Gold Due to Fall to $1,250/Ounce, After Forming Symmetrical Triangle: Technical Analysis
Gold – Bloomberg reported that, according to technical analysis from Bank of America Corp., gold is poised to plummet to $1,250 an ounce over the next month.
Articles Tagged "gold market news"
Gold Falls to $1,384 on US Ratings Upgrade
Gold – Spot gold fell as low as $1,375.99 an ounce June 10 — a near two-week low, before recovering 0.1 percent to $1,384.79, Reuters reported.
Gold Dips Below $1400/Ounce While Dollar Gains Momentum
Gold – Reuters reported that gold built on Friday's losses in London on Monday, against a strengthening dollar. As quoted in the market report:
Gold Holds Steady Ground Above $1,400 an Ounce as ECB Leaves Rates Unchanged
Gold – Reuters reported that gold held ground above $1,400 an ounce on Thursday, while investors wait for word on U.S. jobs data, and were encouraged by the ECB's decision to hold rates steady, citing confidence in a gradual recovery
Gold Bounces Up to $1,404/oz
Gold – Gold prices were back up June 5 to $1,402.41 an ounce, an increase of $2.80 from the previous session, Reuters reported.
Gold Pushes Ahead on Weak U.S. Jobs Data
Gold – CNBC reported that gold was given a push over $1400 an ounce on Wednesday, boosted by weaker than expected U.S. employment data, reducing speculation that the U.S. Feds will scale back its $85 billion monthly bond-buying program.
India to Extend Gold Import Restrictions
Gold – The International Business Times reported that major gold consumer, India plans to extend restrictions on gold imports.
Gold Moves Down to $1,395
Gold – Gold prices fell below the $1,400 an ounce mark June 4 due to fears that India — the world's top gold consumer — may lower its demand for the metal.
Gold Up from Friday at $1,396 an Ounce
Gold – Gold prices increased June 3 after dropping nearly 2 percent in the previous session.
Gold Continues to Hover Around $1,400
Gold – Reuters reported that gold regained some ground on Monday, given strength by a falling dollar in advance of the release of key U.S. economic data.
