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Gold rebounds as dollar eases and equities retreat; trades in a triangle – Commodity News

Posted on November 15, 2018 at 2:48 pm GMT

Bullion prices bounced higher on Wednesday, on the back of a pullback in the dollar and continued fragility in equity markets. The yellow metal is currently trading at a critical technical crossroads, with a break in either side of a symmetrical triangle needed to determine the near-term bias. It’s no secret that most of gold’s troubles this year have been owed to the strength in the US dollar. With gold being priced in dollars, a stronger US currency renders the [..]

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Gold loses its shine despite boiling trade tensions – Commodity News

Posted on June 20, 2018 at 3:01 pm GMT

After trading in a very narrow range for an entire month, gold prices finally broke lower last week on the back of a stronger dollar, to touch fresh lows for the year. The fact that even the increasingly realistic risk of an “all out” US-China trade war was unable to lift gold suggests that buyers are in short supply right now, and unless tensions escalate much further or the US dollar reverses course, the current pattern may continue. The overarching [..]

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Can upcoming risk events break gold out of its lull? – Commodity News

Posted on June 7, 2018 at 12:59 pm GMT

Gold prices have continued trading in a quiet manner, unable to break the narrow range that has been established in recent weeks. While the geopolitical arena seems to be posing less of a risk for markets, developments around global trade have not been as encouraging, leaving investors with little motivation to alter their exposure to havens like gold. That might change soon though, depending on how the US-North Korea summit and the upcoming Fed meeting play out, alongside whether the [..]

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Gold spikes higher: Dead cat bounce, or more upside in store? – Commodity News

Posted on May 25, 2018 at 1:28 pm GMT

Gold prices are practically flat in 2018, as concerns around geopolitics and trade that would typically boost demand for the precious metal have been counterbalanced by a resurgent US dollar. While more dollar strength may keep gold under some pressure in the near-term, it would not be surprising to see the metal come back in fashion later on, in case geopolitical tensions or the “trade war” escalate. Price action in gold has been a tale of two narratives this year. [..]

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