Gold (XAUUSD) Price Outlook: A Rise Above $3,310.48 May Aim for $3,435.06 and $3,500.20
Moody downgrades sway confidence, so the dollar slides The US Dollar Index (.DXY) dropped to its lowest level in two weeks following Moody’s downgrade of the US government’s credit rating last Friday. This downgrade was attributed to concerns over proposed increases in fiscal risks and anticipated deficits stemming from tax cuts. UBS analysts noted that […]
Gold prices in India on May 21
Gold Prices Rise Amid Economic Shifts On Wednesday, gold prices saw an uptick, as reported by FXStreet. The current price of gold is INR 9,090.18 per gram, up from INR 9,055.95 just a day earlier. Additionally, the price per TOLA has escalated to 106,026.10, rising from 105,626.90. Unit Measure INR Gold Prices 1 gram 9,090.18 […]
Gold and Silver Price Outlook: XAU Surpasses $3,300, XAG Aims for Breakthrough Above $33.23
A metal analyst based in Hong Kong mentioned that “the chances of dramatic changes from the Fed are on the rise.” With real yields decreasing and the value of the dollar retreating, gold seems to be gearing up for another upward move. Recent statistics from the US Department of Commerce indicated that retail sales remained […]
Gold Medals Ahead Following NFL’s Significant Decision for the 2028 Olympics
NFL Players to Compete in Flag Football at 2028 Olympics Exciting news for sports fans! The NFL’s Spring League meeting saw a significant resolution passed on Tuesday. Observers noted a unanimous vote, with all 32 teams supporting the idea of allowing players to compete in Team USA’s Flag Football Teams during the upcoming 2028 Summer […]
Gold Price Outlook: XAUUSD Surpasses Resistance, Targets Further Gains Towards $3,375
The 50-day moving average shows that trend support was established around the swing decline of $3,121 from last week, indicating that the bearish correction might be nearing its end. The short-term upward trend remains intact as reflected in the 50-day line. This suggests that gold may continue to rise in price. While gold is currently […]
Concerns About Inflation Push Gold Prices Higher – Crude Oil Prices Today
Global precious metal prices have been on the rise. The overall index saw a 5.11% increase, with gold reaching new record highs once again. Palladium remains inactive Palladium has been performing well lately, but some key demand factors are weakening. With U.S. vehicle production slowing, auto manufacturers are increasingly opting for platinum, which is currently […]
Texas AG Paxton begins investigation after male swimmer identifying as transgender wins 5 gold medals in women’s swimming event
Texas Attorney General Investigates Competition Policy Last month, a biological male athlete identifying as a woman, who dominated five events at the US Masters women’s swimming competition in San Antonio, has drawn scrutiny and prompted an investigation from Texas Attorney General Ken Paxton. Paxton has announced that his office will look into potential deceptive practices […]
May 20 gold market overview – important intraday price points for active traders
Jim Wykoff: A Veteran in Finance and Markets With over 25 years of experience in stocks, finance, and commodity markets, Jim Wykoff has established himself as a notable figure in the industry. He spent a considerable amount of time as a financial journalist for FWN Newswire Service, reporting from the bustling commodity futures trading floors […]
Daily Outlook for Gold and Silver: Ceasefire Discussions Dampen Safe-Haven Interest
The dollar is hovering close to its weekly lows following disappointing US CPI and retail sales figures from last week. The market is currently anticipating two interest rate reductions by the Federal Reserve in 2025. “The Fed finds itself in a difficult situation. The weak data creates a case for easing, but officials are wary,” […]
Gold prices face downward pressures – Analysis – 19-05-2025
Market Overview The price experienced a decline during the most recent intraday trading session, showing signs of bearish trends. Additionally, there’s ongoing negative pressure, particularly as it remains below the EMA50. These factors, along with a notable negative signal from the RSI, indicate a failure to breach previous resistance levels, suggesting that further declines could […]