Gold surges on mixed US data, increased Fed rate cut specula
Gold gains 1% on Friday, set to end the week with 0.20% gains. US PPI data was slightly above expectations, suggesting inflation is down but stalling above target, while UoM Consumer Sentiment highlights concerns over rising living costs. D...
Gold returns to familiar range after weak US jobs data
Gold recovers after the release of worst-than-expected US Jobless Claims data. Despite higher inflation data suggesting interest rates might remain high, the jobs data indicates the opposite. Technically, XAU/USD returns to its range-bound...
Gold bounces amid dovish Fedspeak
Gold bounces after the Reserve Bank of New Zealand implements a super-sized interest-rate cut, continuing the global trend. Neutral or dovish Fedspeak from a string of Fed officials further supports the precious metal. Technically, XAU/USD...
Gold: CTAs are max long – TDS
Earth to macro funds. There is no magical reason why Fed cuts have to led to higher Gold prices, TDS Senior Commodity Strategist Daniel Ghali notes. Gap risk is elevated Ultimately, Gold markets are a function of buyers and sellers, and our...
Gold edges lower within range as China outlook weighs
Gold is edging lower within its range as markets revise down their outlook for China, the worlds largest consumer of Gold. The precious metal is supported by ETF flows and haven demand amid raised geopolitical tensions. Technically, XAU/USD...
Gold supported by safe-haven flows as US outlook weighs
Gold finds support from continued safe-haven flows and demand from long-term investors. This acts as a counter-weight to pressure from reduced expectations of interest rates being slashed in the US. Technically, XAU/USD continues consolidat...