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Gold analysis: Precious metals, stocks climb as yields and dollar drop
Gold was up nearly 1.3% by late afternoon trading in London, near $2040 while silver was closing in on the $25.00 level. The precious metals have been supported by two factors: Bond yields and US dollar, both falling.
Gold Forecast: $2000 acting as a barrier for Gold
Gold edges towards $2000 in holiday thinned trade, but the rally appears to be running out of steam.
Gold falters around $2,000, although seasonality could be on its side
Gold enjoyed its best month in seven in October, with its 7.3% rise forming a clear bullish engulfing candle and was its third best month of the year. Whether it can extend its rally and make a run for a new record high remains to be seen, but we have seen gold failed around the $2075 highs three times since 2020. What would be so different this time?
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Gold Price Forecast: XAU/USD Moment of Truth at Trend Support
Gold prices snapped a four-week winning streak with XAU/USD now testing multi-month uptrend support. Battle lines drawn on the weekly technical chart.
Gold Analysis: It looks tough at the top for gold
Gold has continued to hit the headlines as it teases investors with a record high. But that doesn’t mean gains will be plain sailing from here, even if we remain bullish this year overall.
Gold outlook, USDCAD outlook: Two trades to watch
Gold eases ahead of the NFP, but remains in an uptrend. USDCAD falls ahead of jobs data.
Gold forecast, Oil forecast: Two trades to watch
Gold holds above $2000 ahead of the Fed rate decision. Oil steadies at a 5 week low ahead of the Fed, EIA data.
Gold outlook: Above $2K again as dollar eases
The gold outlook has improved because of a drop in US dollar and bond yields, following the release of more disappointing US data.
Gold, GBP/USD forecast: Two trades to watch
Gold looks to fresh yearly highs ahead of PPI, jobless claims data. GBP/USD rises despite UK GDP stalling in February.
Gold outlook: Metal closes in on all-time high
Renewed weakness in bond yields and US dollar, thanks to soft US data, has brightened the gold outlook
Two Trades to Watch: DAX, Gold
DAX drops as banking fears linger. Gold rises above $2000.
Gold finds relief as dollar rally pauses – for now
For gold to make a stronger recovery, we will have to see a surprise miss on Friday’s NFP
Two trades to Watch: Gold, DAX
Gold looks Fed Powell for clues. DAX steadies around the 2023 high.
Two Trades to Watch: FTSE, Gold
FTSE rises after upbeat Chinese services data. Gold rises ahead of US ISM services PMI.
Two Trades to Watch: EUR/GBP, Gold
EUR/GBP looks to a new Brexit deal. Gold falls ahead of US durable goods orders.
Gold finds relief but risks tilted to downside
But will today’s FOMC minutes match the recent hawkish Fedspeak? And – more importantly for gold traders – will the dollar and yields have further to run on the Fed story?
Two Trades to Watch: EUR/USD, Gold
EUR/USD rises ahead of German IFO business climate data & FOMC minutes. Gold awaits the Fed minutes.
Gold extends drop on strong US data
Retail sales become latest data to beat expectations, adding to sticky inflation narrative
Two trades to watch: GBP/USD, Gold
GBP/USD rises after UK wages increase. Gold awaits US inflation data.
Is gold set for a ‘sympathy bounce’ towards 1900?
Whilst we suspect gold could eventually head for $1800, it shows the potential to revert to $1900 first.
Precious metals remain under pressure
Investors now expect the Fed to maintain contractionary policy longer than expected to dampen inflationary pressures arising from tight labour market.
Two trades to watch: USD/CAD, Gold
USD/CAD falls ahead of speeches from Fed Chair Powell & BoC’s Macklem. Will Gold fall after Powell’s speech?