Gold price steadies above $2,650 as Fed rate cut odds rise
Gold price steadied at $2,660 after hitting a record high of $2,670. Traders assign a 60% chance for another 50 bps of Fed rate cuts in November. US Treasury yields and a stronger US Dollar limited Golds upside despite bullish momentum. Gol...
Gold hits new high after fall in consumer confidence
Gold rallies to a new record high after US Consumer Confidence data falls well below expectations. The data reinforces bets the Federal Reserve will have to take more drastic easing measures a positive for Gold. XAU/USD is overbought but ra...
Gold: Macro fund positioning reaches a new all-time high –
Macro fund positioning inGoldas a proportion of open interest reached a new all-time high last week, TDS Senior Commodity Strategist Daniel Ghali notes. Risk for higher Gold prices remains We have highlighted that macro fund positioning is...
Gold price marks another record high – Commerzbank
Gold rises to new highs after the Feds 50-basis-point interest rate cut. According to Fed Funds Futures, a further interest rate cut of 50 basis points is to happen in either November or December. As long as markets expect it to happen in D...
Gold: Some buying activity is hitting the tapes – TDS
Goldprices continue to melt into new all-time highs in the overnight, TDS Senior Commodity Strategist Daniel Ghali notes. Shanghai trader positioning has edged off its record highs Clearly, some buying activity is hitting the tapes, but the...
Correlation between Gold and the broad USD grows – TDS
Price action inGoldis telling you that macro fund positioning is extreme, TDS commodity analyst Daniel Ghali notes. The rise in macro fund positioning Of course, Golds failure to rally north of the weeks opening levels despite a 50bp cut fr...