Gold price

Technically, bullish momentum is continuing after breaking the range of $1845-1850 on Friday. Gold needs to trade high to continue this momentum, an.

This week is important due to a few things happening in the macroeconomic landscape. The author makes no representations as to the accuracy, completeness, or suitability of this information. Gold price has preserved its bullish momentum and climbed above $1,910 for the first time since early February on Monday. EUR/USD has regained its traction and climbed above 1.0700 after having retreated to the 1.0650 area earlier in the day. The author will not be held responsible for information that is found at the end of links posted on this page. The author has not received compensation for writing this article, other than from FXStreet. It also does not guarantee that this information is of a timely nature. [XAU/USD](https://www.fxstreet.com/markets/commodities/metals/gold) comes back below $1,845 range, then a consolidation looks possible until it breaks the key support of $1,810. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. This suggests that bullish momentum is likely to continue, however, one should be cautious of a false breakout.” The next resistance is at $1,960.”

Gold rate today is in uptrend due to Signature Bank collapse after SVB crisis that has put US dollar rates under pressure, say bullion experts.

Investors are bidding up gold as they search for safe assets that could benefit if the Federal Reserve pauses interest-rate increases.

A weaker dollar lifts the price of commodities that are denominated in the U.S. Lower bond yields reduce the opportunity cost of holding a metal that pays no income. Gold is getting another boost from the big drop in government bond yields and a decline in the dollar.

Gold prices have risen following the collapse of Silicon Valley Bank - strengthening investor sentiment towards the precious metal.

He said: “There’s currently little to suggest we’re about to see a major breakout in either direction. Forecasting gold’s future price movements, Rowling concluded: “The Fed’s response to Silicon Valley Bank’s failure has looked to have the desired effect in calming markets and reducing the risk of contagion so gold may find it harder to continue its sharp gains. Gold has been one of the few beneficiaries from the collapses of Silvergate and then Silicon Valley Bank, with the precious metal’s safe haven appeal seeing its price surge to close to $1,900 an ounce.

Gold prices have surged after the SVB collapse sent shockwaves through global markets. While rate expectations have eased, XAU/USD is on track to retest ...

[moving average](https://www.dailyfx.com/education/technical-analysis-tools/moving-average.html)), gold futures surged before running into a barrier of Fibonacci resistance at $1,891. [ Recommended by Tammy Da CostaHow to Trade Gold](https://www.dailyfx.com/free-trading-guides#forecastschoices=HOW_TO_TRADE_GOLD) [Economic Calendar](https://www.dailyfx.com/economic-calendar) Above that, the $1,910 handle looms which could drive price action to $1,930. Although the Fed, treasury and banking regulators assured investors that all clients would be granted access to their funds, risks of further contagion has boosted demand for safe-haven assets. [gold](https://www.dailyfx.com/gold-price).

There are two major drivers pushing the gold sector higher, Forex.com senior technical strategist Michael Boutros told Kitco News. "There is the risk of ...

Probably to the negative." For me, the line in the sand is still $1,807." "The storyline can drift really abruptly to the upside for gold. It will also depend on how big the contagion risk is, which is still a big unknown. But if the narrative shifts, a selloff could be "vicious," Boutros pointed out. The Fed will have to continue to raise rates. The strategist is pricing in a rate hike pause but no rate cuts for this year. The market is currently in a heated debate about whether or not the Fed chooses to hike by another 25 basis points on March 22 or halt its tightening cycle. That six-dollar range is critical because it is this year's high-day close and the 2021 high-day close. "This is helpful for gold." And according to analysts, there is a lot more upside in the trade, but certain technical levels must be hit first. [(Kitco News)](/) The gold market is attracting the safe-haven trade in a chaotic market environment amid growing fears of contagion from Silicon Valley Bank's (SVB) collapse.

The price of gold trades back above the 50-Day SMA ($1872) as it rallies to a fresh monthly high ($1913), and the precious metal may once again track the ...

to conclude the hiking-cycle. - The price of gold trades back above the 50-Day SMA ($1872) after reversing ahead of the February low ($1805), and bullion may once again track the positive slope in the moving average as it breaks out of the opening range for March. The price of gold trades back above the 50-Day SMA ($1872) as it rallies to a fresh monthly high ($1913), and the precious metal may once again track the positive slope in the moving average as fears surrounding the US banking sector drags on risk-taking behavior.

Gold price (XAU/USD) has refreshed its five-week high at $1914.70 in the early Asian session. The precious metal has delivered a three-day winning st.

EUR/USD grinds near the highest level in a month, after posting the biggest daily gains in a fortnight, as the US inflation data loom. Gold fades the previous day’s upside momentum, the strongest in four months, as it makes rounds to the five-week high surrounding $1,910 with eyes on the United States Consumer Price Index(CPI). What a difference one week makes – from over 50% for a 50 bps increase to borrowing costs to speculation of a halt to any increases in interest rates. AUD/USD is treading water in the early Asian session after hitting the 0.6700 mark in the last trading session. The author makes no representations as to the accuracy, completeness, or suitability of this information. The author has not received compensation for writing this article, other than from FXStreet. A decisive break above 61.8% Fibo indicates that the asset will recapture the previous swing high ahead. It also does not guarantee that this information is of a timely nature. However, some corrections due to an overbought situation cannot be ruled out. The 10-year US Treasury yields dropped to 3.54% as Fed chair The precious metal has delivered a three-day winning streak and is expected to continue its upside momentum as a sudden collapse of Silicon Valley Bank (SVB) might force the Federal Reserve (Fed) to continue a lower pace of policy tightening if not halt the restrictive regime. Energy and food prices are likely to moderate, with headline inflation also coming in at 0.4% MoM.

The gold price has gained amidst the turmoil of the failure of SVB that saw Treasury yields sink, dragging down the US Dollar. If the carnage alters the Fed ...

No representation or warranty is given as to the accuracy or completeness of this information. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Not surprisingly, it has climbed in this current rally for the precious metal as markets recalibrate in wake of the recent disruptions. The interest rate market is now placing a 70% probability of a 25 basis point lift rather than a 50 bp move that was priced in last week.

By Ambar Warrick. Investing.com-- Gold prices stuck to a near six-week high on Tuesday as concerns over a U.S. banking crisis saw investors scramble for ...

Gold future contract for the month of April on Multi Commodity Exchange (MCX), gold price today opened lower at ₹57,483 per 10 gm levels and went on to hit ...

Gold at six week highs and silver is also at nearly one month highs, banking crisis in the U.S. supported safe-haven buying in precious metals. The dollar index ...

If the data is reported lower than expectations we could witness further support in gold and silver prices. Yields](https://www.financialexpress.com/market/global-stocks-lower-after-wall-st-steadies-amid-rate-fears/3003790/), which supported a move in gold and silver prices. “Gold prices hover around the key level of $1,900 as expectations of less aggressive Federal Reserve rate hikes after the collapse of two big U.S. In INR terms gold has support at Rs 57,320-57,110, while resistance is at Rs 57,810, 57,980. Broader trend on COMEX could be in the range of $1890-1920 and on domestic front prices could hover in the range of Rs 57,200-57,750,” said Manav Modi, MOFSL. Silver has support at $21.44-21.25, while resistance is at $21.82-21.98. Gold prices jumped more than 2%; while silver prices jumped by more than 5%, despite efforts by U.S. In fact, according to the CME Fedwatch tool, there is also a probability of no rate hike being discounted by the market. Gold has support at $1888-1874 while resistance at $1922-1932. Goldman Sachs is expecting no more rate hikes from the U.S. Fed Chairman said that we are watching the situation and there is a possibility for no more rate hikes after the latest banking crisis. Spot gold was down 0.6% at $1,901.91 per ounce, after rising more than 2% on Monday to hit its highest since Feb.

The sudden shutdown of SVB Financial triggered concerns about risks to other banks resulting from the U.S. Federal Reserve's sharp interest rate hikes over ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). Of this, over $4-5 billion was in the last five years. authorities moved to limit the fallout from the sudden collapse of Silicon Valley Bank. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) 4) Buy MCX March Crude Oil futures at Rs 6,050 with a stop loss of Rs 5950 and price target of Rs 6,250. 3) Buy MCX Copper at Rs 755 with a stop loss of Rs 750 and price target of Rs 765. 2) Buy MCX May Silver futures at Rs 66,000 with a stop loss of Rs 65,400 and price target of Rs 67,200. 1) Buy MCX April Gold futures at Rs 57,300 with a stop loss of Rs 57,000 and price target of Rs 57,900. "The dollar weakened on Monday as markets bet the Federal Reserve will slow if not halt its raising of interest rates to curb inflation after U.S. [Double Dhamaka for India at Oscars](/epaper/delhicapital/2023/mar/14/et-front/double-dhamaka-for-india-at-oscars/articleshow/98615760.cms) [Silver](/commoditysummary/symbol-SILVER.cms)futures cooled-off slightly on [MCX](/multi-commodity-exchange-of-india-ltd/stocks/companyid-16571.cms)on Tuesday.The April gold futures were trading at Rs 57,438 per 10 gram and were down by Rs 204 or 0.47% while the May Silver futures were trading at Rs 66,341 per kg, lower by Rs 311 or 0.47% around 9:45 am. "The XAUUSD continued to move in the upside path on Monday, and break through the $1900 mark psychological level, closing at $1914 marks at the end of day," he added.

Commodity and currency analyst Anuj Gupta does not see a rate hike this time around expecting Chair Jerome Powell to cut rates in order to avert any further crisis in the US banking system. After a strong closing on Monday, prices of Gold and Silver ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). authorities moved to limit the fallout from the sudden collapse of Silicon Valley Bank. 4) Buy MCX March Crude Oil futures at Rs 6,050 with a stop loss of Rs 5950 and price target of Rs 6,250. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) 3) Buy MCX Copper at Rs 755 with a stop loss of Rs 750 and price target of Rs 765. 2) Buy MCX May Silver futures at Rs 66,000 with a stop loss of Rs 65,400 and price target of Rs 67,200. 1) Buy MCX April Gold futures at Rs 57,300 with a stop loss of Rs 57,000 and price target of Rs 57,900. "The dollar weakened on Monday as markets bet the Federal Reserve will slow if not halt its raising of interest rates to curb inflation after U.S. [Silver](/commoditysummary/symbol-SILVER.cms)futures cooled-off slightly on [MCX](/multi-commodity-exchange-of-india-ltd/stocks/companyid-16571.cms)on Tuesday.The April gold futures were trading at Rs 57,438 per 10 gram and were down by Rs 204 or 0.47% while the May Silver futures were trading at Rs 66,341 per kg, lower by Rs 311 or 0.47% around 9:45 am. On the year-to-date basis MCX Gold futures have appreciated by 4.41% while Silver futures have cut significant losses and are now down by 4.41%. After a strong closing on Monday, prices of Gold and "The XAUUSD continued to move in the upside path on Monday, and break through the $1900 mark psychological level, closing at $1914 marks at the end of day," he added.

Gold price (XAU/USD) remains mildly offered as traders struggle to justify mixed catalysts ahead of the key US Consumer Price Index (CPI) data during.

GBP/USD continues to trade in its daily range slightly below 1.2200 in the European morning on Tuesday. [Gold News](https://www.fxstreet.com/markets/commodities/metals/gold) [Is this Bitcoin price rally sustainable? The US CPI report has the final word in setting expectations for the Fed meeting. Bitcoin (BTC) price has recovered the losses it experienced by the end of last week. The major is likely to remain on the tenterhooks ahead of the US inflation data. The pair has corrected from near 1.0740 after exhaustion in the upside momentum. The author makes no representations as to the accuracy, completeness, or suitability of this information. Moving on, the US CPI will be more important for the USD/CHF pair traders as the Fed bets have already reversed. However, hopes of more investment in China and the recently increasing hopes of the dragon nation’s gradual recovery, as backed by Bloomberg, favor the XAU/USD bulls. The downside break of a two-day-old ascending trend channel joins a bearish MACD signal and firmer RSI to keep Gold sellers hopeful. That said, the XAU/USD drops 0.25% intraday to $1,909 during the first loss-making day in four heading into the European session. The news also added that the market last week was poised for a 50-bps increase prior to the SVB collapse.