For the first time in five months, gold-backed ETFs globally reported modest outflows in May as investors took profits. After charting the largest inflows of gold since August 2022 in April, gold-backed ETFs globally reported modest outflows of 19 tonnes totaling $1.8 billion last month. A combination of gold outflows and a moderating gold price
Gold gains despite risk-on mood as yields retreat and US Dollar weakens. Trump grants Bessent flexibility on export controls, aiding US-China talks. Russia-Ukraine tensions persist, keeping safe haven demand for Gold alive. Gold prices posted solid gains on Monday as the US Dollar weakened during the North American session despite positive news regarding US-China trade
XAU/USD Gold price edged higher from new over one-week low in early European trading, after it cracked strong supports at $3300 zone (psychological/daily Kijun-sen / daily cloud top), but faced headwinds here. Bouncing after heavy losses (gold price was down around $100 in past two sessions) is a logical reaction, but the length of the
With industrial demand reviving and Fed policy uncertainty easing, silver’s breach of its two-month range at $33.77 clears the path for a push through $36.65 and ultimately $40.00. Technical outlook Breakout confirmation: After two months of sideways trading between $32.12 and $33.77, June saw silver decisively clear the $33.77 cap. Today it sits just above
Gold failed to stabilize above $3,400 following a bullish start to the week. May inflation data from the US and trade headlines could continue to drive XAU/USD action. The technical outlook fails to provide a direction clue in the near term. Gold (XAU/USD) started the week on a strong footing but failed to gather further
Gold failed to stabilize above $3,400 following a bullish start to the week. May inflation data from the US and trade headlines could continue to drive XAU/USD action. The technical outlook fails to provide a direction clue in the near term. Gold (XAU/USD) started the week on a strong footing but failed to gather further
XAU/USD Gold is moving within a narrow range in European trading on Friday, but still being constructive after Thursday’s strong upside rejection at pivotal $3400 zone and daily close in red. Near-term action stays around support at $3355 (broken Fibo 61.8%) and above 10DMA ($3335) which gives a dash of optimism, as several attacks already
Gold’s price has moved higher since our last report, with gold’s price currently above $3300 per troy ounce. In today’s report we intend to discuss fundamental issues that may be affecting the precious metal’s price action and conclude the report with a technical analysis of gold’s daily chart. President Trump and President Xi Jinping to
Key takeaways A gold-like five-point breakout structure is making a strong case for an Ethereum price boom. Ethereum is also repeating its 2016–2017 fractal and could rally to $5,000–$6,000 if the pattern holds. Fading Solana hype and rising institutional inflows are boosting Ethereum’s fundamental strength. Gold fractal furthers Ethereum’s bull case A multi-year gold fractal
Silver keeps posting lower highs since peaking at $33.70 last weekRecent price action is forming a descending triangle pattern, a bearish sign.XAG/USD: Below the $32.60-3270 support, the next targets are $32.15 and $31.70. Silver prices (XAG/USD) are paring losses during Friday’s European session. The pair has returned above the $33.00 level following a significant reversal