Gold price gains ground as traders await US GDP data
The Gold price rebounds above $2,500 in Thursdays early Asian session. Rising Fed rate cut expectations and ongoing conflicts in the Middle East underpin the yellow metal. Firmer US Dollar might limit the Golds upside. The Gold price (XAU/U...
Gold price edges higher on Fed’s dovish tilt
Gold rises in risk-on setting, shrugging off robust US data as the US Dollar hits a 12-month low. Powells dovish remarks keep US Treasury yields stable, pressuring the US Dollar and boosting Gold. Focus shifts to upcoming core PCE and job d...
Gold markets are unanimously bullish – TDS
A period of high deficits, slowing growth, sticky inflation, currency devaluation and an imminent cutting cycle has already attracted capital towards Golds warm embrace, TDS Senior Commodity Strategist Daniel Ghali notes. Visible short posi...
Gold pulls back to $2,500 as USD recovers
Gold is correcting back as the US Dollar recovers from year-to-date lows. Mixed US economic data is making the market cautious about whether the Fed will cut by 0.50% in September. The heavy long positioning in Gold is a further headwind fo...
Gold slides on reduced haven demand, better US data
Gold edges lower as a result of easing hostilities in the Middle East and better-than-expected US economic data. US Durable Goods Orders smashed estimates on Monday, dispelling some of the pessimism around the US economy. Despite risk of a...
Chances of correction in Gold prices increase – TDS
The Fed is in all likelihood going to cut rates in the next few weeks andeveryone knows it, TDS Senior Commodity Strategist Daniel Ghali notes. This scenario is favoring Gold, but chances of a correction are increasing day by day, he says....