Gold nears $1800 reinforced by the 10yr US Real Yields break lower – Credit Suisse
Gold has resumed its core bull trend reinforced by the expected break lower by 10yr US Real Yields as the yellow metal trades at near $1790, gaining +0.42% on a day. Strategists at Credit Suisse mark resistance at $1796/1803.
Gold Price Analysis: XAU/USD retreats to $1,780 area ahead of key US data
After posting its highest daily close since October 2012 at $1,781.67, the XAU/USD pair extended its rally and came within a touching distance of $1,790 before losing its traction. As of writing, the pair was virtually unchanged on a daily basis at $1,781.
The uncertainty surrounding the impact of rising coronavirus cases' on the US economic recovery provided a boost to the safe-haven precious metal on Tuesday. Moreover, month-end flows triggered a fresh gold-buying wave and allowed the pair to stretch higher in the late American session. Read more...
Gold hits fresh multi-year tops, fast approaching $1800 mark
Gold jumped to fresh multi-year tops in the last hour, with bulls now eyeing a move towards the ambitious $1800/ounce target.
Following a brief consolidation through the Asian session on Wednesday, the commodity regained some positive traction and added credence to the overnight breakthrough a one-week-old trading range. Worries about the second wave of coronavirus infections turned out to be one of the key factors that continued benefitting the safe-haven precious metal. Read more...
|Today last price||1781.67|
|Today Daily Change||1.24|
|Today Daily Change %||0.07|
|Today daily open||1780.43|
|Previous Daily High||1785.91|
|Previous Daily Low||1764.7|
|Previous Weekly High||1779.41|
|Previous Weekly Low||1742.97|
|Previous Monthly High||1785.91|
|Previous Monthly Low||1670.76|
|Daily Fibonacci 38.2%||1777.81|
|Daily Fibonacci 61.8%||1772.8|
|Daily Pivot Point S1||1768.12|
|Daily Pivot Point S2||1755.8|
|Daily Pivot Point S3||1746.91|
|Daily Pivot Point R1||1789.33|
|Daily Pivot Point R2||1798.22|
|Daily Pivot Point R3||1810.54|
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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.