Gold Trend 26/08

Gold price carried forward the upward momentum from the breaking of 2480 in the previous week, hitting a fresh record high of 2531 early last week. But the buying has reversed after the Fed. Meeting…

Gold Trend 05/08 – The spot gold price is losing upward momentum despite the expectations of a Fed. Rate cut increasing

The spot gold price went up during the week but fell after Friday's US non-farm payroll report. Looking back at last week, the price broke through the 2400 resistance before the Fed—meeting on Wed. The…

Gold Trend 22/07 – Failed to clear 2450

Entering a consolidation cycle after gold failed to stay above 2450. Gold price broke through the previous historical high of 2450(1) early last week on Tuesday, triggering a round of buying and rising to a…

Gold 15/07 – Preparing for a new high ?

The gold price was stimulated by the easing inflation data from the US last week, breaking through the post-non-farm resistance of 2391(2) and touching a four-week high of 2424. Referring to CME gold futures' data,…

Gold Trend 10/06 – Consodiate further this week ?

Gold price experienced the largest single-day decline in recent months last Friday, downed by $82. The price stayed within the range of 2320-2360(1) early last week until Wednesday after a disappointing ADP employment figure was…