Gold holds near four-month high as traders eye US inflation data
Gold holds near a four-month high after a 5% weekly gain, with traders focused on US PCE inflation data and Fed Chair Warsh's speech at Jackson Hole for policy clues.
Gold Market
Tagged: technical analysis
Gold pulls back from 15-week high but bullish structure holds
Gold pulled back sharply from a 15-week high of $4,697 on Tuesday, weighed by a stronger US dollar and rising oil prices amid geopolitical tensions. However, technical indicators and robust physical demand suggest the bullish trend may persist.
Gold hits $4,680 as dollar slides on US political turmoil
Gold briefly rose above $4,680, its highest since mid-May, as the US dollar weakened on political turmoil. Technical indicators suggest the bullish trend remains intact.
Gold breakout sustains upward momentum, Societe Generale says
Societe Generale says gold has broken out of a small base formation and reclaimed its 200-day moving average, extending a rebound. Key support is near $4,510, with hurdles at $4,730/$4,770 and $4,890.
Gold price hits fresh high since mid-May above $4,650
Gold rose above $4,650 on Monday, its highest since mid-May. Lower US bond yields and a softer dollar, as expectations for a Fed rate hike fade, underpin the move.
Gold and silver futures rally, analysts see further upside
Gold futures broke through ₹1,55,000 to hit ₹1,62,680, while silver rebounded from ₹2,30,000. Analysts expect the rally to continue with targets of ₹1,70,000 and ₹2,60,000.
MCX gold extends rally to fifth week, August gains top 13%
MCX gold extended its rally for a fifth consecutive week, with August gains reaching 13.3% as a declining US dollar and reduced expectations of a Federal Reserve rate hike supported demand.
Gold hits three-month high as weaker dollar boosts rally
Gold prices climbed to a three-month high on Friday, extending gains for a third consecutive week as a softer US dollar and positive technical signals attracted investors.
Gold rises to fresh high since June above $4,500 amid USD weakness
Gold rose to $4,544 during Asian trading on Friday, its highest since early June, supported by renewed US dollar selling and expectations that the Federal Reserve may hold off on rate hikes. However, geopolitical tensions and higher oil prices kept gains in check.