Gold price (XAU/USD) witnessed an intraday turnaround on Wednesday and tumbled around $50 after hitting a fresh record high, around the $2,760 region. Against the backdrop of slightly overbought condi

Gold, silver generate bearish reversal signals, but can they be trusted?

10:30pm, Wednesday, 23'rd Oct 2024

A stronger US dollar and higher US interest rates usually create headwinds for precious metals given they are priced in USD and offer no yield for holders, but not in 2024. Even as the greenback and U

Gold Price Forecast: Hits Resistance, Eyes Key Support Amid Bearish Reversal

04:00pm, Wednesday, 23'rd Oct 2024

Gold's rally stalled at 2,758, triggering a bearish reversal. Key support at 2,686 and 20-Day MA at 2,667 will determine whether the retracement deepens.

Gold plunges from record high as US yields and USD strengthen

02:58pm, Wednesday, 23'rd Oct 2024

Gold price plunges from all-time high of $2,758 on Wednesday as US Treasury yields climbed, while the Greenback refreshes a two-month high, according to the US Dollar Index (DXY). At the time of writi

Gold forecast: Rising yields, dollar take toll on metals

12:25pm, Wednesday, 23'rd Oct 2024

Gold prices retreated sharply after hitting a record high earlier. Did we just see a near-term top in gold prices, or was this yet another trap for gold traders speculating on lower prices?

The Upcoming US Election and Gold's Record Highs

11:15am, Wednesday, 23'rd Oct 2024

Voters in the United States (US) head to the polls on 5 November to elect their next president.

US Dollar Forecast: Bullish DXY Outlook as Treasury Yields Climb, Gold Prices Slip

10:09am, Wednesday, 23'rd Oct 2024

The U.S. Dollar Index surged as Treasury yields hit new highs. Fed rate cut expectations shift, driving the dollar up and pushing gold prices into a short-term retreat.

Gold – 23.10.2024

10:01am, Wednesday, 23'rd Oct 2024

Gold advanced today to print a high of 2758. As we see on the chart, Intraday levels show the first support around 2748.

Gold Price Outlook – Gold Stalls a Bit in The Early Part of Wednesday

09:44am, Wednesday, 23'rd Oct 2024

The gold market has been strong for some time now, but the Wednesday session is suggesting that we are a little overdone at this point in time. The market continues to see a lot of reasons for the mar

Gold (XAU/USD), Silver (XAG/USD) Print Fresh Highs as the DXY Eyes 105.00

07:38am, Wednesday, 23'rd Oct 2024

Gold prices have smashed through the 2750 handle despite the US Dollar continuing its advance. The precious metal has attracted bids with some believing this could be down to markets preparing for a p

Gold (XAU) Price Forecast: Bullish Momentum Holds, But Is a Pullback Looming?

06:57am, Wednesday, 23'rd Oct 2024

Gold rallies above $2,750 on strong safe-haven demand, but rising yields and dollar strength increase the risk of a short-term pullback despite bullish support.

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