XAU Trading Outlook Archive

Oil prices plunged to 80.72 from 83.97 dollars a barrel. Gold (XAU) dropped to 1604.28 from 1620.61 US dollars an ounce. Against the euro, gold dived to 1265.04 from 1275.82 euro an ounce. Silver (XAG) down to 28.0035 from 28.4532 dollars an ounce.

Oil & Gold (XAU) Gold bucked the weak USD trend falling from $1630 to $1620oz as European bonds yields pulled back and demand for the precious metal eased. OIL/USD rallied with US stocks and is looking to rally now a base has been put in… Read more

Oil & Gold (XAU) Gold held onto gains as well with European Bonds under pressure helping investor demand for alternative investments. OIL/USD was under pressure reversing early gains with the market still unsure on Oil demand and direction given the turmoil in Europe. Support was… Read more

Oil & Gold (XAU) Gold is ranging above $1600 with the USD weakness supporting but potentially some safe haven demand will drop for the precious metal if Bonds perform better. OIL/USD is back near $85 with the commodity expected to trade in the same direction… Read more

Oil & Gold (XAU) Gold moved to the next level above $1620 as the USD was sold broadly. The recent high was $1630 and this will prove key in coming sessions for the resurgent precious metal. OIL/USD was quiet as the market waits for today’s… Read more

Oil & Gold (XAU) Gold rallied on the QE3 talking in the US session to move back above $1610. OIL/USD moved higher with stocks ahead of the OPEC meeting tomorrow which could provide plenty of volatility.

Oil & Gold (XAU) Gold opened above $1600 before falling back to $1580 as USD strength outshined Gold safe haven demand. OIL/USD crashed $4 lower as risk was taken off the table and Saudi officials talked of additional capacity to produce.

Oil & Gold (XAU) Gold recovered from its large drop in Asia on Friday to gap above $1600 on Monday morning in confusing trade for the precious metal. The sentiment is very fragile and more volatility is expected around the $1600 level. OIL/USD is doing… Read more

Oil & Gold (XAU) Gold has been sold off dramatically since QE3 was not mentioned by FED Chief Bernanke overnight with much of the recent rally based upon hopes of expansion of the US QE program. Support has been found at $1553 in Asia so… Read more

Oil & Gold (XAU) Gold surged against the USD but found resistance at $1640 and reversed sharply later in the day on profit taking flows down to $1615 before stabilizing. OIL/USD moved higher but contained settling just above the $85.50 level.