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Gold analysis: Balancing geopolitical risks and rising dollar, yields

Gold investors face key dilemma as rising geopolitical risks could keep gold supported on dips, but even higher yields continue to increase the opportunity cost of holding gold. Gold technical analysis point to overbought conditions, so a bit of short-term weakness should not come as surprise.

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April 16, 2024 12:00 AM
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DJIA analysis: Risk off as stocks plunges and even gold reverses

DJIA analysis: Stocks tumble on Middle East jitters, as VIX spikes. US dollar has also extended its rally on reduced rate cut expectations and risk off sentiment. Meanwhile, gold looks like it may have topped out.

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Gold analysis: Charts point to extreme overbought levels – Technical Tuesday

Gold analysis: Technical levels and factors to watch on gold as the metal hits a fresh record high. But at these extremely overbought levels, do watch out for a possible correction. Gold's resistance against rising yields may be short-lived.

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Gold technical analysis: Overbought conditions need addressing

Gold's weekly RSI above 75 is too high for bulls to be comfortable with following its big rally. Additionally, gold may be unable to defy rising yields for too long, as it increases the opportunity cost of holding gold. US CPI coming up later in the week could trigger the next big move in gold.

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Gold analysis: Overbought metal could be hit by profit-taking as silver breaks out

Precious metals again disregard rising yields, as silver stages big breakout and gold rallies to a new record high. Gold technical analysis suggests yellow metal is at extreme overbought levels.

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April 6, 2024 01:00 PM
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Gold analysis: Metal looking over-stretched after big rally

Gold within $5 shy of $2300 in another record hitting session after the ISM PMI missed expectations. Gold technical analysis suggests metal is looking overbought and that a pullback could be on the way soon.

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April 4, 2024 04:00 AM
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Gold forecast: Pullback on the radar - just don’t expect Armageddon

Looking at an equal-weighted gold basket against FX majors, its bullish character has certainly changed since breaking above its previous ATH.

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March 27, 2024 10:24 AM
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Gold and silver analysis: Technical Tuesday, March 26, 2024

Welcome to another edition of Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this week’s report, we will get technical on precious metals.

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Gold outlook remains positive despite dollar strength

While gold displayed mild bearish price action, leading to some calls that it may have peaked, I am unequivocally convinced that its long-term trajectory remains bullish, and it is conceivable that prices could soon reach unprecedented highs again.

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March 26, 2024 01:30 AM
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Gold analysis in focus as FOMC day arrives

Gold has been falling back in the past week and a half after hitting a record high at $2195. The key question is whether today’s FOMC policy decision will cause it to fall back even further, or will it trigger a fresh wave of buying that could propel the precious metal towards a new all-time high.

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March 20, 2024 11:00 PM
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USD/JPY, Gold and GBP/USD analysis - Forex Friday, March 15, 2024

Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report, we will discuss the US dollar, Japanese yen, gold and the pound ahead of a busy next week for central banks.

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Commodities warning of shifting directional price risks

Gold, copper, silver, crude, cocoa – it’s a rarity to not come across a particular commodity that’s suddenly running hard. Every day there seems to be another one joining the increasingly lengthy list, providing a sense we may be at a turning point for the broader commodity complex.

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March 14, 2024 01:26 PM
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Gold, silver and copper analysis: Metals rally on China optimism and weaker dollar

Gold, silver and copper all rally as US dollar drops despite hot inflation, with base metals finding additional boost from optimism about Chinese demand. Silver analysis suggests the grey metal could be in for more gains, while gold analysis point to a new record high.

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Gold analysis: Metal dented after stronger CPI but trend intact

Gold analysis: The precious metal weakened after a stronger than expected CPI report, but the weakness is likely to be short-lived. Indeed, the trend is still quite strong and many traders will be looking fade into short-term weakness.

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March 13, 2024 03:00 AM
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Gold and silver analysis: Can silver follow gold higher?

Silver may be about to play catch up with yellow metal, after a multi-year consolidation. For this week, all eyes are on US CPI which could impact the direction of dollar and therefore gold and silver. Silver technical analysis point to a potential breakout towards $30.

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March 12, 2024 12:00 AM
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Gold analysis: Fresh record in sight as focus turns to Powell, data

Dollar weakens as focus turns to Powell testimony and key employment data. Gold technical analysis suggests metal is about to hit a new record high.

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Gold analysis: Metal nears fresh record but can rally sustain itself?

What factors have contributed to the metal’s ascend? Coming up later in the week, we have Powell's testimony and February jobs report to look forward to. For now, gold technical analysis point higher and suggest we could see a new record high soon.

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Silver surge sparks speculation over potential super squeeze

Silver has recorded its largest gain in months, sparking plenty of excitement on social media and other investment platforms that the move may be the start of a prolonged price rally.

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Gold analysis: Rising yields could send metal below $2,000 again

The opportunity cost of holding gold rises with bond yields on the rise on stronger and amid a racier US equity market. Gold technical analysis suggests a potential break below $2015 could initiate renewed selling pressure

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February 23, 2024 04:47 AM
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Gold analysis: Short-term outlook remains murky despite bounce

Given that the odds of rate cuts have been trimmed by hotter inflation data last week, this is increasing the opportunity cost of holding gold over bonds. Therefore, the short-term gains could evaporate soon. Gold is more likely to hit new records closer to time of rate cuts, though.

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Gold didn’t last long below $2000 despite higher US yields and dollar

Higher bond yields, stronger US dollar, no major escalation in geopolitical tensions in the Middle East. It’s the kind of backdrop you wouldn’t expect gold to thrive in. But its first probe below $2000 per ounce in 2024 didn’t last long, rebounding strongly to push back into the range it’s been operating in since mid-December.

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February 19, 2024 12:40 PM
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Gold analysis: Metal drops below $2K on hot inflation

Bears in charge of metal amid hot CPI and hawkish Fed. Today saw US CPI print 3.1% with core CPI remaining unchanged at 3.9%, both hotter than expected, Consequently, gold sold off along with bonds and equities.

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February 14, 2024 03:00 AM
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Gold outlook dimmed following hawkish FOMC

Attention will turn to the BoE rate decision and US jobs data next. Today we will have the challenger job cuts and jobless claims figures to look forward to, ahead of the official non-farm payrolls report on Friday.

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February 1, 2024 09:37 PM