Mars_Hunter

Mars_Hunter Updated 

Gold confined within two key averages, awaits US CPI for fresh direction Gold price is treading water while defending the critical 200-DMA at $1,920 during early Tuesday dealings. XAU/USD price is losing the upside traction, as the United States Dollar (USD) finds its feet amidst a negative shift in risk sentiment and the buoyant tone seen around the US Treasury...

Mars_Hunter Updated 

Gold prices lost traction and fell to $1,920 during US trading hours on Friday. The benchmark 10-year US Treasury yield recovered to 4.25% after spending the first half of the day in negative territory, sending XAU/USD lower. Last week (September 5-8, 2023), the USD price in the international market rose to a nearly six-month high amid concerns about global...

Mars_Hunter Updated 

In the initial hours of Monday's Asian session, gold prices were observed to be hovering at approximately $1,920 per troy ounce. Despite this, the precious metal managed to maintain its previous weekly close due to some assistance from the weakening US Dollar (USD). The US Dollar Index (DXY), a measure of the performance of the Greenback against six prominent...