Gold Price Forecast: XAU/USD snaps six-day uptrend to poke $1,800 on downbeat sentiment
Gold offered for the first time in July, reverses from three-week top. Covid woes, indecision
Financial and Business News
Gold offered for the first time in July, reverses from three-week top. Covid woes, indecision
Gold (XAU/USD) has again held key in-range support at $1765/55. Strategists at Credit Suisse look
Inflation and weaker USD are supporting central bank gold purchases. What’s more, USD weakness should
Gold (XAU/USD) has seen recovery just ahead of the 2019-2021 uptrend line at $1739. While
Gold ended last week higher, notching a gain of about 1%. After a sharp selloff
Gold fell a sixth consecutive session on Friday, closing at $1764.16 to lose 6.0% on
The expected pullback in gold is holding its 200-day average (DMA) and the broader risk
Silver (XAG/USD) stays rangebound and is seen at risk of near-term underperformance to gold, as
May marked a 35% drop in price for bitcoin, making it one of the worst
Gold has broken out of the downward trend since April 2021 and is on the