Gold Price Technical Analysis: Gold price yielded a daily closing below the critical 50-Daily Moving Average (DMA), now at $1,860.
Spot Gold Forecast: Bullion Looks to extend correction
Spot Gold Forecast: The US markets will be closed due to the Labor Day holiday on Monday and as such market action is likely to remain subdued. In the early trading hours of the Asian session on Tuesday, the Caixin Services PMI data from China will be watched closely by market participants. A reading below 50 could remind investors of the slowdown in the world’s second-biggest economy and hurt gold. On the other hand, an unexpected improvement in the data could help the market mood improve, providing relief for the precious metal.
Spot Gold Forecast: If Gold Daily Close Below $1,925? [23-04-2022]
Spot Gold Forecast Report: March Durable Goods Orders data and the Conference Board’s Consumer Confidence Index for April will be featured in the US economic docket on Tuesday. Ahead of Thursday’s first-quarter Gross Domestic Product report, however, investors are likely to ignore Tuesday’s data.
Gold Forecast Today: Yellow Metal Buy on Dips, Range 47750—48350
Gold Forecast Today, Gold Price Outlook, Gold Trading Tips: Last 2 days Yellow Metal (Gold) gain can be attributed to weakness in the US Dollar. The US dollar came lower after U.S. private payrolls fell for the first time in a year in January as soaring COVID-19 infections disrupted business operations.
Indians Are Selling Their Gold Jewelry to Make Ends Meet
Gold Jewelry: Paul Fernandes, a 50-year-old waiter in India, last year took out a loan using his gold as collateral to pay for his children’s education after losing his job on a cruise liner. This year, he is selling his gold jewelry to meet expenses, after failed attempts at starting a home business and finding another job.
Gold price Holds Decline After Fed Minutes as Dollar, Yields in Focus
Gold price holds decline, tracking movements in the dollar and bond yields, with investors weighing the latest insights into the Federal Reserve’s stance on monetary policy and inflation risks.
Why Gold Prices are Rising Despite Weak Demand at Jewellery Shops
Why Gold Prices are Rising: – Western investors piling into gold in the pandemic are more than making up for a collapse in demand for physical metal from traditional retail buyers in China and India, helping push prices to an eight-year high.