Gold faces headwind as US Dollar and US yields climb
Gold price rally stalls after strong US macroeconomic data. US Retail Sales exceed expectations, Industrial Production improved in August, boostinge US Dollar Index (DXY) to 100.92. Geopolitical tensions in the Middle East escalate with Hez...
Gold pulls back ahead of Fed ruling
Gold has pulled back down ahead of the Federal Reserve policy meeting announcement on Wednesday. Better-than-expected US Retail Sales data released on Tuesday caused the backslide in the precious metal. Bridgewater Associates CIO Ray Dalio...
Gold: Central banks are still buying – TDS
The upcoming FOMC meeting is going to be quite contentious, but not for the Gold market, TDS commodity analyst Daniel Ghali notes. The pain trade is to the downside Rates traders are divided on the outlook for Fed cuts for the next several...
Gold: Will the Fed outdove markets? – TDS
There is evidence that the last leg of the rally inGoldmay have been a stop hunt, given the odd timing for an incursion into new all-time highs alongside evidence of new shorts being added by proprietary traders, family offices and macro fu...
Gold price rises as Fed rate cut expectations grow
Gold prices rise as odds for a 50 bps Fed rate cut increase to 59%, supported by falling US Treasury yields. US Dollar Index (DXY) drops 0.36% to 100.74, boosting the non-yielding metal. Traders await US Retail Sales on Tuesday and housing...
Gold plateaus after rallying to record highs
Gold stabilizes at all-time highs after its steep rise at the end of last week. The overall trend remains bullish, and much depends on the outcome of the Fed meeting on Wednesday. Gold is in the overbought zone, according to the RSI, but in...