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Gold trading outlook: futures re-test 2-week lows ahead of BoE policy decision

July 14, 2016 9:10 am
On Wednesday (in GMT terms) gold for delivery in August traded within the range of $1,328.00-$1,347.55. Futures closed at $1,343.60, rising 0.71% compared to Tuesday’s close. It has been the 137th gain in the past 293 trading days and also the steepest one since July 1st, when the commodity advanced 1.39%. The daily low has […] Read more

Gold trading outlook: futures rebound from 2-week lows ahead of Fed speakers

July 13, 2016 9:23 am
On Tuesday (in GMT terms) gold for delivery in August traded within the range of $1,331.00-$1,358.70. Futures closed at $1,335.30, plummeting 1.45% compared to Monday’s close. It has been the 156th drop in the past 292 trading days, a fourth consecutive one and also the steepest one since June 21st, when the commodity fell 1.51%. […] Read more

Gold trading outlook: futures still in consolidation mode ahead of key events

July 12, 2016 9:28 am
On Monday (in GMT terms) gold for delivery in August traded within the range of $1,352.00-$1,376.40. Futures closed at $1,355.45, inching down 0.08% compared to Friday’s close. It has been the 155th drop in the past 291 trading days and also a third consecutive one. The daily high has been the highest price level since […] Read more

Gold trading outlook: futures advance to fresh 1-week highs in quiet trade

July 4, 2016 9:25 am
On Friday gold for delivery in August traded within the range of $1,323.00-$1,346.95. Futures closed at $1,339.00, rising 1.56% compared to Thursday’s close. It has been the 133rd gain in the past 285 trading days and also the steepest one since June 24th, when the metal advanced 4.66%. The daily high has been the highest […] Read more