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Gold Wrap: 1700 gives way, but key support awaits

Momentum is clearly pointing lower for gold, but we’re keeping an eye on the monthly charts as we head into August due to a potential level of support.

Gold nuggets

Multi-decade highs in DXY continues to push Gold lower

The two assets currently share a correlation coefficient of -0.96, a very strong negative correlation. Therefore, if the DXY continues to move higher, one could suspect that XAU/USD will be moving lower!

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July 11, 2022 08:31 PM

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.

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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 nuggets

Gold continues selloff as China manufacturing data worsens

Until confidence returns that prices from China will move higher, Gold may begin trading in a range.

Gold nuggets

US CPI Preview: Will inflation reach 8%?

February’s CPI print is expected to be strong. The risk is that it comes in weaker.

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March 8, 2022 04:35 PM
Gold nuggets

Appetite for risk perks up as US and Russian officials agree to meet

According to reports, a meeting between US Secretary of State Blinken and Russian Foreign Minister Lavrov has been agreed for “late next week”.

Asian Open: Safe-havens thrive during risk-off trade, gold taps 1900

The alleged ‘trigger’ from Ukraine which sparked the initial sell-off in the late-Asian session continued to weigh on sentiment overnight, which saw gold rise to an 8-month high.

Gold nuggets

Gold higher on Russia/Ukraine geopolitical uncertainty

Markets strongly dislike uncertainty and therefore, Gold has moved higher. However, that can all change when the next headline hits the wires.

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February 17, 2022 05:03 PM
Federal reserve Eagle

European Open: Markets steady ahead of FOMC, calm before the storm?

Expectations are for the fed to announce a faster speed of taper, so perhaps the more volatile reaction could be if they underwhelm relative to expectations.

Gold nuggets

Gold: Inflation hedge or Inflation expectations hedge?

The next direction in Gold will depend on the Omicron variant and market expectations of how the virus may change the Fed’s thinking at the next meeting

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December 1, 2021 05:12 PM
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Asian Open: Equities rise – cautious optimism or dead cat bounce?

Wall Street’s first full-day back of trade saw equity markets recoup some of last week’s losses, but that’s not to say this will simply become a dead-cat bounce.

Gold nuggets

How to use the Gold USD correlation to trade fx

Since the start of the year, the correlation between Gold and the US Dollar has been negative a majority of the time

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October 6, 2021 06:24 PM

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