Spdr Gold Minishares Trust ETF News

The US treasury yields hit higher as Fed increases the interest rate for the first time after three years, which makes gold less attractive for the investors.

Gold stages a decent comeback after finding strong bids under $1,900. Acceptance above 21-Daily Moving Average (DMA) at $1,940 is critical for XAU/USD

India''s annual gold production could surge to 20 tonnes from a mere 1.6 tonnes if the government removes bureaucratic hurdles and encourages investment in the sector, the World Gold Council (WGC) said in a report published on Thursday.

(Kitco News) - Gold and silver prices are slightly lower in early U.S. trading Wednesday, as trader/investor risk appetite is keener at mid-week.

Where would the price of gold go following today’s Fed release?

Gold prices are moving sideways after the aggressive selling interest from the 19-month peak of 2,070.40, returning back near the 1,900 mark. The RSI indicator is flattening around the oversold region, while the MACD is still developing with weak momentum in the negative area. In trend indicators, the 20- and 40-period simple moving averages (SMAs) […] The post Gold Struggles above 1,900; Bearish-to-Neutral Bias in Short-Term appeared first on Action Forex .

(Reuters) - Gold steadied on Wednesday, with a weaker dollar offsetting pressure from higher U.S. Treasury yields as investors await the first pandemic-era U.S. Federal Reserve interest rate hike.

Episode 142 of Down to Business Podcast

Gold steadied on Wednesday, with a

Gold price is still on the retreat. Attention is turning to the rate hike decision to be taken by the US Federal Reserve. If FOMC Chairman Jerome Pow

Gold loses another 1% on Tuesday, pulling back to $1933 and settling around $1920 on Wednesday morning. About one week ago, quotes were soaring towards $2070, but they have been in a steady downward trend since then. The short-term charts clearly show the even pressure crystallising since March 10th. It may seem illogical that the […] The post Buying Gold: Ugly Short-Term Deal, Promising for Long-Term appeared first on Action Forex .

Oil rallies in Asia Oil prices slumped in overnight trading, Brent crude tumbling 6.85% to USD 98.70 a barrel, and WTI plummeting 7.0% to USD 95.10 a barrel. Oil markets continued to correct from the mayhem of last week, helped along by Iran nuclear deal hopes, fears over slower China growth, and persistent hopes of […]

A notable correction to the downside has captured Gold’s price in the most recent daily sessions. At the moment, Gold is trading below the $2000 round level, after performing a swift run to the new 2022 high price in the past week. The large swing for Gold’s price seems to imply a drastic change in […] The post Gold Report: Market Braces for FOMC Interest Rate Decision appeared first on Action Forex .

Gold settled below the support at the 20 EMA and is testing the next support level at $1915.

Gold prices hover near 2-week low * U.S. 10-year Treasury yields highest since June 2019 * Spot gold may bounce into a zone of $1,941-$1,960/oz – technicals By Unknown … Read Full Story at source (may require registration) The post PRECIOUS-Gold eases as yields climb, markets eye Ukraine talks appeared first on ForexTV .