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...
Gold gets lift as media revives debate over Fed rate cuts
Gold is hitting record highs on Friday as markets debate anew whether the Fed will cut by 50 or 25 basis points in September. The revival of the possibility of a jumbo 0.50% cut fuels another rally in Gold. Golds broad uptrend resumes altho...
Gold price slips as US inflation fuels small Fed rate cut
Gold retreats from a daily high of $2,529 after US inflation data boosts odds of a 25 bps Fed rate cut. Rising US Treasury yields and a stronger US Dollar weigh on the non-yielding metal with the 10-year T-note climbing to 3.655%. CME FedWa...
Gold cycles up towards all-time-highs
Gold trades close to its $2,531 all-time-high amid expectations of the Fed cutting interest rates and a weak US Dollar. The size of the Feds cut at its September meeting will impact Gold. US CPI data on Wednesday could influence the Feds de...
Gold: A break below $2,490 could catalyze selling spree – T
WhileGoldcontinues to hover near all-time highs, price action is actually weakening uptrend signals strength, and thereby lowering the bar for CTA trend followers to liquidate their length, TDS Senior Commodity Strategist Daniel Ghali notes...