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GOLD TODAY
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Get the latest trading insights from the experts here.
  • AUD/USD Price Analysis: Better bid near 0.7370 as daily chart leans bearish
  • GBP/USD looks to 1.3400 on vaccine hopes, eyes weekend Brexit talks
  • EUR/USD Forecast: Bullish extension to 1.2000/YTD tops still on the cards

Gold Price Analysis: Is the XAU/USD bull market over? – TDS

Last week’s sell-off in gold, which ensued after a breach of the long-term strong support at $1850, raised doubts whether the bull market is nearing an end. Still holding an upbeat outlook on the yellow metal, TD Securities (TDS) Commodity Strategist Daniel Ghali explained that the drivers that push

Iraq’s Oil Minister: Will not seek exemption from OPEC+ deal

Iraq Oil Minister HE Ihsan Abdul Jabbar Ismaael said in a local media outlet that the OPEC’s second-largest oil producer will not ask for an exemption from the OPEC+ oil output cut deal. Key quotes “Oil prices are expected to reach about $50 at the beginning of 2021.” “The commitment of members to t

BOE’s Haldane: Focus on inflation risks as economic recovery gathers pace

Inflation could rise by more than expected on hopes for a quicker economic upturn induced by the coronavirus vaccine progress and massive stimulus, the Bank of England (BOE) Chief Economist Haldane said in a speech to a University College London webinar on Saturday. Key quotes “As the economic recov

UK set to approve Pfizer-BioNTech coronavirus vaccine from December 7 – FT

The Medicines and Healthcare Products Regulatory Agency (MHRA), the UK’s medical regulator, is likely to give a green signal to the coronavirus vaccine co-developed by BioNTech SE and Pfizer Inc from December 7, the Financial Times (FT) reported, citing unnamed sources. The vaccine deliveries would

Gold Price Analysis: XAU/USD sees firstly weekly close below $1800 since mid-July

Gold lost 4.5% on the week, the worst week since end-September. Stops got triggered after gold breached the $1800 critical threshold. Coronavirus vaccine progress-led economic optimism hammered gold. Gold (XAU/USD) finally breached the critical $1800 support on Friday, closing the week below that le

GBP/JPY slides below 138.50 weighed by a vulnerable pound

GBP/JPY's reversal from 140.00 area extends to 138.35. Brexit uncertainty and Scotland's referendum hurt the pound. GBP/JPY eroding trendline support at 138.40. The sterling is trading lower against the Japanese yen for the second consecutive day, giving away most of the ground taken earlier this we

AUD/USD set to finish the week just below 0.7400, at monthly highs

AUD/USD shrugged off negative China trade news on Friday to hit fresh monthly highs. Excellent Australian containment of the Covid-19 pandemic is likely supporting the currency alongside NZD. AUD/USD looks set to end the week on the front foot and at its highest levels since early September of just

EUR/GBP jumps near 0.9000 as Brexit, Scotland hurt the pound

EUR/GBP breaks beyond 0.89940 resistance and approaches 0.9000. The pound weakens on Brexit uncertainty and Scotland's independence referendum. Breach of 0.9000 would improve the euro's near-term bias. The euro has accelerated its recovery from 0.8865 lows earlier this week, appreciating to levels r

USD/JPY exploring levels sub-104.00 amid broad dollar weakness

USD/JPY's reversal from 104.80 extends below 104.00 The US dollar looks vulnerable amid the positive market mood The near-term bias is negative and the pair targets 103.50 The US dollar is heading lower against the Japanese yen for the second consecutive day. The bullish reaction from 103.90 lows wi

USD/JPY Weekly Forecast: Consolidation down

Monday's USD/JPY run heralded by US PMI data. Descending channel, technical direction down, weak support. Yen safety-trade, interest rate advantage remain intact. FXStreet Forecast Poll The market's opening gambit this week showed the potential, even the desire, to put the COVID-19 world in the past

USD/CAD gradually grinds lower from 1.3000 as US dollar slides

USD/CAD has continued to edge lower since dipping below 1.3000, despite somewhat thin volumes and uneventful markets. Driving the move has been a broad softening of the US dollar, with DXY having fallen below 92.00. USD/CAD is just above lows of the day below 1.2980, the pair having gradually ground

Gold Price Analysis: XAU/USD attempting to bounce up from $1,775 low

XAU/USD accelerates its downtrend to hit five-month lows at $1,775 Gold suffers amid the positive market sentiment. Breach of $1,800 support increases Bullion's negative momentum. Gold futures accelerated heir downtrend from last week highs near $1,900, breaking below the 200-day SMA, at $1,800 area

Gold Weekly Forecast: XAU/USD tumbles to multi-month lows on risk flows, technical selloff

Gold slumped to its lowest level since early July below $1,780. Gold trades below 200-day SMA for the first time since March. Bearish pressure is likely to remain intact unless XAU/USD breaks above $1,800. Gold broke below key support areas and lost more than 4% to end the week below $1,800 pressure

GBP/USD drops to 1.3300 again amid thin FX market conditions

GBP/USD has dropped to 1.3300 in recent trade, around which it is currently consolidating. No new news appears to have driven the move, though there has been an overarching pessimistic feeling regarding Brexit talks this week. No new news is driving the move, but GBP/USD is back to fresh lows of the

EUR/CHF: SNB on hold while ECB on the move – CIBC

Analysts at CIBC, forecast the EUR/CHF pair will trade at 1.09 by the end of the first and second quarter of the next year. Key Quotes: “Although ECB policy action may not necessitate the SNB accelerating their intervention, we can expect the quarterly SNB policy update on December 17th to see the c

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