Gold Price News and Forecast: XAU/USD - The narrative about Gold is changing again


Gold drops to session low, reverses Friday's positive move

Gold extended its steady intraday decline through the early European session on Monday and is currently placed near the lower end of its daily trading range, around the $1455 region.

A combination of negative forces failed to assist the precious metal to build on the previous session's goodish positive mood to one-week tops, rather prompted some fresh selling on the first day of a new trading week.

Stronger Chinese data, surging US bond yields weigh

Positive economic data from China, showing an unexpected growth in the manufacturing activity in November, boosted the global risk sentiment and dented demand for the precious metal's perceived safe-haven status. Read more...


The Narrative About Gold is Changing Again

Let’s face it, we live in a world of radical uncertainty. Yet we’re supposed to make perfectly rational decisions – so, how do we cope with the unknown? We tell narratives, and form our decisions around them! Let’s explore the narratives in the financial markets for it reveals their importance to the gold market.

Let’s face it, we live in a world of radical uncertainty. There are not only many known unknowns in the world, but the same can’t be said of unknown unknowns. We simply do not known what we don’t know. In other words, the problem is not risk. The notion of risk implies that we can compute probability. Read more...

XAUUSD

 

Gold Posts Modest Gains on Risk-Off Sentiment

The precious metal posted meager gains on Friday amid risk-off sentiment. Investors remain concerned with the US and China trade talks. This led to the equity markets falling on a shortened trading day in the US The safe-haven asset closed on Friday with 0.59% gains on the day.

XAU/USD Back at Resistance

XAU/USD saw gains that sent the prices to test the resistance level near 1462. The rebound comes as the bearish momentum is fading. But a further continuation is required for gold to maintain the current trend. If there is a strong close above 1462, we expect prices to rebound back to the 1480 region. Read more...

Gold

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Analysis feed

Latest Forex Analysis

Editors’ Picks

GBP/USD stays below 1.3350 on poor UK PMIs

GBP/USD hits fresh session lows of 1.3335 following an unexpected drop in the UK's Preliminary Manufacturing and Service PMI reports. However, the downside appears capped amid growing Brexit optimism. 

GBP/USD News

EUR/USD keeps range around 1.1130 on downbeat PMIs

EUR/USD trims gains to trade near 1.1130 region after the sentiment around the euro was dented by the disappointing German and Eurozone Preliminary Manufacturing PMIs. Trade concerns also keep the gains limited. 

EUR/USD News

UK Elections and US-China trade: Removing Risk Factors

Following the euphoria over the decisive UK election result and the US-China "Phase 1" trade deal markets look primed to end the year on a positive footing. Two of the major risk factors threatening to detail market sentiment into year end have at least been lifted.

Read more

Gold consolidates in a range, flat-lined around $1475 level

Gold extended its sideways consolidative price action through the early European session on Monday and remained confined in a narrow trading band near the $1475 region.

Gold News

USD/JPY clings to modest gains, just below mid-109.00s

The USD/JPY pair edged higher on the first day of a new trading week, albeit lacked any strong follow-through and remained well within the previous session's trading range.

USD/JPY News

Forex Majors

Cryptocurrencies

Signatures