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...
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...