Gold's recent price action indicates exhaustion at higher levels, creating an ideal setup for contrarian traders. (AI image) Gold price prediction today: Gold prices have been rising, but are also below their record low. Gold rate rise is showing signs of exhaustion. Where are MCX Gold prices headed and what ... Read More
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· Gold price bounces but remains in a familiar range on NFP Friday.· The US Dollar finds demand amid US-China optimism, Trump-Musk feud. · Gold price needs to scale key daily resistance at $3,377 to resume the uptrend. · A weak May US jobs report could revive the Gold price ... Read More
The gold market did try to take off to the upside during the trading session on Thursday, but you can see that we have rolled over again show signs of weakness.That being said, I don’t think it means anything other than we just don’t have a lot of people willing ... Read More
Bearish Daily Behavior At the time of this writing, gold is likely to end the day in a relatively bearish position, negative for the day and in the lower half the day’s trading range. This could indicate that more consolidation may occur before a successful bullish continuation of the trend ... Read More
XAU/USD Current price: $3,348.48Trump announced another round of trade talks with China, sentiment improves.The European Central Bank delivered a hawkish cut, further lifting the mood. XAU/USD sheds over $50 from its early high, yet bulls still hold the grip.Spot Gold eased from its recent high at $3,403.55 and trades near ... Read More
Gold Technical Analysis The gold market has rallied a bit during the early hours on Thursday as we continue to see a lot of upward momentum, but it’s also going to be a bit of a grind. After all, you have to keep in mind that the non-farm payroll announcement ... Read More
Gold prices on Thursday remained on the lower trajectory. Spot gold was steady at $3,373.69 an ounce. U.S. gold futures were down 0.1 per cent to $3,397.20. Average gold price seen rising 35 per cent to record $3,210/oz in 2025. Central banks worldwide are on track to buy 1,000 metric ... Read More
Gold price jumps to near $3,400 on US-China trade uncertainty, a slight increase in Fed dovish bets.Poor US ADP Employment and Services PMI data weighs on US Treasury yields.The probability for the Fed to cut interest rates in July has slightly increased.Gold price (XAU/USD) posts a fresh four-week high, advances ... Read More
US jobs data fell short of expectations, with May's ADP report showing just 37,000 new jobs. The services sector also contracted, adding to concerns about economic weakness. US Treasury yields dropped as markets priced in a possible Fed rate cut by September. Political pressure and growing fiscal deficits add to ... Read More
Nonfarm Payrolls in the US are forecast to increase by 130,000 in May.Gold is likely to react stronger to a disappointing jobs report than an upbeat one.Previous data analysis shows that Gold's price inverse-correlation with NFP surprise weakens slightly by the fourth hour after the release.Historically, how impactful has the ... Read More