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Gold analysis: Metal heading back to sub-$2K?
Gold bears are in charge amid a hawkish Powell and FOMC, and follows a strong NFP report. We ISM PMI coming up next but don’t expect a quick US dollar reversal unless the data is super bad. Gold technical analysis point to a potential drop towards, if not below, $2K.
Gold analysis: Metals bounce back as dollar eases on mixed NFP data
Revisions to past NFP data takes shine off headline beat, sending metals higher as the dollar retreats. Gold technical analysis: $2030ish support holds for now, eyes turn to $2075/80 resistance area...
Gold on a sec… gold just posted its highest monthly close on record
Gold just posted its highest monthly close on record, and now trades less than $40 from its record high set in May. With seasonality on its side, I suspect another crack at the record high could be in order. Although it does run the risk of a shakeout around the milestone level.
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Gold analysis: Metal falls back as yields rebound
Gold spent the whole of last week consolidating its sharp 7% rise recorded in October, ending a run of three consecutive weekly gains. The precious metal has struggled to move north of the key $2000 mark, though the metal hasn’t exactly sold off yet.
Dollar analysis: EUR/USD, DXY and Gold in focus - Technical Tuesday
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 edition of Technical Tuesday, we will analyse the EUR/USD, Gold and the Dollar Index.
Stimulus and seasonality could power mining sector gains
A trade idea to play what what is traditionally strong period for mining stocks.
Gold may be lower against the dollar, but it’s holding up elsewhere
Despite competing with the strength of the dollar, gold has been trading higher against all other major currencies since its low in August. This could suggest that gold is acting as a safe haven, even if it is not immediately obvious from the XAU/USD chart.
History of commodity markets
Commodity trading has grown from a physical market to a largely digital one used by traders and investors to hedge positions and speculate on the future.
Gold outlook brightens as services activity dims
Our long-term bullish gold outlook received a boost today as fresh doubts were cast over a June Fed rate hike.
Gold forecast: Metal declines but outlook positive
Our longer-term gold forecast remains positive, owing to the fact global monetary policy can only start to loosen from here
Gold outlook bullish despite short term struggles
Gold's struggle are due to profit-taking and rebound in dollar and yields -- factors likely to be temporary. Our longer-term gold outlook remains bullish.
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: Will Fed trigger rally or sell-off?
Gold is holding above $2K ahead of the Fed & ECB rate decisions. Our bullish gold outlook remains intact heading into these events.
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 outlook: Metal below $2K as dollar advances
While the metal may well extend its drop in the short-term, my longer-term gold outlook remains positive. I therefore envisage a rise to a new record high soon.
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
Silver forecast: Metal heading to $25?
Falling US dollar is boosting the silver forecast, along with gold and copper. Precious metals have had a great month so far and that run could continue.
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Copper outlook: Metal sets for potential rally
Copper is benefiting from a weaker US dollar and China re-opening
Commodity prices forecast to be strong in 2023
The StoneX Metals and Energy Markets Annual Outlook forecasts double digit percentage increases for seven out of twelve commodities tracked.
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
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?
European Open: Gold consolidates ahead of FOMC minutes
Gold may be on the quiet side now, but it’s unlikely to remain the case if the FOMC minutes go as we suspect.
Gold extends drop on strong US data
Retail sales become latest data to beat expectations, adding to sticky inflation narrative