Gold price recovers further from one-month low; looks to US PPI and Powell for fresh impetus

Daily Technical Analysis: Gold Jumps to $3,250 After Reaching the Lowest Price in a Month

Gold showed a downtrend movement for the last 10 days. However, a corrective bounce followed yesterday. A bullish crossover took place yesterday but is starting to flatten, hinting at slowing momentum during Friday’s trading. Price is currently testing short term moving averages MA(5), and MA(10) with a dynamic support of moving average MA(30) around $3,200 levels. RSI hit a high near 65 in early trading today and is now turning downwards, sugge…

Gold prices remain up from overnight lows as US PPI drops 0.5% in April

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

Gold Rises on PPI Data and Fed Comments - Archer Financial Services

GOLD Gold futures edged higher after PPI inflation data out of the US and comments... The post Gold Rises on PPI Data and Fed Comments appeared first on Archer Financial Services.

Gold Rises on PPI Data and Fed Comments - ADM Investor Services

GOLD Gold futures edged higher after PPI inflation data out of the US and comments... The post Gold Rises on PPI Data and Fed Comments appeared first on ADM Investor Services.

Gold Prices Stabilize After Hitting One-Month Low On Fed Rate Concerns

Gold prices steadied on Thursday after falling to their lowest level in over a month, as investors adjusted expectations around U.S. interest rate cuts and shifted cautiously away from risk assets. Spot gold was little changed at $3,179.79 an ounce as of 12:18 p.m. London time, hovering near the $3,180 levels after Wednesday’s 2 percent […] The post Gold Prices Stabilize After Hitting One-Month Low on Fed Rate Concerns appeared first on Investor…

Gold price recovers further from one-month low; looks to US PPI and Powell for fresh impetus

Gold price (XAU/USD) is looking to build on its modest intraday bounce from the $3,120 area, or the lowest level since April 10, touched earlier this Thursday, as a turnaround in the global risk sentiment boosts demand for traditional safe-haven assets.