Bears waiting to target $1,700.
Gold Down, Investors Await Further Inflation Data
Gold and silver turned sharply higher after the weekend‘s drone attacks on Saudi oil fields saw tensions in the area ratchet higher with US President Donald Trump warning Iran that he is ’locked and loaded.
Gold and crude oil prices may be pressured if the ECB underwhelms investors dovish hopes while higher US core inflation cools Fed rate cut expectations.
Gold prices have pulled back to a Fibonacci support level and continue to catch bids above the 1500 marker as traders await ECB and FOMC rate decisions.
Gold and crude oil prices may be pressured if upbeat US employment figures cool Fed interest rate cut prospects, souring sentiment across markets pining for stimulus.
Gold prices are pulling back after a bit of softening in the US-China trade war. But can that pullback turn into anything more, or will this be just another revisit to support?
The gold price has filled a gap on the daily chart and is now heading higher again, suggesting a continuation of the present uptrend.
Gold prices may form a top if bearish technical cues find follow-through as all eyes turn to a speech by Fed Chair Powell at the Jackson Hole symposium.
Gold prices may continue inching upward but technical cues pointing to ebbing momentum are warning of a possible pullback before the broader rise resumes.
Gold remains tilted to the upside and is likely to set a new six-and-a-half high soon as global fundamental woes boost the precious metals allure.
Gold prices may turn lower as US inflation data prints near the Feds target, cooling increasingly dramatic speculation about an incoming interest rate cut cycle.
Gold prices continued to surge as markets bet that trade war escalation will sink global economic growth and push central banks to drive down interest rates.
Gold prices have been aggressively bid after last week's tariff announcement, finally finding a bit of resistance at fresh six-year-highs.
Gold prices may fall – making good on technical clues pointing to topping – as the Federal Reserve shies away from endorsing the markets ultra-dovish policy outlook.
Gold prices fell with stocks and crude oil prices as the ECB dithered on imminent stimulus expansion. More of the same may come after soft US GDP data.
Gold and crude oil prices may fall as the IMF sounds the alarm on slowing global growth, driving haven demand for the US Dollar.
Gold prices exploded last week with a gust of USD-weakness pricing-in, but GLD price action has since pulled back to find support at prior resistance.
Gold prices area struggling to break from a choppy range despite market turmoil as the US Dollar remains broadly resilient, capping scope for anti-fiat asset gains.
Gold prices edged past two-month support before much-anticipated Congressional testimony from Fed Chair Powell and the release of June FOMC meeting minutes.