Gold Price Rallies Into Resistance, Fuelled by US Dollar Weakness
The price of gold turned sharply higher Wednesday, aided by a weaker US dollar, and the precious metal is now running into a cluster of resistance which may prove tricky…
Tags: US Dollar
More Selling In Store For Gold Price? Markets Eye Yellen’s Take On U.S. Dollar
(Kitco News) After a selloff towards $1,800 an ounce, gold is up on some bargain-hunting with prices back above $1,830 despite a higher U.S. dollar on Monday.
Long Term Gold/US Dollar Cycles Show Big Trends for Metals – part I
Over the past few months, my research team and I have published a number of articles suggesting a broader market depreciation cycle has set up in the US/global markets that…
Australian Dollar Forecast: AUD/USD Looks to Extend Gains Above 0.74
The Australian Dollar has been a beneficiary of the global economic recovery that has taken place over the last two quarters.
Gold Hit by Steady Dollar, Fading U.S. Stimulus Hopes
(Reuters) - Gold prices dipped on Thursday as the dollar steadied and comments from U.S. Treasury Secretary Steve Mnuchin dashed hopes of a new fiscal stimulus package before the presidential…
Japanese Yen Regains Momentum Against USD, But Range Holds
The Japanese Yen remains confined to a well-established trading range against the US Dollar but seems to be gaining the upper hand within it.