Gold

The precious metal is making a modest pullback following Monday's declines. After briefly slipping past the 1900 level, gold is back near the 1900 region. We could expect to see some consolidation taking place near this level. If…
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The precious metal is down over 2% intraday after weeks of consolidation. Following the previous rise to the 1967 level of resistance, gold price drifted lower. However, as the momentum is building up, the precious metal broke past…
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The precious metal continues to trade sideways with the weekly session closing almost flat for the second week. However, prices are trading ever closer to the trend line on the weekly chart. The failure to move higher could signal a…
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Muted QE Weighs in on the Greenback A tough day on wall street ensued as another slide in the technology sector helped pull indices lower. The ripple effects of the recent FOMC meeting were still filtering through as no further signs of…
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Gold The yellow metal has seen another rather subdued week of trading, with prices maintaining a quiet sideways range. The main focus this week was on the FOMC on Wednesday. The Fed delivered a message of caution and concern, citing a…
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The precious metal is on track to close in the red on Thursday. However, the pace of declines is limited following the initial reaction. Gold prices closed with modest gains on Wednesday, only to reverse those gains on Thursday. The…
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The precious metal is trading weaker, as the technical resistance level near 1967 held on. The Fed meeting also set off the declines with gold likely to head lower in the near term. Price action could be on track to retest the 1911.50…
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FOMC Takes Centre Stage Manufacturing production in the US expanded less than forecast as the US index steadied itself above 93. Meanwhile, the US dollar will hinge on guidance from Fed chair Jerome Powell at today’s FOMC meeting. We…
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The recent gains in the precious metal hit a snag after price failed to breakout above the 1967 resistance. The strong confluence of both the trend line and the horizontal support level has reversed direction. Price action is likely…
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The precious metal is trading stronger on Monday, with gains driven by a weaker USD and the Fed meeting. Price action is a few points away from the 1967 level which held up as resistance earlier on. A breakout above this level could…
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