Big fee cuts at UAE jewellery shops as gold falls, US dollar strengthens

Dubai: Gold jewelry prices within the UAE dropped to their lowest degree in weeks because the US dollar reinforced, supplying a far-wished rate of comfort to customers. Retail quotes across the shops and souks published a decline of about Dh2.50 in keeping with gram on Monday, with the pure gold promoting at Dh154.50 consistent with […]

Gold remains flat underneath $1280, can FOMC’s Powell wake up markets?

The XAU/USD pair pushed lower within the early buying and selling hours of the European session to the touch its lowest degree in extra than weeks at $1273.75. Although the pair became capable of locating support there, it has struggled to level meaningful healing and long gone into a consolidation phase underneath $1280. As of […]

Why Does Silver Look So Good With The Gold/Silver Ratio At 26-Year Highs?

Silver futures maintain disappoint me extra than every other commodity on the board. But I am nonetheless longtime believer that silver will relive the consideration days of $50 and past; I’m awaiting a setup like what we’re experiencing now to plot my attack. Under ordinary situations, gold and silver generally tend to capture a bid […]

MKS’ Nabavi: Gold Bounces From Lows; Market Eyes Equities

Gold has bounced from the in a single day low on profit-taking employing shorts and could advantage further if equities are vulnerable, says Afshin Nabavi, head of buying and selling with MKS. As of eight:19 a.M. EDT, spot steel changed into 20 cents better at $1,277.30 an ounce after earlier falling to round $1,274. Prices […]

Yes, Gold Is Being Manipulated. But To What Extent?

Another day, some other banking scandal. Last week the European Commission introduced that it’s fining five massive banks for rigging the global foreign exchange (foreign exchange) market. As many as eleven global currencies—such as the euro, British pound, Japanese yen, and U.S. Dollar—have been allegedly manipulated by way of buyers running at Barclays, the Royal […]

Funds Hike Bullish Positioning In Gold By More Than 500%

(Kitco News) – Large speculators hiked their bullish posture in gold futures greater than five-fold during the most current reporting week for records compiled via the Commodity Futures Trading Commission. Gold charges have fallen since the May 14 cutoff for the maximum present day CFTC record, however, that means net length might also have properly […]

Gold Prices Pull Back A Bit After Good Gains Monday

(Kitco News) – Gold charges are barely decrease in early-morning U.S. Buying and selling Tuesday. Prices did poke to a 4-week high in a single day. The yellow metal is seeing a regular corrective pullback following Monday’s top gains, which positioned the bulls in a far higher technical posture. June gold futures had been remaining […]