Elliott wave analyst updates count for stocks, oil, and gold
An Elliott Wave analyst has revised his counts for the stock market, crude oil, and gold, pointing to a retracement in equities and further upside in oil.
Gold Market
Tagged: technical analysis
Gold price retreats after Fed rate hike, dollar recovers
Gold fell over 0.6% on Monday after last week's Federal Reserve rate hike. The US Dollar Index rose 0.2% to 100.42, capping the metal despite lower Treasury yields.
Gold price extends recovery as lower oil prices offset Fed rate hike fears
Gold rallied for a second straight day on Friday, hitting its highest since September 9. Lower oil prices provided the main support, countering the expected drag from a Federal Reserve rate hike.
Gold Edges Higher to Extend Weekly Streak, Fed Hike in Focus
Gold rose $26 to $4,416 for the week, extending its winning streak despite a Fed rate hike and firmer dollar. Volume data and technical signals suggest buyers may be returning.
Gold and silver prices volatile on MCX as oil falls and dollar steadies
MCX gold and silver futures saw mixed moves in early trade on 18 September as a drop in crude oil prices and a steady dollar offered support, while US-Iran tensions kept caution alive.
Gold rallies over 2% as falling yields offset Fed rate hike
Gold rose more than 2% on Thursday, reaching $4,361, as a drop in oil prices pushed the US dollar and Treasury yields lower, offsetting the impact of the Fed’s latest rate hike.
Gold price slides as Federal Reserve delivers hawkish 25 bps rate hike
Gold prices erased gains and slid after the Federal Reserve hiked rates by 25 bps to a 3.75-4.00% range, with most officials projecting at least one more increase this year.
Gold and Silver Hold Key Support as Markets Stabilise
Gold and silver prices have stabilised slightly after recent declines, with analysts pointing to oversold conditions and key support levels holding ahead of this week's FOMC meeting.
Can artificial intelligence really move the gold price? One analyst says no
A well-known commentator argues that market psychology, not artificial intelligence or economic data, is the true driver of gold prices. He sees a key support level for December futures.