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Gold Price: Potential bullish breakout amid a weakening US dollar
- Gold price has recouped Wednesday’s losses but remains range-bound below $1,800.
- The decline in the US dollar has acted as a bullish catalyst for the precious metal.
- The market is still digesting Yellen’s remarks on the need to hike interest rates.
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Gold price analysis for May
Gold has advanced from $1705 above $1790 since the beginning of April, and the current price stands around $1768. The price of this precious metal still remains under pressure, but rising inflation worries could help Gold to advance again above $1800 resistance. Fundamental analysis: Rising inflation worries could help Gold…
April 29, 2021
Gold price breaks higher, here is the next target on the upside
The Gold price has opened the new week higher to continue moving to the upside on the back of a weaker U.S. dollar and yields. Fundamental analysis: Gold price rises on a weak dollar and yields drop The Gold price has moved higher on Monday close to the 7-week high…
April 19, 2021
Should I invest in gold in April?
Gold prices fell over 1% on Friday to erase some of the gains made earlier in the week as a result of a surge in the U.S. Treasury yields and a stronger dollar. Fundamental analysis: Rising Treasury yields a concern Despite a selloff on Friday, gold prices closed higher on…
April 12, 2021
Platinum, Gold, Crude oil price analysis roundup
The global stock markets have advanced this March, Wall Street’s three main indexes continue to trade in a bull market, but the world still needs to face COVID-19 challenges. There is still a long way to fight against the pandemic; still, investors hope that a fiscal stimulus and coronavirus vaccines…
March 31, 2021