The gold market is showing a corrective decline, with bulls retreating from an intraday high near $1,720 in Europe Tuesday morning. Optimism about the early Asian session As technical challenges and worries recently tested metal buyers, a weak US dollar index (DXY) and promises of further stimulus from Europe, China and the UK, gold bulls … Read more
Gold pared recent losses to $1,780 on Tuesday morning as sellers stepped up activity in Europe. However, market concerns about economic prospects in the United States, Europe and China appear to be keeping commodity buyers optimistic. Soft US and Chinese data releases and low Treasury prices reflect economic concerns, not to mention the Sino-American conflict. … Read more
Gold prices (XAU/USD) are struggling to extend their two-day gains as buyers and sellers battled a three-week high in Friday’s Asian session. However, the precious metal recently fell below $1,754 as the US dollar tracks yields, leaving them bearish ahead of key inflation data. The US Dollar Index (DXY) is at its lowest level since … Read more