Gold edges down for the third straight day amid a modest pickup in the USD demand. The risk-on impulse further exerts some downward pressure on the safe-haven metal. The uncertainty over the size of further rate hikes caps the USD and extends support. Gold slips into negative territory for the third straight day on Friday… Read More »
Gold still faces a determined Fed tightening policy and a strong USD. If market sentiment shifts to a 50 bps rate hike as opposed to 75 bps, this may act to limit the near-term downside for the yellow metal, in the view of analysts at HSBC. Near-term upside for gold is limited “As the Fed… Read More »
Gold price remains sidelined while keeping the previous day’s bounce off 50-DMA. US dollar struggles to regain traction even as Fed policymakers resist welcoming easy CPI/PPI. Yields retreat from three-week high to print the first daily loss in four. US Michigan Consumer Sentiment Index eyed to confirm receding fears of inflation. Gold price (XAU/USD) remains… Read More »
Gold price is looking to defend the key support yet again amid listless trading. Treasury yields, US dollar heal post-soft US CPI-led wounds ahead of Fed minutes. XAU/USD battle lines are well-defined near the $1,800 mark, where next? Gold price is moving back and forth in a familiar range while trading close to the $1,800… Read More »
Gold price remain mildly offered as bears attack short-term key support line. Market’s inaction amid a light calendar restricts immediate XAU/USD moves. Inflation, Fed and China are in focus after the recent risk-positive data stream. Preliminary readings of August month Michigan Consumer Sentiment Index will be important for clear directions. Gold price (XAU/USD) stays depressed… Read More »
Gold could be on the verge of a significant downside correction. The US dollar bulls are emerging as markets digest Fed speak and inflation data. The gold price is back to flat in the close on Wall Street following a move in the US dollar and yields that have shaken out some weak hands that have… Read More »
Treasury bonds decline even after another reading below expectations of US inflation. Gold fails to rise above $1800 and correct lower. Immediate support is seen at $1785, followed by $1774. Gold turned negative for the day after a reversal from near $1800. XAUUSD peaked at $1799 during the American session and then turned to the… Read More »
Here is what you need to know on Thursday, August 11: Equities Looks like the rally may be finally running out of steam as gains are harder to come by this morning. No surprise as the Nasdaq is up over 20% from its low. People are streaming but not dating if the latest results from… Read More »
Gold attracts some dip-buying and climbs to $1,800 neighbourhood amid sustained USD selling. Diminishing odds for a larger Fed rate hike, sliding US bond yields continue to weigh on the USD. The risk-on impulse seems to be the only factor capping the upside for the safe-haven commodity. Gold reverses an intraday dip to the $1,784-$1,783… Read More »
SPY ETF continues to rally as benign CPI reports file more risk. Will the Fed agree that bond markets remain calm as volatility drops? Fed on summer holidays, so no rate decision until September. Equity markets continued to rally on Wednesday as a benign CPI report helped further fuel hopes for a dovish Fed pivot and a… Read More »
