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- Bahrain All Share Index, Islamic Index close lower
- European shares close higher
- Nvidia to invest $5 billion in Intel
- NBK-Egypt funds 4th stage of solar power plant at Shefaa' Al-Orman Hospitals
- Al Maha signs diesel supply agreement for Fahud heavy oil production Facility
- Gold price in Qatari market increases by 0.44% this week
- As of today, Estithmar Holding's listing on FTSE Mid Cap Index is effective
- Mena's electricity demand surge as countries diversify sources: IEA
- Kuwait Oil Minister Expects Demand Boost after US Rate Cut
- Al Seer Marine announces delivery of its third ammonia-capable VLGC
04/08/2015 15:28 AST
Gold has halted the recent decline and has been consolidating in a range between 1080 and 1105 for the past week or so, with the price direction quite volatile and trading opportunities limited. Gold is clearly attempting to form a base here for a rally back towards 1130-1040, however a break of recent lows near 1080 will suggest another sharp down leg is underway, with 1050 the first target and 1000 below that.
A general weakness in commodities, primarily driven by Chinese economic uncertainty, is helping to depress the gold price, with the Eurozone situation a lot calmer since Greece went to the edge of the abyss and peered over a few weeks back.
Equities remain weak as the uncertainty in China weighs on prices, whilst oil continues to tumble with the price now well below $50 a barrel and looking very weak.
Support can be found at 1080, 1074, 1045, 1000, 950, 867 and 806. The break of 1130 is very bearish for gold and suggest a return to 1000-1050 in the first instance.
Resistance can be found at 1103-1106, 1110, 1130, 1142, 1147, 1163, 1170, 1175, 1184, 1204, 1208-1210, 1215, 1220-1223, 1235 and 1252-1256. Gold has broken below the 2014 lows and looks be headed much lower.
Investing.com
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Gold | 3,649.4 | 12.5 | 0.34 |
| Silver | 42.39 | 0.69 | 1.65 |
| Platinum | 1,398.5 | 2.5 | 0.18 |
| Palladium | 1,188 | -13 | -1.08 |
19/09/2025
The price of gold in the Qatari market increased by 0.44 percent this week to stand at USD 3,660.00000 per ounce on Thursday.
Qatar National Bank (QNB) data showed that the price of Gold inc
QNA
17/09/2025
Gold prices in Dubai stayed high Tuesday evening, with 22-karat gold not looking to drop below Dh400 per gram anytime soon. It closed at Dh412.25 per gram, while the price of 24-karat gold touched Dh
Gulfnews
15/09/2025
Gold prices in Dubai stayed high Monday morning, with 22-karat gold not looking to drop below Dh400 per gram anytime soon. It opened at Dh406.25 per gram, while the price of 24-karat gold touched Dh4
Gulfnews
11/09/2025
Gold prices in Dubai stayed high even by Tuesday evening, with 22-karat gold staying above Dh400 per gram for the fourth straight day. It settled at Dh406.75 per gram, after hitting a high of Dh408 a
AFP
10/09/2025
Gold was set for another record high on Tuesday, holding well above the $3,600-mark crossed in the previous session, as growing bets of a US rate cut weakened the dollar and pushed bond yields lower,
Asharq Al Awsat
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia