Gold 1 Oz (xau=x) Price Target $2500

Spot gold XAU= slipped 0.1% to $1,727.63 per ounce by 1221 gmt. U.S. gold futures GCv1 were down 0.5% at $1,727.50.“We are seeing U.S. stocks breaking key levels to the upside, so that is adding little bit of selling pressure to gold which has...

Xau/usd, Gold (part 5)

The two main reasons why the golden rally stalled yesterday. Firstly, it is a movement higher in oil, which has not brought any benefits due to the long-established inverse correlation between metal and oil. Consequently, a significant recovery in...