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Gold bulls hit 100-day SMA wall as US yields bite
Gold (XAU/USD) price holds firm on Tuesday, capped on the upside by solid resistance at the 100-day Simple Moving Average (SMA) at $4,328, while broad US Dollar strength and elevated US bond yields weighed on the non-yielding metal.
Silver attempts cautious rebound ahead of closely watched Fed decision
Silver (XAG/USD) trades around $63.40 on Tuesday at the time of writing, up 0.28% on the day. The white metal attempts to stabilize as investors refrain from taking large positions ahead of the United States (US) Federal Reserve (Fed) monetary policy decision on Wednesday.
Gold: CTA selling intensifies ahead of Fed decision - TD Securities
TD Securities analysts Ryan McKay and Bart Melek report that Gold remains under pressure as CTAs accelerate selling ahead of the upcoming Fed meeting, with prices nearing levels that could push funds net short.
Gold finds support near one-month low ahead of Fed interest rate decision
Gold (XAU/USD) trims part of its intraday decline on Tuesday.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $62.82 per troy ounce, down 0.68% from the $63.25 it cost on Monday.
Silver Price Forecast: XAG/USD remains under pressure near $63 ahead of Fed’s policy decision
Silver price (XAG/USD) is marginally lower to near $63.14 during the European trading session on Tuesday. The white metal remains under pressure as investors shift their focus to the Federal Reserve’s (Fed) monetary policy announcement on Wednesday.
Gold: Fed risk keeps bullion vulnerable – ING
ING strategists Warren Patterson and Ewa Manthey say Gold has slipped as higher Oil prices stoke inflation concerns and reinforce expectations of a potential Federal Reserve rate hike, lifting Treasury yields and the US Dollar.
India Gold price today: Gold steadies, according to FXStreet data
Gold prices remained broadly unchanged in India on Tuesday, according to data compiled by FXStreet.
Gold struggles near multi‑week low as Fed hike bets and geopolitical risks boost USD
Gold (XAU/USD) drifts lower for the second straight day – also marking the third day of a negative move – and trades around the $4,265-$4,264 region, down 0.80% during the first half of the European session on Tuesday.
Silver Price Forecast: XAG/USD falls to near $63.00 amid rising inflation, Treasury yields
Silver price (XAG/USD) falls for the second successive day, trading around $63.20 per troy ounce during Asian hours on Tuesday. Silver could face further depreciation as elevated oil prices heighten expectations for a US Federal Reserve interest rate hike.
Gold falls below $4,300 as higher US yields bolster Fed rate hike bets
Gold price (XAU/USD) tumbles to near $4,295 during the early Asian session on Tuesday. The precious metal faces some selling pressure as rising bond yields and surging energy prices strengthen expectations that the US Federal Reserve (Fed) will raise interest rates this week.Â
Silver Price Forecast: Neckline rejection keeps $60 in sight
Silver (XAG/USD) price resumes its downtrend on Monday, keeping the head-and-shoulders pattern alive as the white metal struggles to clear the neckline in the $64.10-$64.20 range, increasing the chances of further losses. The XAG/USD pair trades at $63.60, down over 1.50%.
Gold gets squeezed by 5% Treasury yields as FOMC week begins
Gold (XAU/USD) begins the week on the wrong foot, down some 0.85% on Monday after reaching a one-month low of $4,253, in a week that will feature the Federal Open Market Committee (FOMC) monetary policy decision. At the time of writing, XAU/USD trades at $4,310.