Gold eases on risk appetite but maintains its broader upside trend intact. US Dollar’s weakness is keeping Gold from falling further. XAU/USD: Below the $3,325 trendline support, bears will be targeting $3,285. Gold (XAU/USD) is trading lower on Monday, weighed by softer demand for safe havens. Trump’s decision to back away from his plan to
Gold price pulls back from two-week highs early Monday. The US Dollar ignores Trump’s extension of EU tariff deadline as fiscal concerns haunt. Gold price runs into stiff resistance at $3,364; RSI stays bullish on the daily chart. Gold price is on a tepid retreat from two-week highs of $3,365 hit on Friday
Gold price edges lower to $3,335 in Monday’s Asian session. Trump set a July 9 deadline for a trade deal with the European Union. Renewed inflation concerns and recession fears might help limit the Gold’s losses. The Gold price (XAU/USD) attracts some sellers to near $3,335 during the early Asian session on Monday. The de-escalation of
Rulemaking will be required, along with further legislation. Precious metals are closer to being usable for legal tender, with Gov. Ron DeSantis receiving a bill he says he is on board to sign. HB 999 “recognizes gold and silver coin as legal tender for payment of debts,” but also mandates “additional requirements regarding privately ensuring deposits’ security, record keeping,
A diversified commodity fund might suit your needs. But watch those fees—and the wacky tax treatment. Budget deficits are going to be insane. Moody’s belatedly admits that the U.S. Treasury is a questionable debtor. God knows what new surprises are coming from Washington. What about having a commodity as an inflation hedge? Gold is hot,
This makes gold eerily similar to Bitcoin – it has value largely because we collectively agree it does. Proponents of gold-backed currency often overlook this circular logic. While fiat money has value because some entity says so, gold is ultimately in the same boat. Backing currency with gold just pushes the “trust problem” down one
As our members know we have had many profitable trading setups recently. In this technical article, we are going to present another Elliott Wave trading setup we got in Gold Miners ETF GDX . The ETF completed its correction precisely at the Equal Legs zone, referred to as the Blue Box Area. In the following sections, we will
Earth’s core is apparently a bit leakier than scientists expected. In a new study published in Nature, researchers describe evidence that traces of precious metals from Earth’s metallic core, including ruthenium and gold, are seeping up into volcanic rocks on the surface. The University of Göttingen-led team examined lava from Hawaii’s volcanic islands and discovered
Gold prices rose in Saudi Arabia on Friday, according to data compiled by FXStreet. The price for Gold stood at 399.76 Saudi Riyals (SAR) per gram, up compared with the SAR 397.38 it cost on Thursday. The price for Gold increased to SAR 4,662.69 per tola from SAR 4,635.01 per tola a day earlier. Unit
Gold is heading for its strongest weekly gain in over a month, buoyed by mounting concerns about the US fiscal outlook. Investors are turning to the metal as a hedge, following the passage of a massive tax and spending bill in the US House and signs of soft demand in bond auctions. These developments have