Gold dithers as markets await Trump's speech

Economies.com
2017-01-20 14:39PM UTC

Gold prices wavered on Friday before the weekend as markets await Donald Trump's inauguration today, while markets move sideways, with the dollar dithering as well.
 
Gold last traded at $1,203.8 an ounce, compared to the opening price of $1,203.4, with an intraday high at $1,208,9, and a low at $1,198.5.
 
Gold was wavering all the week after hitting a two-month high before returning lower and losing the gains, while moving sideways, as markets await Trump's inauguration.
 
The dollar wavered as well amid a lack of U.S. data, while the dollar index heads for the fourth weekly fall in a row, amid mixed expectations about the new U.S. policies, specially after Trump said the dollar is overpriced.
 
On the other hand, gold drew support from profit-taking in stocks amid instability regarding the U.S. new administration of Trump, with investors seek safe havens currently like gold.

Commodities News

Copper News

Commodities

Copper edges up while facing pressures from Chinese demand concerns
2024-03-28 16:45PM UTC
Copper prices rose modestly on Thursday while the dollar gained ground, with ongoing concerns about ...
Oil News

Commodities

Oil prices extend gains after strong US growth data
2024-03-28 13:03PM UTC
Global Oil Prices Global oil prices extended their gains in American trade on Thursday and hit ...
Gold News

Commodities

Gold climbs as dollar stabilizes ahead of important data
2024-03-27 21:29PM UTC
Gold prices rose on Wednesday as markets await important US data this week while the dollar trades ...

Commodities Technical Analysis

Oil Analysis

Commodities

End of day crude oil price forecast update - 28-03-2024
2024-03-28 17:43PM UTC
Crude oil price breached 82.40$ strongly to rally upwards and approach our waited target at 83.56$, ...
Brent oil Analysis

Commodities

Brent oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Brent Oil Price Analysis Brent oil price fluctuates within tight track since morning, settling ...
Oil Analysis

Commodities

Crude oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Crude Oil Price Analysis Crude oil price settles around 82.00$ level since morning, and ...