Tag: profit-taking
-
Gold Falls as Profit-Taking and a Stronger USD Weigh on Prices
Gold Retreats as Traders Lock in Gains and the Dollar Strengthens Gold prices slid on Friday after a period of sharp gains, as traders took profits and a firmer U.S. dollar weighed on the precious metal. The move underscored how quickly sentiment can shift in volatile markets, especially when leveraged positions unwind and risk appetite…
-
Gold Gives Back Gains as Profit-Taking and a Firmer Dollar Weigh on XAU/USD
Gold price reverses course amid profit-taking and a stronger dollar Gold (XAU/USD) has come under renewed selling pressure as traders lock in profits following a sharp advance earlier in the week. The precious metal, which briefly traded at elevated levels amid heightened volatility, has given back a significant portion of its recent gains as a…
-
Gold Drops After Record Rally: Profit-Taking and a Stronger Dollar Weigh on Gold Prices
Gold Slips from Record Highs as Profit-Taking Returns Gold (XAU/USD) is under renewed selling pressure as traders lock in profits after a week of sharp moves and a surge in global dollar strength. The metal, which had rallied to all-time or multi-decade highs in certain markets, pulled back as leveraged positions faced forced liquidations. The…
-
Profit-Taking Narrows Early Gains as PSX Closes Mixed
Market overview The Pakistan Stock Exchange (PSX) ended a volatile trading session on Monday with the benchmark KSE-100 index giving up early momentum and closing modestly lower. After a positive opening that nudged the index higher, late-session selling pressure wiped out most of the initial gains, leaving investors on edge about the near-term direction of…
-
PSX Profit-Taking Wipes Out Early Gains in Monday Trade
PSX Ends Higher Open, Surrenders Gains by Session’s Close Trading on the Pakistan Stock Exchange (PSX) turned choppy on Monday as profit-taking and late-session selling pressure erased what began as an upbeat opening. The benchmark KSE-100 index surged at the start but gave back gains as traders paused to reassess valuations, global cues, and domestic…