|Day's Range||1,322.499 - 1,328|
|52 Week Range||1,322.499390 - 1,328.000000|
Investing.com - Gold prices rose on Thursday morning as the dollar retreated across the board in Asia despite the rising 10-year U.S. treasury yields.
Gold prices moved lower but bounced on their lows as the dollar continued to gain traction as U.S. yields rise. While data has been strong, there has been little sign of core inflation. Energy prices might be on the rise and there are pockets of housing strength due to supply constraints, but not enough for the Fed to increase rates more than 3-4 times this year. Gold prices rebounded from support, but moved lower after rebounding to the break down level on Tuesday.
Gold fell on Wednesday, driven lower by a rising U.S. dollar and bond yields. Comex gold futures for June delivery were down 0.86% to $1,321.60 a troy ounce as of 10:26 AM ET (14:26 GMT). The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.43% to 90.95.
Investing.com - Wall Street opened lower on Wednesday, as worry over rising bond yields offset a surge in corporate earnings.The S&P 500 was down over 21 points or 0.81% to 2,612.12 as of 9:45 AM ET (13:45 GMT) while the Dow composite decreased 200 points or 0.83% to 23,823.70 and tech heavy NASDAQ Composite fell 55 points or 0.79% to 6,951.73.Bond yields have risen to their highest levels in four years, as inflation has added to expectations of continued rate hikes from the Federal Reserve. ...
Global equities are becoming increasingly cautious as the U.S Dollar surge continues. US futures follow global sentiment, aiming for a lower opening.
Based on the early trade, the direction of the gold market the rest of the session will be determined by trader reaction to the main bottom at $1322.60.
Investing.com - Gold prices fell on Wednesday, nearing their recent two-week lows as a stronger dollar and rising Treasury yields weighed on demand for the precious metal.
Gold prices are trading sharply lower early Wednesday and the market has nearly erased all of yesterday’s gains. All it took was a recovery in the U.S. Dollar and an upturn in U.S. stock index futures to attract sellers.
Investing.com - Gold prices dropped on Wednesday morning as the dollar was driven higher by the 10-year U.S. treasury yields that surged to a four-year high at 3%.
The U.S Dollar’s surge was halted on Tuesday as the Yen, Euro and Pound held their ground after three straight sessions of downward pressure in forex.
Gold markets rallied a bit during the trading session on Tuesday, as the $1320 level continues to offer a bit of support. It looks as if we could try to grind higher from here, but it is going to take some work to build up the momentum necessary to go higher. I believe the pullbacks continue to be buying opportunities, as this is a market that has plenty of support underneath.
Investing.com – Gold prices were on track to snap a four-day losing streak after the rally in U.S. treasury yields paused, weighing on the dollar which eased from two-month highs.
Gold prices rebounded on Tuesday attempting to recapture resistance which is former support near an upward sloping trend line that comes in near 1,332. Target support is seen near the April lows at 1,320. Momentum on gold prices is negative as the MACD (moving average convergence divergence) histogram prints in the red with a downward sloping trajectory which points to lower prices.
Investing.com - Wall Street was higher on Tuesday, despite rising bond yields, as investors look to corporate earnings releases.The S&P 500 was up over 10 points or 0.41% to 2,681.22 as of 9:45 AM ET (13:45 GMT) while the Dow composite increased 96 points or 0.40% to 24,545.59 and tech heavy NASDAQ Composite rose 32 points or 0.46% to 7,161.55.Investors have shrugged off worry over rising bond yields, with the 10-Year note reaching its highest level in four years, as inflation has added to expectations of continued rate hikes from the Federal Reserve. ...
Investing.com – Wall Street was set to rebound on Tuesday, as investors looked ahead to the latest flurry of corporate earnings and bond yields eased.The S&P 500 futures was up 15 and a half points or 0.58% to 2,686.75 as of 6:47 AM ET (10:47 GMT) while Dow futures increased 138 points or 0.57% to 24,552.0. Meanwhile tech heavy Nasdaq 100 futures rose 45 points or 0.67% to 6,712.0.U.S. stocks were lower on Monday after a decline in technology shares and concern about increasing bond yields. ...
Based on the early trade and the last price at $1327.60, the direction of the gold market today is likely to be determined by trader reaction to yesterday’s close at $1324.00.
The U.S Dollar has been strong as 10-year Treasuries in the States have climbed towards a 3% yield.
Investing.com - Gold prices pulled away from two-week lows on Tuesday, but struggled to make headway as a stronger dollar continued to weigh on demand for bullion.
Gold futures are rebounding early Tuesday, mostly due to oversold technical conditions. The move we are seeing is likely a combination of profit-taking, short-covering and aggressive counter-trend buying. However, gains are likely being limited by a stronger U.S. Dollar and rising Treasury yields.
The U.S Dollar has remained a huge talking point as it builds momentum in forex as bond yields increase in the States.
The U.S Dollar has remained robust as it has gained against nearly every major currency. Gold has faltered and is above an important support level, which traders may attempt to challenge. U.S Crude Oil is approaching values not seen since late in 2014.
Gold markets fell significantly during the open on Monday, as we gapped lower, and then broke down towards the $1325 level. Although this looks very negative, there is a significant amount of support underneath that should come into play rather soon.
Fear of accelerating inflation, rising commodity prices and worries about the growing supply of government debt helped drive the 10-year yield to 2.998 on Monday.