Precious metals news

FXstreet.com (Barcelona) – The price of an ounce is moderately increasing the value and after... For more information, read our latest forex news.

Markets were pretty rangebound last week, hanving been consolditaing following the previous week's moves. Overall, the dollar was slightly weaker against major currencies (except for the yen). However, it did rally against gold which dropped unexpectedly $20 last Wednesday afternoon. Also, equities continued to rally although the momentum of their move higher has slowed down.

As we suggested last week, risk appetites improved a bit further this past week and most risky assets advanced, with the notable exception of precious metals and commodities. In FX, the clear standouts were the JPY crosses, like EUR/JPY, CAD/JPY and AUD/JPY, which all moved above recent highs. Solid data out of China and the US supported the notion that the global recovery is on track, though many…

After the US retail sales figures from February, the dollar is rebounding against the ounce of gold. Right now, the pair is trading at 1106.57 dollars per ounce, getting closer to the pivot point at 1103.60, before the psychological level at 1110.

FXstreet.com (London) - Gold bullion has steadied and now trades a consolidation phase ahead of US... For more information, read our latest forex news.

FXstreet.com (Barcelona) - Spot Gold's rebound on $1,100 support area yesterday has extended... For more information, read our latest forex news.

Crude oil, gold and silver rebounded amid broad-based selling of the US dollar in what appeared to be a return to typical "risk on" trading in European hours.

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FXstreet.com (Barcelona) - Spot Gold's decline from $1,137 high on Monday extended somewhat lower... For more information, read our latest forex news.

FXstreet.com (Barcelona) – Gold prices are little changed through Asia. Price opened nearing... For more information, read our latest forex news.

FXstreet.com (Barcelona) – Bearing in mind gold lost nearly $30 on a heavy fall on March 10,... For more information, read our latest forex news.

Gold headed south again in reaction to the U.S. data set. However, the precious metal is bouncing after dipping just below its highly psychological $1100/oz level. We notice a rise in the risk trade across the board with the Dollar losing some ground to the Euro and Pound. Should these two currencies manage to piece together a topside run, this could help gold recover from its own pullback since t…

Recent bearish price action on spot gold, a daily chart of which is shown, has prompted a correction back down to the long-term uptrend support line. This bearish correction occurs right after price reached a high of around 1145 just last week. As of Thursday (3/11/2010) morning New York session, price is hovering right around the key trendline.

The parity XAU/USD didn't succeed to get back above the fibonacci retracement 50% towards 1125. This level has been used as resistance for its pullback. The parity is currenlty breaking 1100 (support). However, as far as the price is above 1100, we advise to trade only long positions. But if this l...

FXstreet.com (London) - Gold bullion has shed significantly in previous session as a sell-off on... For more information, read our latest forex news.

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FXstreet.com (Barcelona) - Spot Gold recovery from Tuesday's low at $1,108 was capped at $1,128... For more information, read our latest forex news.

Gold: Gold prices are once again dropping, and it is currently traded around $1107.45 an ounce. And now, the 8-hour chart's RSI is giving bullish signals, indicating that gold prices might go up. This might give forex traders a great opportunity to enter a very popular trend.

Euro Rallies, Gold Plummets: U.S. Dollar Trading (USD) had a mixed day of trading as strength in Europe was once again reversed in the US session with the notable exception of Gold. Crude Oil Inventories where at 1.6m and helped Oil to small gains. In US stocks, DJIA +3 points closing at 10567, S&P +5 points closing at 1145 and NASDAQ +18 points closing at 2358. Looking ahead, Weekly Jobless Claim…

FXstreet.com (Barcelona) – Yesterday, gold recovered most of the lost ground closing above... For more information, read our latest forex news.

Investors have brushed aside a surprisingly large drop in Home Loans data. Higher RBA rates are clearly finding their way into the real economy with lenders cutting back on loans for home sales. Regardless, the AUD/USD has broken free of our 2nd tier downtrend line as the EUR/USD, gold, and the Cable all move higher, a sign that investors are getting more comfortable with the risk trade. A pop bey…

Gold found support in our 1st tier uptrend line yesterday and has bounced back from Tuesday lows, avoiding a retest of $1100/oz in the process. Gold is now back in the middle of its present trading range as gains in the Aussie and Loonie are counterbalanced by overall weakness in the Cable and Euro. That being said, it will be interesting to see how the Cable and EUR/USD react to tomorrow’s …

The fibonacci retracement 50% towards 1125 is currently acting as resistance. A break out of this level will offer a buy signal. We advise to enter long or to trade only long positions as far as the parity is above the last lowest at 1108. However, as far as the price is below 1125, a return on 110...

FXstreet.com (London) - Gold was up after being punished in previous sessions. There seems to be... For more information, read our latest forex news.

MORE POOR UK DATA as UK Jan manufacturing output fell 0.9% (vs exp +0.3%) but rose 0.2% y/y, while Indus production -1.5% m/m vs exp -0.8%.

Oil and gold prices may decline amid expectations for a sharp increase in borrowing costs as the US Treasury’s monthly budget statement shows the largest monthly shortfall since records began nearly 33 years ago.

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FXstreet.com (Barcelona) - Spot Gold's decline from $1,140 high on Friday found support at $1,108... For more information, read our latest forex news.

Silver: The 4H chart's Bollinger Bands appear to be tightening on this commodity as prices prepare for a volatile jump. With bearish crosses on the hourly and daily Slow Stochastic, as well as an over-bought indication on the 4-hour RSI, the next major movement may indeed be in a downward direction. Forex traders involved in commodity trading can take advantage of this knowledge by going short on …

FXstreet.com (Barcelona) – Gold is currently at 1,124.60 after pricing 1,121.50 at the opening... For more information, read our latest forex news.

Dollar rebounded strongly in European session as Gold was hit to as low as 1115 following comments from China.

FXstreet.com (Barcelona) - Gold traded very quiet overnight in Asia, ranging in a tight range... For more information, read our latest forex news.

Gold has tacked onto yesterday’s 1% pullback in reaction to a broad-based downturn in the risk trade. Hence, it seems gold is following its negative correlation with the Dollar once again. On the bright side, gold has avoided a retest of its highly psychological $1100/oz level and remains above the lower band of its trading range. Hence, the possibility of a return of gold’s upward mom…

Sterling has dropped against the Dollar and the Yen overnight on the back of comments by the credit rating agency Moody's that the UK banking sector stands to lose the "extraordinary support" it has enjoyed from the BoE. FX traders are also pointing to the possible redemption of recently paid-out Gilt coupons as the source of Pound-selling. GBPJPY sank two hundred pips and dipped below 135.00, whi…

The pair is rebounding on the 1115.30 pivot point, trading right now at 1117.18 dollars per ounce. Since yesterday's session, the precious metal is falling 20 dollars after some profit taking by investors and after the rise of the safe haven assets demand.

FX markets were nervously quiet in Asian session, just waiting for a directional catalysis. Initially, the deputy governor of the PBoC and the head of the SAFE, Yi Gang, at a press conference in Asia, provided some detailed and honest comments regarding China's foreign exchange and reserve policy. These comments reinforce remarks made on Friday from PBoC Gov. Zhou and Prime Minister Wen. On the su…

FXstreet.com (London) - The return to risk markets and bullish tone on which we ended last week... For more information, read our latest forex news.

Ashraf, British Pound, Canadian Dollar, China, GBPUSD, Gold, IMF, New Zealand Dollar, U.S. Dollar, Yen

Crude oil is set to extend losses on fading risk appetite while gold and silver decline amid firming US interest rate expectations.

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FXstreet.com (Barcelona) - Spot Gold's retreat from Mar 3 high at $1,145 extended lower on Monday's... For more information, read our latest forex news.

U.S. Dollar Trading (USD) gained across the board as profit taking hit the majors after stock markets stalled and Gold slipped back on decreasing sovereign credit risk. US stocks stayed in a very tight range but ended slightly weak. In US stocks, DJIA -13 points closing at 10552, S&P -1 points closing at 1138 and NASDAQ +5 points closing at 2332.

FXstreet.com (Sydney) – Gold reversed recent gains as concerns over Greece ease and demand for the... For more information, read our latest forex news.

The parity XAU/USD is currently testing a break out of the support at 1125. If the price get back above this level, we will maintain to trade only long positions, with 1150 as first objective. However, if the price continue its bearish movement, we will advise to wait a return on 1100 to trade agai...

FXstreet.com (London) - Euro lost up to 80 pips when it hit lows of 1.3611 earlier in New York... For more information, read our latest forex news.

FXstreet.com (London) - Gold has shed $10, or nearly 1% since Wall Street opened. While most risk... For more information, read our latest forex news.

Today, the dollar is testing the uptrend line going back to early December '09; that's when this rally began. No doubt near-term the risk appetite train, and all its tight correlations strapped to it, may hit the buck. But the game may have changed on the correlation front. Already we have seen a bit of breakdown between the dollar and the stock market. Interestingly, given the big run up in stock…

FXstreet.com (London) - Gold bullion has inched down a buck from the open and traded a tight range... For more information, read our latest forex news.

Oil prices have taken out key resistance but risk trends may help see a pull-back in the near term. Gold and silver may turn lower as a business economists' survey calls for Fed rate hikes in the next 6 months.

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FXstreet.com (Barcelona) - After an strong rally earlier on the week, which pushed Spot Gold up... For more information, read our latest forex news.

FXstreet.com (Sydney) – Gold continued to gain territory after earning USD $20.00 during trade last... For more information, read our latest forex news.