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Global Market Report – 04 Mar 2021

Gold Spot Gold slid more than 2% to its lowest in nearly nine months on Wednesday as elevated U.S. Treasury yields and a stronger dollar hammered the metal’s appeal. Hopes of a quick economic rebound fueled by a swift rollout of COVID-19 vaccines also prompted...

Global Market Report – 03 Mar 2021

Gold Spot Gold prices rose on Tuesday, inching up from a more than eight-month low, as a retreat in the dollar and U.S. Treasury yields lifted demand for the safe-haven metal. Technical Resistance: 1746/1758 Technical support: 1720/1708 Market headlines: Wall Street...

Global Market Report – 26 Feb 2021

Gold Spot Gold prices fell as much as 2.2% to a near one-week low on Thursday as a surge in U.S. Treasury yields and better-than-expected economic data out the United States dented demand for the safe-haven metal. Technical Resistance: 1790/1800 Technical support:...

Global Market Report – 25 Feb 2021

Gold Spot Gold pared some losses after dipping more than 1% earlier on Wednesday, helped by dovish comments from Federal Reserve Chair Jerome Powell, but bullion struggled for traction as elevated U.S. Treasury yields dampened its allure as an inflation hedge....

Global Market Report – 24 Feb 2021

Gold Spot Gold edged lower in choppy trade on Tuesday as the dollar recovered ground lost in the immediate wake of comments from U.S. Federal Reserve Chairman Jerome Powell, who said the economic recovery was “uneven and far from complete.”. Technical...

Global Market Report – 23 Feb 2021

Gold Spot Gold rose more than 1.5% to a near one-week high on Monday, as expectations for rising inflation triggered equity valuation concerns and drove investors toward the safe-haven metal, while a weaker U.S. dollar lent further support. Technical Resistance:...