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Recession Trade Keeps Risk Assets Under Pressure
Fears over a recession continues to drive financial markets, with commodities feeling the heat
Volatility subsides in Asia, Gold plunges through $1800
Volatility seen across European markets have yet to make their way to Asia. Yet gold’s notable crash through 1800 is yet to tempt any meaningful bids.
European Open: Gold holds above $1800 (for now)
Gold saw a false break of 1800 on Friday. The last time that happened in May, it marked a 6-week low.
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Stocks extend slump; Gold & Bitcoin join in
Stagflation concerns and rate hikes continue to weigh on risk appetite
Two trades to watch: EUR/USD, Gold
EUR/USD falls ahead of German inflation data, central bank speak. Gold looks to Fed Powell & Co at the ECB forum.
European Open: Gold remains rangebound, $112 pivotal for WTI
Gold remains stuck in a choppy range which makes it more appealing for range-trading strategies, whilst WTI has risen to a 5-day high and probes a key resistance zone.
Gold: What does Russian gold exports ban mean for metal, miners?
Russia might be the world’s second-biggest bullion miner, there are plenty of countries that could step in to meet any shortfall in physical gold supply.
What’s going on with gold?
the metal has been stuck around its 200 MA as traders digest conflicting macro factors.
Two trades to watch: Gold, EUR/USD
Gold falls ahead of Powell. EUR/USD falls towards 1.05 ahead of EZ inflation.
Technical Tuesday: DAX, Gold and EUR/USD
Welcome to 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 edition, we are getting technical on the DAX, Gold and EUR/USD. So, there’s something for everyone.
European Open: Futures point lower with a turbulent start to the week
Appetite for risk remained on the back ropes as Asian markets reacted to the hotter-than-expected inflation print from the US on Friday.
Two trades to watch: Gold, DAX
Gold edges lower ahead of US CPI. DAX extends declines after ECB rate decision and as inflation fears remain.
Gold Wrap: Gold nears a 1-month high ahead of NFP
Soft US data and a weaker US dollar has helped gold rise against the US dollar ahead of today’s NFP report.
Gold holds above the 200 DMA at the start of the NFP week
Gold rose 0.4% last week, marking the second straight week of gains. The
European Open: EUR/USD eyes break of 1.06, potential bull flag on gold
The dollar is on track to break a 6-week winning streak, and the euro and gold may present a couple of opportunities around that theme.
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Gold: Now or Never
With everything going on in equities space, gold may finally rise from the ashes and shine
Gold eyes bounce around $1800 as stocks remain volatile
gold has been a victim of a strong US dollar and rising bond yields, making this non-interest-bearing commodity less appealing for yield seekers.
Asian Open: US CPI didn’t provide the clear outcome traders hoped for
There was a lot of expectation that CPI would soften enough to provide confidence that inflation had peaked. Those expectations were not fulfilled.
Gold’s rebound despite CPI beat is impressive
So, has gold bottomed out, or this another false hope for the bulls?
What is "wrong" with gold?
Heading into tonight’s crucial CPI data, gold is trading lower for a fourth consecutive week and has lost ~ 8% from its April 18, $1999 high.