TAG: co-gold
Gold Price Forecast: Consolidates Near Record High, Eyes Bullish Breakout
Gold found resistance at a new high of 2,477 for the advance on Tuesday. Resistance was seen around the top boundary line resistance of a developing symmetrical triangle formation that was established following the 2,459-swing low reached last week. The s...
2 months ago
Gold, Silver, Platinum Forecasts – Gold Settled Near $2470 As Traders Waited For Additional Catalysts
GoldGold 130824 Daily ChartGold is losing some ground as traders take profits near historic highs. It should be noted that gold markets did not gain significant downside momentum as demand for gold remains strong.In case gold manages to settle above the $...
2 months ago
ASX 200: Tracks US Rally, Tech and Gold Stocks Lead Gains
US Equity Markets: Caution Turns to OptimismThe US equity markets had a positive Tuesday, August 13, session. The Nasdaq Composite Index and S&P 500 rallied 2.43% and 1.68%, respectively, while the Dow gained 1.04%.Starbucks (SBUX) surged 24.50%, cont...
2 months ago
Will Gold Prices Hit Another All-Time High In August?
Gold Stable Ahead of Inflation Data: Fed’s Rate Hesitancy and Recession Warnings IntensifyGold prices are currently holding steady in wait-and-see mode as traders turn their attention to this week’s highly anticipated U.S Inflation figures for clues on th...
2 months ago
Gold (XAU) Daily Forecast: Prices Slide to $2,455; Double Top Signals a Drop?
Market OverviewGold prices (XAU/USD) continued their downward trend for the second consecutive day on Wednesday, slipping to an intra-day low of $2,455.43.This decline is largely driven by the stronger US dollar, which gained momentum despite soft U.S. pr...
2 months ago
Gold (XAU) Price Forecast: Will CPI Data Trigger a Breakout Toward $2,500?
Gold Edges Toward Record Highs Amid Interest Rate Speculation and Geopolitical TensionsGold prices advanced on Wednesday, nearing the all-time high of $2,483.74 as traders looked ahead to the U.S. Consumer Price Index (CPI) report, expecting it to reinfor...
2 months ago
Gold and Silver Set for Strong Growth as Gold to Silver Ratio Nears Peak
The gold to silver ratio is an important metric in precious metals, offering valuable insights into the relative value between gold and Silver. This ratio is calculated by dividing the price of gold by the price of silver. The ratio has historically demon...
2 months ago
Consumer Prices Rise 0.2% in July, Matching Expectations
Overall Inflation TrendsThe July 2024 inflation report reveals a complex economic landscape with moderate overall inflation and notable variations across sectors. The Consumer Price Index (CPI) increased by 0.2% month-over-month, resulting in a year-over-...
2 months ago
Gold Price Forecast – Gold Market Continues to Pressure The Resistance
Gold Markets Technical AnalysisThe gold market initially pulled back just a bit during the early hours on Wednesday but have turned back around to show signs of life yet again. This is a market that’s been stubbornly bullish and that of course is actually...
2 months ago
Gold, Silver, Platinum Forecasts – Gold Retreats Amid Broad Pullback In Precious Metals Markets
GoldGold 140824 Daily ChartGold retreats as traders continue to take profits near historic highs. At this point, it looks that the market needs more catalysts to test the $2500 level.If gold settles below $2445, it may gain additional downside momentum an...
2 months ago
Gold Price Forecast: Retreats from 2,480 and Falls Back into Consolidation
Gold tried to breakout higher earlier in Wednesday’s trading session but quickly encountered resistance at 2,480. The recent record high last month was 2,484. Given today’s bearish reaction following a rise above the previous trend high of 2,477 from yest...
2 months ago
Gold (XAU) Daily Forecast: Price Battles $2,455—Will Uptrend Continue or Reverse?
Market OverviewGold (XAU/USD) has regained ground, drawing bids around the $2,454.57 level and hitting an intraday high of $2,458. This rally is driven by expectations of a September Fed rate cut, which weakens the US dollar and boosts gold prices.Additio...
2 months ago
Gold (XAU) Price Forecast: Will Retail Sales Data Trigger a Gold Market Surge?
Gold Prices Stabilize as Market Awaits Key Economic DataGold prices are showing signs of recovery on Thursday, following a 1% decline in the previous session. The downturn was driven by consumer inflation data that lessened expectations for a significant...
2 months ago
Gold Price Forecast – Gold Continues to Look to Higher Levels
Gold Markets Technical AnalysisThe gold market continues to pressure the upside in general as the market continues to try to price in the idea of whether or not the Federal Reserve will end up cutting once, twice, or multiple times beyond that. This is al...
2 months ago