Tag: gold price

GOLD The bullion price has rebounded in the last few hours on the back of a combination of market drivers. Firstly, the weakening of the US Dollar is lifting up the price as investors are betting on further declines for the greenback, which is proving a supportive element for gold and other assets priced in…

GOLD Gold is trying to react after the selloff seen in the last few trading sessions. The new slowdown of the greenback is lifting bullion up, in a scenario still dominated by risk on, but where we can see a slowing down of the bullish pressure of last month. Some investors are thinking that markets…

GOLD Despite the new week starting with stock markets in red, gold has so far been unable to rebound. The short-term trend for bullion has been compromised by the price falling through the support level at $1,850. Investors have moved to other assets, seeking faster gains, although they haven’t forgotten that central banks will be…

GOLD The breakdown of the support level of $1,850 has damaged the medium-term trend for gold, opening space for further correction. Positive news regarding Covid vaccines has pushed investors to bet on riskier assets, temporarily reducing their exposure to gold. With US markets working shorter hours today due to the Thanksgiving long weekend, there are…

GOLD The extended period of risk on finally hit gold with the price breaking the support level of $1,850 to plunge to the lowest level since July. This negative correlation with risk is nothing new for gold as investors are continuing to invest on riskier assets instead, betting on a quick solution to Covid-19. The…

GOLD In the last few days a stream of positive updates about vaccines have pulled up stocks. The general risk on scenario hit the gold price, triggering a notable decline last week. Yesterday, bullion dropped a further 1% on the news of the increased percentage success of Pfizer’s vaccine. So far the price has managed…

GOLD In the last few days we have seen a general decline in volatility, which has also been reflected on gold with the price steady at 1,880, waiting for new market drivers. We are seeing an interesting challenge between the risk on, which is still dominating markets and is a bearish element for gold, and…

GOLD Gold is steady with no clear direction. The price has been affected by the general risk on scenario, which has boosted stock markets in the last few days. Investors are betting on riskier assets, reducing or at least not increasing their gold reserves. It is worth pointing out that bullion rebounded on the support…

EUROPEAN SHARES  European markets slid lower at the open on Friday, continuing the corrective move registered yesterday on most benchmarks, as a risk-off mood prevails. Spikes in virus infections added to the lack of progress regarding the new stimulus package in the US is a perfect occasion for investors to take some profits ahead of…

EUROPEAN SHARES  The stock market showed signs of slowing down in Europe on Thursday, despite a bullish correction in Chinese tech shares overnight, as the initial enthusiasm over a vaccine starts to wane. The worsening virus situation in many hotspots is weighing on market sentiment as it sparks fears of tougher containment measures that could…