Gold

The commitment of traders (COT) report shows how large speculators are positioned across futures markets on the CME exchange.

The price of gold snaps a three-day rally to hold below the December high ($2726) ahead of the inauguration of US President Donald Trump.

Inflation hedges shine despite a strong dollar and elevated yields, but with key resistance levels in play, the Trump tariff threat looms as a make-or-break moment.

Gold, Silver Forecast: Following the triangle formation in gold prices between December 2024 and January 2025, gold has taken a bullish turn, breaking above the $2,700 mark and eyeing its all-time high once again.

Democratic presidential election wins have led to an average gold price increase of +1.5%, while Republican wins brought a -5.5% decrease on average between election day and inauguration day

Bond yields are unlikely to fall back significantly in the near-term, even if we see a small miss in US inflation data today. This should keep the upside limited for gold. Therefore, we are still quite cautious when it comes to near-term gold outlook, even if we ultimately expect to see gold rising to $3,000 later this year.

Last week I warned that gold’s gains appeared dubious, and that they could sucker-punch bulls. And it seems they did. And while I suspect another leg or two lower, we could find its downside limited when we weigh up the supporting factors for gold.

The recovery in the price of gold seems to have stalled ahead of the December high ($2726) as it no longer carves a series of higher highs and lows.

Gold prices are poised to breakout of a multi-month consolidation formation with NFPs on tap Friday. Battle lines drawn on the XAU/USD short-term technical charts.

GBPUSD, Gold Forecast: The British pound is struggling against a strong U.S. dollar, holding onto key 2024 support levels, while gold is forming a triangle pattern, leaving markets on edge for a decisive breakout. Non-Farm Payrolls (NFP) on Friday add further volatility risks.

Gold has registered growth of over 1% in recent hours, positioning itself above $2,650 per ounce.

Commodity currencies continued to feel the heat of the Trump trade, while asset managers stepped away from stocks in a month usually associated with strong gains. Gold seems likely to remain supported in the current environment, but for now we seem to be in a holding pattern waiting for fresh catalysts to kick off 2025.

After a blistering bullish trend held for the bulk of last year in gold, prices have been consolidating for more than the past two months, which can be construed as a bull pennant.

While last year it lagged gold in reaching new record highs due to economic concerns in China, silver’s long-term prospects appear promising. The question remains: can silver climb to $35 or higher this year? Here’s an in-depth look at the factors shaping the silver forecast.

Gold gained 27.23% in 2024, the strongest yearly gain since 2010. But the prior episode led to a significant top in 2011 as gold prices then went nine years without a fresh ATH.

Gold defended support for a sixth week with the January opening-range taking shape just above. Battle lines drawn on the XAU/USD weekly technical chart.

It was a banner year for gold prices which are currently showing a 26% gain for 2024 – but it was the 40% rally from February into October that dominated the narrative for gold prices this year.