After touching above 2K, yellow metal returned under this key and psychological level, last seen in August 2022. As banking concerns have been lifting the Gold demand, with fewer concerns and more signs of confidence, trends reversed. Also, before the latest Federal Reserve policy meeting, European Central Bank President Christine Lagarde said on Monday that […]
With China reopening, lower energy prices, the strong job market in most developed economies, and the relative growth of retail sales, our global economic outlook changed. Now we are less worried about the severity of the upcoming economic recession. Gas prices helped the Europeans fulfill their storage and replenish the gas crisis. Also, lower energy […]
In line with encouraging economic data, last week’s published Fed Minutes of its February meeting also was more hawkish than expected. Together, these data helped the US dollar and treasury yields rise and pressure the gold prices. According to the published minutes, FOMC members believe that tackling inflation needs more time and effort, which means, […]
Bulls will have hard days ahead! The gold price was in a clear uptrend from November 2022 until last week, when market participants started to believe that Fed tightening policies would continue as inflation concerns again increased. This thought and feeling increased the USD index above the 103 Mark and pushed the gold lower to […]
2023 started with many surprise data from different economies, Chinese reopening, decreasing inflating across the globe, and upward revisions by the World Bank to better economic growth expectations. This article will review the most known symbols and watch what we expect in February. US DOLLAR The US dollar started the year with a 2% gain […]
Is that the end of the bulls’ story for now? The gold price rose on Wednesday and Thursday after Fed decisions and USD weakness, but we have many signs there that it can be the end for now, and seeing the gold price above 2,000 US dollars, even though it seems probable, takes more time. […]
The gold price is back above $1,900, which was last seen in April 2022. This positive reaction on the year’s first days can raise hopes for a bright 2023 for the yellow metal. There are several reasons to be optimistic, but we can count on very likely recession and geopolitical tensions that increase gold’s safe-haven […]
A weaker USD is not the only incentive for bulls; fears of global recession also increase the yellow metal’s safe-haven demands. Economic data in most developed economies are getting weaker, which has various consequences. A weaker economy means we can face a recession, even if it would be soft, but still, it is a recession […]
Chinese economic growth is one of the main engines of world economic growth. China’s industrial activities from January till November fell more than expected, reducing China’s GDP to just 3% growth in the first three quarters and Business confidence to its lowest level since January 2013. However, analysts expect brighter economic prospects after a U-turn […]
While Gold ended last week with a positive sentiment, this week started with a downward movement. However, the condition is so mixed that investors and traders mostly wait for Wednesday’s Fed announcement. Fed Wednesday’s meeting is a crucial driver! Last week’s price rise was primarily due to increasing recession concerns, as more tightening policies mean […]
Everything is about Inflation and Interest Rates! Fears over a deep recession have made policymakers think twice before going towards more tightening policies. Therefore, the outlook of less hawkish policies changed the market sentiment at the end of November. Many analysts and market participants believe that Fed will likely slow its rate hike pace by […]
Tension in Poland cooled, as the country’s prime minister said there was no evidence of a deliberate attack and therefore NATO’s Article IV may not be activated. However, the authorities also pointed out that if it is determined that the perpetrator is Russia, it does not rule out triggering Article V of NATO, which allows […]
While USD officially touched its lowest in almost three months with the USD Index at 106.70, the gold price was also above $1,775 trying to touch the 3 months high. After USD weakness following the market reaction to the US consumer inflation and initial jobless claims, equities’ prices also increased. SP500 also after returning from […]
Positive sentiments in the stock markets, eyes on inflation and labor markets. Geopolitical tensions and inflation fears across the globe will likely keep the high volatility over the remainder of 2022. Even if they were a bit softer and more cautious in recent meetings, central banks continue to set measures to control inflation, which can […]
On Tuesday, November 1, simultaneously with the beginning of the two-day meeting of the Federal Reserve, the US dollar slowed a bit and Gold regained all of its yesterday loss, moving still higher. For the gold market, now everything depends on the Fed’s decision and its statement. Rapidly rising interest rates by major central banks, […]
Last week, the currency market experienced high volatility days, with the dollar index ranging from 112 at the beginning of the week, to 114 towards the end of the week. USD side movement continued this week as well and despite lowering on the first day of the week, later could regain and hold its value. […]
The month that we should wait for the Fed meeting at the beginning of next month! After the peak and decline in September, it sounds that financial markets in October also will be affected by the USD movements. Looking at the US dollar chart can give us an overall outlook on global economic conditions. On […]
Fears of Elizabeth Truss’s economic plan in the UK that can stretch Britain’s finances to the limit, caused the pound to drop sharply and helped the safe-haven US dollar to a new two-decade peak against a basket of major currencies. This sharply increases the US dollar value to a new 20-year high at the beginning […]
Gold prices were volatile last week, as conflicting factors used to work simultaneously. While ECB and other central banks’ hawkish tones put pressure on gold prices, the dollar’s decline boosted prices. Gold moves in a clear downtrend with the pivot point at 1,700 US dollars. This week, while on Monday and the first half of […]
The gold downtrend reversed on Wednesday and then, after Thursday’s correction, continued its way on Friday towards $1,730. This gold price action directly reacted to the US dollar and Bond yields. Since we are not sure about the market reaction to the FED policies, therefore not sure, we should get too excited about gold’s resurgence. […]
