultimate Target $2020—$2050 – Neal Bhai
Gold Prices Above $1972 Next Ultimate Target $2020—$2050 – Neal Bhai
Gold rates have broken a series of records over the past few weeks amid rising COVID-19 cases around the globe and worsening ties between the world’s two largest economies.
Investors Keep Buying Gold, Real Interest Rates Boost Case for Gold
The U.S. dollar’s reign as the world’s reserve currency is coming under threat, as evinced by the recent surge in gold prices, according to Goldman Sachs Group Inc.
Gold Silver Boom Boom, Told you Market Ready for Big Blast – Gold High 45724 Full Target
Gold Silver Boom Boom, Told you Market Ready for Big Blast – Gold High 45724 Full Target Hit
Should you Buy Gold Now?
Precious metals too have seen massiveintraday movements and virusrelated panic have forced investors to raise cash by selling gold and silver.
Spot Gold Below $1513 Target $1482—$1458 – Neal Bhai
GOLD PRICE REBOUNDS FROM KEY PRICE ZONE AS FED DEPLOYS CREDIT FACILITY – The price of gold may extend the rebound from the monthly low ($1451) as the Federal Reserve establishes a Primary Dealer Credit Facility (PDCF), with the operations to “offer overnight and term funding with maturities up to 90 days.”
Gold Technical Forecast is Clearly Bullish
The gold technical forecast is clearly bullish from a medium-term perspective. Price action in the week ahead could determine if that forecast is at risk and it will be important to watch a couple of key technical barriers.