Gold prices on Multi Commodity Exchange (MCX) fell sharply on Friday, tracking losses in the global bullion market, as signs of easing geopolitical tensions in the Middle East with the Israel-Iran ceasefire holding up, and global trade optimism dampened safe-haven demand for the precious metal.MCX gold rate for August futures ... Read More
“The slowdown in geopolitics has offered an opportunity for investors to start taking profit because of the forward-looking prospects of some kind of kinetic war with China and the developments in the Middle East,” said Daniel Pavilonis, senior market strategist at RJO Futures. Global shares rallied following the announcement, with ... Read More
What Happens Next is Key Nonetheless, gold remains above support of a declining trendline and above a prior interim swing low of $3,245, which is part of the price structure of the short-term uptrend. A drop below that level would further confirm bearish price behavior. Gold has been declining for ... Read More
Gold fell to a fresh four-week low below $3,300.The Iran-Israel ceasefire weighed heavily on Gold this week.The technical outlook highlights a buildup of bearish momentum ahead of key US employment data.Gold (XAU/USD) came strong under selling pressure and fell below $3,300 as geopolitical tensions in the Middle East eased. The ... Read More
Gold weakens as risk sentiment improves, US equities rally pushing S&P 500 futures to record highs.Core PCE inflation for May rises along with June Michigan Consumer Sentiment Index while inflation expectations fall.XAU/USD remains on the backfoot with selling pressure increasing below $3,300.Gold (XAU/USD) is on the defensive heading into the ... Read More
Gold Markets Weekly Technical Analysis The gold market has plunged during the course of the week, which is not a huge surprise considering that we’ve seen a ceasefire in the Middle East between Israel and Iran, so therefore it took off some of the risk premium in the market right ... Read More
Gold Technical Analysis The gold market has plunged in early trading on Friday as we continue to see a lot of really noisy trading overall in an environment that is becoming increasingly “risk on.” And that I think is the biggest problem gold has at the moment. You’re just looking ... Read More
<a href="https://news.google.com/rss/articles/CBMivAFBVV95cUxPWGFnWlpKSTRHQ25PSmtHSDFRY3VIZWxtMkQybUNFX2pRenh0M0dzT3RILW1lOHk5ZW40aFZnM2xianNCczJYWFVmTTM4UlR4X1UyOEQxSnk4X3pjdzlrQTEwWUg0TnpwNVNSYjdlS2Z1VXd3YmlLZUZobmY4SWlQN1VBYXloaGpDTThVcmFxRWl1bGpMTWREYnpFTms2TnFSd1Ywc1M0SXo2M2toeTZWU2RUOElGekx3dWhqbQ?oc=5" target="_blank">Gold price trading solid below $3,300 even as annual PCE inflation rises to 2.7% in May</a> <font color="#6f6f6f">KITCO</font> Source link ... Read More
Iran-Israel Ceasefire and U.S.-China Rare Earth Deal Ease Geopolitical Risk The Iran-Israel ceasefire brokered by President Trump earlier this week remains intact, reducing a significant geopolitical premium that previously supported gold. Meanwhile, a White House official confirmed an agreement with China to expedite rare earth shipments, reducing concerns over supply ... Read More
Gold price dives to a fresh monthly low and seems poised to register heavy weekly losses.Fed rate cut bets and a bearish USD do little to lend support to XAU/USD or stall the downfall.Traders look forward to the release of the US PCE Price Index for a fresh directional impetus.Gold ... Read More