Silver (XAGUSD) News, Page 1

On Tuesday, XAU/USD is trading 0.27% negative in the day at 1,410. Gold looks contained by the 1,420 resistance and supported by the 20-day moving average at 1,405.

Gold is currently moving in a small range between 1,410 and 1,420; the unit is 0.08% negative at 1,415. Technical indicators don’t show much upside potential for now. On the bigger picture, gold is trading sideways between 1,385 and 1,440.

Gold is trading at 1,404, 0.10% positive on the day, but the pair is losing steam as it jumped as high as 1,412 overnight. Technical indicators in the daily chart suggest more dovishness in the short term. For now, the 20-day moving average is acting as a support with the

Currently, gold is trading 0.35% negative on the day at 1,413. Technical indicators are mixed with moving averages aligned to the upside but RSI and momentum showing some retracement expected.

Gold and all metals are focused on Federal Reserve’s chairman Jerome Powell testimony before the US Congress. Also, what he is saying regarding the United States economy.

XAU/USD tested the 1,385 level earlier in the session on Monday, but it wasn’t able to break down that level and the unit returned to trade at current levels around 1,395, 0.14% negative on the day.

XAUUSD is now moving at 1,404, 0.35% positive on the day. Technical indicators suggest more room for the downside, but the chart pattern is showing robust middle-term support at 1,380.

The metal is consolidating levels between 1,410 and 1,425 as the unit remains slightly bullish, but a firm dollar is holding the metal at current levels. All focuses are now in the employment report.

On Thursday, gold extended declines until it found support at the mentioned 1,410. It is now trading 0.26% negative at 1,415.

Although technical studies suggest more declines in the middle term, chart pattern still shows a bullish consolidation above the 1,380 area with the 1,440 level acting as a container.

The market is expecting a slow and long week as the United States will be on vacation from Wednesday night until the weekend as the Fourth of July day will be on Thursday.

Earlier in the day, gold dropped deeper to test the 1,380.00 area for the first time since June 21. With today’s decline, gold is extending its rejection from the 1,440.00, highs since May 2013, reached on June 25.

In the month, gold is closing its best month since 2016 with over 8.0% gains and logging its second consecutive month of gains. On the quarter, XAU/USD recovered itself from early losses, and it is posting near 9.5% gains in the last three months.

Gold is trading down for the second day in a row as investors are digesting the news that the United States and China are in talks to avoid the next round of tariff measures.

Gold is down on Wednesday amid Fed’s moderation on rate cuts. Also, sentiment market has improved.

Gold jumped to fresh highs since May 2013 as dollar is trading weak. However, as market is fully priced on a Fed’s rate cut, the risk now is to the downside with any possible Dollar strength.

Gold is trading higher for the fifth day amid a weak dollar and a possible rate cut by the fed in its FOMC meeting this July.

Gold is rallying to trade at highs since September 2016. Best week since 2016. Other metals are struggling to post gains.

Gold is trading at highs since 2013 as the dollar is getting hurt by the notion that the Federal Reserve will cut interest rates for sure in July.

Gold, silver and other metals are trading sideways ahead of the Federal Reserve. Palladium is extending gains to 1,500.