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During yesterday's trading session, the price of gold rose from its lowest level in more than two years, as the dollar fell after setting a new record.
Gold markets rallied at the beginning of the session on Tuesday but gave up gains yet again as it looks like we are going much lower.
Gold markets have fallen again during the trading session on Monday, as the US dollar continues to strengthen against everything.
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XAU/USD gold prices rose after the US Federal Reserve raised interest rates by 75 basis points for the third time in a row, a widely expected move that wiped out some predictions that the
The direction of the XAU/USD gold price still tends more to the downside as long as it is stable below the support level of $1700 an ounce.
Gold markets have fallen again during the trading session on Tuesday as it looks like we’re doing everything we can to break down.
Gold markets have continued to be very soft in general, as the market continues to pay close attention to the US dollar and interest rates in America.
Gold price was little changed near its weakest level in more than two years as investors weigh the potential size of a looming interest rate hike by the Federal Reserve, which could put renewed pressure on the precious metal.
Gold futures fell again last Friday as the rise of the US dollar weighed on the price of the metal.
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For the second day in a row, XAU/USD gold prices fell, and thus pushed the most active gold futures contract to its lowest settlement in nearly two months.
Gold markets have done very little during the trading session on Wednesday, as we are sitting just above the $1700 level.
Gold futures fell after a higher-than-expected US inflation report in August
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Gold has fallen hard during the trading session on Tuesday after the US CPI numbers came out much hotter than anticipated.
The price of gold stabilized ahead of US inflation data due on Tuesday, as central bankers in the US and Europe indicated that more interest rate hikes are on the way.
Gold markets rallied a bit during the Monday session as the US dollar lost some ground.