Gold trades like the new Bitcoin – TDS
The cards were set well before election night, with evidence overwhelmingly suggesting the melt-up in Gold was underscored by a liquidity vacuum, with the US election being the focal point, TDS Senior Commodity Strategist Daniel Ghali notes...
Gold bounces off major trendline, US inflation data incoming
Gold has found support from a major trendline and paused its short-term downtrend. Gold had been selling off in November amid expectations of interest rates staying elevated in the US. US CPI inflation data for October could impact interest...
Gold falls to major trendline as strong USD weighs
Gold falls to key support from a major trendline for the long-term uptrend at $2,600. A strong US Dollar is reducing the price of Gold, whilst competition from Bitcoin and stocks is also bearish. Expectations for the Federal Reserve slowing...
Gold price remains close to multi-week trough
Gold price drifts lower for the second straight day and is pressured by a combination of factors. The Trump trade optimism continues to underpin the USD and weighs on the precious metal. A positive risk tone also undermines the safe-haven X...
Gold price slips as US Dollar ignores Fed rate cut
Gold declines as Trumps win reduces political risk; focus on potential inflationary policies. US Dollar recovery pressures Bullion despite lower Treasury yields. Powell signals gradual rate adjustments, leaving Feds future path open amid ec...
Gold price slides back below $2,700 mark amid modest USD str
Gold price met with a fresh supply and eroded a part of the overnight recovery gains. The Trump trade optimism revives the USD demand and weighs on the precious metal. Retreating US bond yields and bets for additional Fed rate cuts could he...