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Silver Price Forecast: XAG/USD holds bullish below $70.00/two-month high set on Friday
Silver (XAG/USD) seesaws between tepid gains and minor losses around the $69.00 mark through the Asian session on Monday. The white metal, however, remains within striking distance of a two-month high, around the $70.00 psychological mark touched on Friday, and seems poised to appreciate further.
Gold gains momentum above $4,600 on US Treasury buyback plans
Gold price (XAU/USD) gains traction to around $4,625 during the early Asian trading hours on Monday. The precious metal climbs to the highest since May 15 as the US Treasury's buyback support plan weighs on the US Dollar (USD).
United States CFTC Gold NC Net Positions increased to $222.2K from previous $217.9K
United States CFTC Gold NC Net Positions increased to $222.2K from previous $217.9K
Silver Price Forecast: XAG bulls test $70 as rally extends
Silver (XAG/USD) prices rally for the third straight day on Friday, up more than 2% and, for the week, gains over 7.40%, as a firm US Dollar (USD) is not an excuse for precious metals buyers, who are choosing flight-to-quality over haven demand due to the difficult US fiscal stance.
Gold hits three-month peak above $4,600 as Middle East risks fuel rally
Gold price hits a three-month high and is poised to end the week with gains of over 5.6%, even though business activity in the services sector in the US was solid. Recent developments in the Middle East and a softer US Dollar underpin the yellow metal, which has surpassed the $4,600 threshold.
AUD/USD Price Forecast: Bulls eye 0.7200 as RSI nears overbought territory
AUD/USD edges higher on Friday, climbing to its highest level since June 3 as the Australian Dollar (AUD) outperforms all its major peers.
Gold: Upside asymmetry into next week – TD Securities
TD Securities’ Ryan McKay and Bart Melek note that Gold and broader precious metals are trading in a higher range that could trigger another round of CTA (Commodity Trading Advisors) buying.
Gold: Safe-haven bid on US debt worries – Commerzbank
Commerzbank’s Carsten Fritsch notes Gold has surged, breaking above USD 4,500 per troy ounce as safe‑haven demand rises on US debt concerns and a weaker Dollar.
Silver climbs toward $70 as US Dollar remains under pressure
Silver (XAG/USD) accelerates its advance on Friday and trades around $69.75 at the time of writing, up 2.41% on the day. The white metal reaches its highest level in two months and is on track for a weekly gain of more than 7%, mainly supported by persistent weakness in the US Dollar (USD).
$4,600: Gold rallies to three-month high, eyes third weekly gain
Gold (XAU/USD) is heading for a third consecutive weekly gain on Friday, extending an impressive rally that has lifted the precious metal by around 13% so far this month. At the time of writing, XAU/USD trades around $4,603, its highest level since May 15.
Gold Price Forecast: XAU/USD testing three-month highs near $4,600 as the US Dollar dives
Gold (XAU/USD) extends gains on Friday, with bulls aiming for a retest of the $4,600 resistance area, the top of the last six months' trading range.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $69.94 per troy ounce, up 2.67% from the $68.12 it cost on Thursday.
Silver Price Forecasts: XAG/USD hits highs past $69.00 amid US Dollar weakness
Silver (XAG/USD) rallies for the third consecutive day on Friday, hitting fresh two-month highs above $69.00 in the early European session.