Gold edged higher in early Asian trade. Prices could trade within a narrow range before the release of key U.S. economic data, XS.com said.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
The report showed that production index moved back into the positive territory amid rising factory activity.
The gold market has been somewhat sideways over the last week or so, as we are trying to do everything, we can to work off that massive froth that we have seen. The overall trend is still strong as well, and therefore it looks like more of the same.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Gold prices dip as U.S. dollar strengthens and Middle East tensions ease. Analysts eye U.S. data this week for signals on gold's next move.
Gold was lower in early Asian trade. The market is awaiting a slew of key U.S. economic data this week.
Asian markets react to global risks: Hang Seng, Nikkei drop amid US election fears and China stimulus hopes. Explore market-moving insights.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Gold's bullish setup suggests potential for higher targets if resistance at 2,758 breaks.