Gold is well supported and has room to run higher this week as analysts point to the Federal Reserve meeting and the spread of the new corona virus as the two key issues to keep an eye on. The yellow metal battled against risk-on sentiment last week but managed to hold above $1,550 an ounce level and even rise about 0.8% on the week. February Comex gold futures were last trading at $1,572.40, up 0.45% on the day. This week, analysts are keeping a close eye on the Federal Reserve interest rate decision on Wednesday, the spread of the new coronavirus, and the possibility of any new...

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The U.S. dollar has been stealing gold's thunder again as it took on a role of a safe-haven, with analysts warning to keep a close eye on the $1,269 level, which if broken can be a gateway to even lower prices. The yellow metal has been struggling this week as equities rebounded, the U.S. dollar climbed higher, and geopolitical tensions seemed to favor the dollar over gold. June Comex gold...

Heightened global trade tensions are pumping volatility into financial markets, but there is still not enough fear to drive gold prices materially higher, according to some analysts. Falling equity markets are helping gold prices end last week in positive territory, but the market remains trapped in a channel, unable to break critical resistance levels above $1,290 an ounce. June gold futures...

There is a bullish gold trend developing in the background as markets focus on U.S. inflation data this week following Federal Reserve Chair Jerome Powell's comments dismissing low inflation as "transitory." Last week investors saw a slate of positive data out of the U.S., with the Fed holding rates unchanged, Powell sounding optimistic, and jobs data coming in stronger-than-expected. Gold has...

Wall Street and Main Street are both bullish in the weekly Kitco News gold survey, looking for the metal to continue the bounce from the year-to-date low it hit at the start of last week. The Comex June futures bottomed at $1,267.90 an ounce on Tuesday, but “ assuming they hang onto Fridays gains “ then proceeded to rise for three days in a row. Eighteen market professionals took part...

Wall Street leans slightly bearish and Main Street slightly bullish in the weekly Kitco News gold survey. Neither the bulls nor the bears had an outright majority in either survey, however. The Wall Street bulls figure gold is due for a corrective bounce higher, while the bears look for the downward momentum to continue due to technical-chart damage and recently stronger equities. Fifteen...

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