- Gold price fell as much as 1.2% before paring most losses amidbroad ‘risk-off’ sentiment
- A stronger USD appears to be weighing on precious metal prices while Treasury yields are steady
- 85% of retail gold traders (within IG)are net long, whereas 15% are net short
Spot Gold
At Gold Silver Reports, we provide real-time updates on Spot Gold (XAUUSD) with live prices, expert analysis, and daily trading insights. Stay ahead with accurate forecasts, support & resistance levels, and global gold market trends to guide your trading strategies.
Gold Could Post Additional Losses With a Daily Close Below $1,840
The XAU/USD (Gold) pair started the new year on a firm footing and rose more than 2% on the first trading day of 2021. The pairpreserved its bullishmomentum during the first half of the week and touched its highest level in nearly two months at $1,959 on Wednesday.
Gold Spot Below $1852, Door Open $1780 — $1740 – Neal Bhai Reports
Gold Spot Below $1852, Door Open $1780 — $1740. Gold and silver prices suffered steep losses on Friday, tracking a sharp decline in global rates. On MCX, February gold futures slumped 4% or ₹2050 to ₹48,818 per 10 gram while silver futures tanked ₹6,100 or 8.8% to ₹63,850 per kg. In global markets spot gold dropped nearly 4% to $1,833.83 per ounce as a jump in US Treasury yields hammered bullion’s safe-haven appeal.
Gold Technical Levels To Watch 05-January-2021
![MCX Gold Target 98,500 Very Very Soon, Buy on Dips [21 April 2025]](https://goldsilverreports.com/wp-content/uploads/2020/03/gold-052904-gsr.jpg)
Gold Technical Levels : The Senate race will also be closely watched for gold traders, given that a blue wave scenario would likely push real yields further into negative territory and thus underpin the precious metal.
Gold Hits Two-Month High as Dollar Face Pressure
Gold price pushed above $1,900 an ounce to hit the highest level in almost two months, aided by a weaker dollar, after posting the biggest annual advance in a decade. Silver price also surged on the first full trading day of the new year.