After an impactful week that featured the FOMC rate announcement and April’s nonfarm payrolls report, analysts are looking at the dollar and technical indicators to gauge the likely direction of gold prices on Monday. As per Gold Update by Prithviraj Kothari, spot gold initially pulled back below $2,300 per ounce early during Monday’s trading session […]
Key Drivers Awaiting to influence Gold Read More »
After an impactful week that featured the FOMC rate announcement and April’s nonfarm payrolls report, analysts are looking at the dollar and technical indicators to gauge the likely direction of gold prices on Monday. Spot gold initially pulled back below $2,300 per ounce early during Monday’s trading session but has since shown signs of life.
Wave like movements for gold Read More »
Gold Prices are up by 25% over the last six months, currently hovering above $2,400 per ounce. Safe-haven gold gained on Thursday as persistent tensions in the Middle East added to the metal’s appeal despite robust economic data from the U.S. that raised prospects of fewer interest rate cuts. Among the other factors demand for
Gold leaves markets perplexed Read More »
The past week in the gold market was significantly shaped by the Federal Reserve’s cautious approach to interest rate cuts. Federal Reserve speakers, including Fed Governor Christopher Waller and Fed Governor Lisa Cook, emphasized the need for more evidence of cooling inflation before considering rate reductions. Gold prices were set for a weekly gain on
Key Drivers Awaiting to influence Gold Read More »
Over the past two consecutive months, gold prices exhibited gains, culminating in a record-high of $2,137 in December. However, the intense sell-off post this peak has pushed the gold price into negative territory for the month when viewed from a monthly timeframe perspective. As per Gold update by Prithviraj Kothari, Gold has rallied in the
Glitters sends Jitters Read More »
Gold climbed to its highest level since May ok Tuesday , amid USD weakness and lower US Treasury yields. As per Gold update by Prithviraj Kothari, Gold rose for a fourth consecutive session on Tuesday and hit a more than six-month high, driven by a retreating dollar and expectations that the U.S. Federal Reserve has
Dollar Data Demand The 3 Important D’s for gold Read More »
Good and dollar have long been inversely proportional to each other. Gold is the quintessential “anti-dollar” — a place to turn for those who distrust fiat currency — so it seemed natural that prices would rise in a world of low real interest rates and cheap dollars. The unraveling of the relationship between gold and
Good and dollar have long been inversely proportional to each other. Read More »
Gold prices edged higher on Monday, helped by a retreat in the dollar and bond yields, while investors awaited a slew of U.S. economic data this week for more clues on interest rate outlook. Gold has started the new week on a strong note as the FX market largely remains range-bound in part due to
It’s a data-packed week Read More »
Last week gold witnessed a series of whipsaws as traders are being dependent on US data releases. Gold swung into action in the range of 1900-1950 $. Gold was little changed on Monday as investors awaited U.S. inflation data that could influence the Federal Reserve’s policy stance, The Labor Department’s employment report on Friday showed
All eyes on important US data Read More »
The week opened on a slightly negative band for gold as prices fell on Monday, sticking to a tight trading range seen over the past three weeks as markets turned cautious ahead of upcoming U.S. consumer inflation data and a Federal Reserve meeting. Last week gold was supported by soft labor data. This pushed gold
Some turbulence is expected soon Read More »