Gold price (XAU/USD) falls further as upside risks of Middle East tensions ease. The precious metal remains on the backfoot as market participants expect conflicts to remain contained between Israel and Palestine. Along with fading Middle East conflicts, caution over the interest rate outlook from the Federal Reserve (Fed) has dampened appeal for the Gold. Investors […]

Open interest in gold futures markets shrank by almost 1K contracts after three consecutive daily pullbacks on Tuesday, according to preliminary readings from CME Group. Volume, instead, remained choppy and went up by around 123.5K contracts. Gold: A drop to the 200-day SMA is not ruled out Gold prices extended the pessimism in the first half […]

CME Group’s flash data for gold futures markets noted traders increased their open interest positions for the third consecutive session on Monday, this time by nearly 3K contracts. Volume, instead, resumed the downtrend and shrank by around 76.2K contracts. Gold faces a minor support around $1950 Gold kicked off the week on the back foot amidst […]

Gold price (XAU/USD) attracts some buyers for the second successive day on Friday and sticks to its modest intraday gains heading into the European session. Bets that the Federal Reserve (Fed) is nearing the end of its policy-tightening campaign and start cutting rates in June 2024 keep the US Dollar (USD) bulls on the defensive. […]

Gold price (XAU/USD) extends the previous day’s retracement slide from the vicinity of a five-and-half-month peak touched last week and continues losing ground for the third successive day on Wednesday. The precious metal maintains its offered tone heading into the European session and currently trades near the weekly low, around the $1,978 region. Easing concerns […]