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Boosted by the weakness of the US dollar, the price of gold this week hit another 7-year high, reaching the level of 1725 US dollars per ounce, an increase of nearly 10% this month. This week, we can focus on the US initial jobless claims and real estate data. If the data is not good, the price of gold is expected to strengthen further.
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Gold Breaks $2000?

The price of precious metals represented by gold has been rising like a rainbow, which has also made the markets call for the price of gold to exceed $2,000 more and more in the future;The popularity of gold futures trading can also be seen from the latest third quarter report of CME Group. CME Grou

Profits on 7.24

Profits take off!! XAU/USD stand on 1887 level, will long for 1900

XAUUSD: Here’s Why Gold Price Rally Has More Runway to Run – Analyst

Gold price is sitting pretty near the seven-year high as traders continue to remain optimistic about its prospects. Silver, its “poorer cousin”, is trading closer to its YTD high, which is incredible considering that its price was recently at a ten-year high. Therefore, is gold (XAUUSD) still a buy

Gold prices power to 9-yr. high; more upside likely

(Kitco News) - Gold prices are solidly up in midday U.S. trading Tuesday and notched a nearly nine-year high of $1,810.80 as of this writing. Tuesday’s early, routine downside correction following recent gains was once again seen as a value-buying opportunity in the yellow metal, on strong notions m

Gold: Will XAU/USD edge to new multi-year highs?

Gold Another positive daily candle and decisive close higher has pulled gold to a new multi-year closing high and a test of the recent peak of $1789. The market continues run along the four week uptrend (very slightly redrawn to account for last week’s Nonfarm Payrolls spike low) which rises today t
Based on 2 years time frame. We witnessing a sharp bullish trend and it will continue to spikes up without any resistance! #GoldBreaks1770# #Goldboom# ...
The precious metal gold has been always perceived as a safe haven in times of troubled times. Covid19 pandemic has proven that gold has risen at a certain level despite slow in economic activities. Th...

XAU/USD analysis: Reached 1,720.00

XAU/USD As apparent on the chart, the XAU/USD exchange rate has reached the 1,720.00 level. During today's morning, the rate was testing the given level. On the one hand, it is likely that yellow metal could gain support from the monthly R1 at 1,704.29 and continue to appreciate against the US Dolla

Gold: Approaching its next resistance at 1735 – Commerzbank

Gold is at 7 year highs and approaching its next resistance at 1735, per Commerzbank. Key quotes “Gold is at 7 year highs and is poised to encounter the next band of resistance at 1734/35, the 78.6% retracement of the move down from 2011 to 2005.”  “The 1734/35 zone guards the 1792/1803 highs (Octob

Dollar Extends Decline as Coronavirus Figures Trend Down, Gold Shines

Dollar is staying under pressure as traders are back from holidays. Risk sentiment is relatively steady with new global coronavirus cases and deaths starting to trend down. The improvements are particularly evident in Spain and Italy since the start of April. There is also hope that the worst is ove


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