Read more
5:35 PM · 29 September 2021

📉Gold lowest in 7 weeks📀

GOLD
Commodities
-
-

Gold fell sharply during the US session as odds are rising that the Fed will soon start tapering. Powell made it clear in today's speech that most of the goals have already been met and the reduction of the QE program may be announced soon. This is obviously fatal news for gold, based on the experience from 2013. Of course, the scale of the sell-off may be smaller, taking into account the much larger balance sheet of the central bank compared to the aforementioned period.

Gold reached the lowest level since August 10 and is following the decline in TNOTE prices (bond yields increase). One can also notice that tech stocks (yellow chart) are also under pressure. The nearest support lies at the 78.6 retracement, but the key support zone can be found around $ 1690-1700 area, where the August and March are located. Previously, the price bounced three times off this level and therefore this zone will be carefully watched by traders. Source: xStation5

20 November 2025, 3:31 PM

BREAKING: NATGAS muted after almost in-line EIA data release 💡

19 November 2025, 12:26 PM

Will the Fed minutes confirm a pause in further easing? 🔎

18 November 2025, 6:50 PM

Daily summary: Wall Street tries to rebound 📈Amazon and Microsoft under pressure of Rotschild & Co Redburn

18 November 2025, 6:36 PM

Cocoa tries to stabilize after autumn sell-off 📌

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits