Graniteshares Gold Trust ETF News

Its happening again despite another ratchet higher in U.S. real yields gold is creeping higher. Post last weeks more robust than expected U.S. jobs data and hawkish BoE and ECB meetings, the U.S. 10-year real yield closed higher overnight at -48bps. For reference in Mid-November 2021, the U.S. 10-year real yield was trading at [] The post The Battle for Bullion Part II appeared first on Action Forex .

Gold continues to recover as the US dollar treads water. The previous fall below the daily support at 1785 had put the bulls on the defensive. The RSIs oversold signal attracted some buying interest and prompted sellers to cover, driving up the price. The rebound has since gained traction after the metal rallied above the [] The post XAU/USD Breaks Resistance appeared first on Action Forex .

Gold continues to recover as the US dollar treads water. The previous fall below the daily support at 1785 had put the bulls on the defensive. The RSI

(Kitco News) - Both gold (-0.16%) and silver (-0.75%) have moved lower leading into the European session. In the rest of the commodities complex, copper is down nearly 1% and spot WTI dropped 0.88% overnight.

Golds recent bounce from the $1,780 area, or the lowest level since December 16, stalled just ahead of the 61.8% Fibonacci level of the fall. As FXSt

Gold prices on February 8, 2022: Seeing a nominal hike of Rs 52, gold futures maturing on April 5, 2022, are retailing at Rs 48,300 per 10 grams

CME Gold extends gains; surges $41 since January 28

Sri Lankas official reserve assets were 2.4 billion US dollars (USD 2,361mn) by the end of January, down from 3.1 billion US dollars in December last year, the latest Central Bank data showed. By the end of January, the foreign currency reserves were 2,078 million dollars while the reserve position in the IMF was 67 []

Dollar strengthens mildly in Asia today but overall markets have been quiet this week so far. Euro continues to consolidate last weeks sharp gain, ahead of a key near term resistance against the greenback. Commodity currencies are the slightly stronger ones. Major benchmark global treasury yields continue to rally while stocks tread water. There might [] The post Dollar Strengthens Mildly in Quiet Trading, Gold Recovers Further appeared first on Action Forex .

https://www.investing.com/analysis/gold-be-wary-of-selloff-before-bottom-200617413

US stocks will struggle for direction until the latest inflation tilts market’s expectations as to how aggressive the Fed will tighten into what is still deemed as an overvalued stock market. Wall Street saw early selling pressure for tech stocks as investors still digest a wrath of disappointing outlooks and surging borrowing costs. Technology stocks […]

https://www.investing.com/news/commodities-news/gold-rises-almost-1-breaking-out-of-measured-dance-2758732

At the moment, gold is a tough commodity to pin down. Its correlation to real rates was the talk of the market last year but that relationship has disappeared. Inflation has surged but it left gold behind. Now central banks are hiking rates at an accelerating pace, something that should be hurting

Gold futures climbed on Monday to post their biggest single-session gain in nearly three weeks. "My sense is the inflation narrative is starting to take over from the [U.S. dollar] and Treasury yields as the key driver --- and hence the strong showing," said Ross Norman, chief executive officer at Metals Daily. "Gold has benefitted from the sentiment that the Fed is getting seriously behind the curve and the chance of a policy error are manifestly higher," he said. April gold rose $14, or 0.8%, to settle at $1,821.80 an ounce. Based on the most-active contract, prices marked their biggest point and percentage gain since Jan. 19 and highest settlement since Jan. 26, FactSet data show. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Senior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developments