May 28, 2020 9:32 am
Gold prices rebounded from two-week lows overnight and the yellow metal extended gains during European trade on Thursday, as brewing tensions between Beijing and Washington supported demand for haven assets. Gold also drew support by the recently unveiled stimulus packages worth $1.1 trillion in Japan and EUR 750 billion in the European Union respectively, aimed […]
Read moreMay 27, 2020 9:47 am
Gold prices remained close to a two-week low during European trade on Wednesday as demand for safe haven assets seemed to have faded on some optimism over economic activity recovery. Still, gold losses may be limited as rising US-China tensions remain a source of concern. “What we saw over the preceding 24 hours was a […]
Read moreMay 26, 2020 9:46 am
Gold prices drifted lower during Tuesday’s European trade, after the precious metal had drawn support in the previous sessions by tensions between Beijing and Washington over proposed new security laws on Hong Kong. While China’s foreign ministry office in Hong Kong and the city’s security chief spoke in defense of the proposed legislation and proclaimed […]
Read moreMay 25, 2020 9:45 am
Spot Gold slid to an intraday low in Asia trade on light volume, but managed to recoup part of those losses in early European session, as intensifying tensions between the United States and China kept safe haven asset demand supported. Beijing’s move to impose a national security law on Hong Kong raised concerns over the […]
Read moreMay 22, 2020 9:36 am
Having touched a one-week low yesterday, Gold gained some ground on Friday, as escalating tensions between Beijing and Washington heightened the appeal of safe haven assets. US President Trump warned of a “very strong” US reaction to new Chinese national security legislation on Hong Kong, which is seen as an attempt to increase China’s control […]
Read moreMay 21, 2020 9:34 am
Gold retreated from yesterday’s highs on Thursday, as optimism over a timely economic recovery from the coronavirus crisis prompted market players to trim their safe haven bets. “There is still some optimism and risk-on sentiment about the possibility of a vaccine and talks of lockdown easing and growth slowly picking up,” National Australia Bank economist […]
Read moreMay 20, 2020 9:31 am
Gold continued its recovery from recent lows on Wednesday, as market sentiment once again went into a risk-off mode. Tuesday’s investor optimism cooled off after medical website Stat News reported that early data on Moderna Inc’s experimental COVID-19 vaccine was not sufficient to determine if the vaccine itself was effective. Moderna announced earlier this week […]
Read moreMay 19, 2020 8:45 am
Having touched a 91-month high on Monday, Gold prices on Tuesday remained under some pressure, stemming from improved investor risk appetite following news of promising COVID-19 experimental vaccine results in Moderna Inc’s (MRNA) early-stage trial. However, the downside may be limited because of renewed trade frictions between Beijing and Washington and a wave of stimulus […]
Read moreMay 18, 2020 9:39 am
Gold prices registered a fresh 91-month peak on Monday, as market sentiment was still affected by bleak US macro data from last week, which highlighted to what extent the world’s largest economy had been impacted by the COVID-19 pandemic. Friday’s data showed US retail sales had plummeted 16.4% in April from a month ago, or […]
Read moreJuly 20, 2017 6:28 am
Silver (SI) for September delivery (1 Troy Ounce) R1 – $16.317 R2 – $16.337 R3 (Range Resistance – Sell) – $16.358 R4 (Long Breakout) – $16.418 R5 (Breakout Target 1) – $16.489 R6 (Breakout Target 2) – $16.519 S1 – $16.277 S2 – $16.257 S3 (Range Support – Buy) – $16.237 S4 (Short Breakout) – […]
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