Gold

The precious metal did not react much to the news of the ECB's stimulus expansion. As a result, gold prices remain fairly settled above the 1850 levels for the moment. As long as this support holds, we can expect price action to trade…
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The precious metal is seen retesting the support level of 1850 once again. This comes as prices barely rose close to the 1880 level before giving back the gains. The market sentiment remains mixed leading to the rather flat price action…
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The precious metal is steady after prices rose above the 1850 handle earlier this week. Gold held ground despite the US dollar rising slightly on the day. For the moment, prices are drifting just above the 1850 level. But support needs…
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The precious metal is posting a strong recovery as price action zoomed past the 1850 handle. The gains come after gold prices managed to settle comfortably above the key price level of 1818.80. With the 1850 level giving way to…
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The precious metal settled above the 1817.80 level on Friday, with some modest declines. Price action has been trading above after rising above this level last week. A sideways range is emerging as a result of gold prices trading…
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Dollar Continues to Fall Ahead of NFP The US index fell deeper towards the 90 handle yesterday as it closed 0.42% lower. Whilst economists are expecting a fifth straight monthly increase in jobs, the figures are likely to miss…
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The precious metal is trading somewhat softer after rising above the 1817 price level. This coincides with the expected correction in prices. The Stochastics oscillator is flat at the moment. However, further gains might see gold prices…
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XAUUSD has been trading with a bearish undertone since hitting record highs in August. An attempted resurgence in August saw a freefall to the $1760 area at the back end of November. However, currently, bulls have fought back to lead the…
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Dollar Freefall Continues The US index accelerated its decline yesterday, closing 0.24% lower towards the 90 handle. Currencies that comprise the dollar index such as the euro, Swiss franc, and sterling have reached multi-year highs,…
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