Gold price pulls back peak, downside potential seems limited
Gold price edges lower and snaps a four-day winning streak to a three-month peak. Bets for a June Fed rate cut keep the USD bulls on the defensive and lend support. Geopolitical tensions could also help limit the downside for the safe-haven...
Gold price recovers as Fed rate-cut hopes for June remain al
Gold price bounces from $2,040 as investors see the Fed reducing interest rates in June. Fed policymakers are reluctant to offer concrete timing for rate cuts. The US Dollar will be guided by the ISM manufacturing PMI. Gold price (XAU/USD)...
Gold price inches higher amid falling US Treasury yields
Gold price edges up, trading near the 50-day SMA, as US Treasury yields decline and the US Dollar softens. Market focus on upcoming PCE and GDP reports could determine Golds breakout from current tight trading range. Earlier economic indica...
Gold price pulls back from over two-week top amid a modest U
Gold price edges lower and erodes a part of Fridays gains to over a two-week high. Hawkish Fed expectations revive the USD demand and exert pressure on the metal. Geopolitical risks could lend support to the XAU/USD and help limit further l...
Official Gold purchases to remain strong – ANZ
Central bank Gold purchases (or official Gold buying) have been the most influential development in the Gold market in the last few years. Why are central banks buying Gold and will this continue? Strategists at ANZ Bank analyze central ban...
Oil flat with plenty moving parts on Middle East
WTI Oil tests the double top which could mean more upside. Oil traders are sending crude higher with EIA reporting OPEC production cuts are being respected. The US Dollar Index is stronger ahead of US CPI numbers. Oil prices are jumping hig...