|Day's Range||1,325.9 - 1,326.999|
|52 Week Range||1,325.899536 - 1,326.999146|
Investing.com – Gold prices remained steady after the dollar eased from highs as traders awaited the release of the Federal Reserve’s January meeting minutes for clues on future monetary policy action.
Based on the current price at $1331.40 (1800 GMT) and the earlier price action, the direction of the gold market the rest of the session is likely to be determined by trader reaction to $1330.20.
Investing.com - Gold prices remained under pressure on Wednesday, hovering at one-week lows as the U.S. dollar continued to be supported ahead of the minutes of the Federal Reserve's latest policy meeting, due to be released later in the day.
Investing.com – U.S. Futures pointed to a lower opening bell on Wednesday, as traders wait for the Federal Reserve meeting minutes and potential signs of increased interest rates.The S&P 500 futures fell over four points or 0.18% to 2,709.25 as of 6:40 AM ET (11:40 GMT) while Dow futures decreased 56 points or 0.22% to 24,892.0. Meanwhile tech heavy Nasdaq 100 futures was down over three and a half points or 0.06% to 6,786.75.The Federal Reserve is expected to release the minutes of its most recent policy meeting at 2:00 PM ET (19:00 GMT). ...
The Dollar extended gains against a basket of major currencies on Tuesday ahead of today’s highly anticipated FOMC meeting minutes release. This latest rebound from three-year lows suggests that investors are inclined to overlook concerns around the U.S budget deficit — for the moment, at least.
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Investing.com - Gold prices fell to one-week lows on Wednesday, as strength in the U.S. dollar continued to weigh, although caution ahead of the minutes of the Federal Reserve's latest meeting and uncertainty surrounding a big U.S. debt auction this week was expected to limit the greenback's gains.
It is an important day of reports for global investors as the U.K presents its Inflation Report Hearings and the U.S issues the Fed’s FOMC Meeting Minutes publication.
For this, we will analyze the situation on Gold, EURUSD, and USDJPY. If it was all about Gold, the time to end the correction would be right now. XAUUSD is creating a hammer candlestick on the up trendline and the horizontal support on the 1324 USD/oz.
Forex may remain consolidated as investors anticipate the publication of the U.S Federal Reserve’s Meeting Minutes report later.
The Fed minutes, due to be released at 1900 GMT, are likely to exert the most influence on gold prices today. The minutes could have more impact than usual if they provide any insight on inflation and interest rates.
A stronger U.S. Dollar tends to be bearish for dollar-denominated commodities like copper because it often reduces foreign demand.
Gold markets have fallen a bit during the day on Tuesday, reaching down towards the $1350 level. I think there is support extending down to the $1325 level, so this in the end, should be a nice buying opportunity.
Investing.com – Gold prices fell sharply amid a rejuvenated dollar and rising bond yields ahead of the release of the Federal Reserve’s January meeting minutes.
Gold prices moved lower on Tuesday as the dollar rebounded against most major currencies. A softer than expected German ZEW survey was the catalyst that weighed on the EUR/USD. Prices of the yellow metal dipped through support near the 10-day moving average at 1,334, and is poised to test the February lows at 1,307. Resistance is now seen near former support at the 10-day moving average. Momentum has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal. This occurs as the MACD line (the 12-day moving average minus the 26-day moving average) crosses below the MACD signal line (the 9-day moving average of the MACD line).
Based on the early price action, the direction of the gold market the rest of the session is likely to be determined by trader reaction to the steep uptrending Gann angle at $1341.00.
Investing.com - Gold prices remained under pressure on Tuesday, as U.S. dollar strength and lower demand for safe-haven assets continued to weigh on the precious metal.
Investing.com - U.S. Futures pointed to a lower open on Tuesday, as investors return from a long holiday weekend and inflation concerns continue to rattle markets.The S&P 500 futures fell 19 points or 0.72% to 2,715.25 as of 6:40 AM ET (11:40 GMT) while Dow futures decreased 198 points or 0.78% to 25,038.0. Meanwhile tech heavy Nasdaq 100 futures was down 53 points or 0.78% to 6,733.75.Fresh jitters have returned to the market, as investors keep an eye on the bond market amid inflation concerns. Markets were closed on Monday for President’s Day. ...
The current price action strongly suggests that investors are pricing in hawkish Fed minutes.
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Investing.com - Gold prices continued to drop on Tuesday, weighed by the U.S. dollar's ongoing strength and diminished demand for safe-haven assets.
The U.S Dollar has been slightly stronger the past day. However, Monday was without full volume in forex.