Gold upside limited by overextended positioning
Gold is consolidating under chart resistance as falling US yields and a tense geopolitical backdrop support the metal. Upside may be limited, however, by overextended positioning. The precious metal is at the top of a range-bound consolidat...
Gold within striking distance of all-time high
Gold is approaching its all-time high of mid-July again, Commerzbanks commodity analyst Carsten Fritsch notes. New record high is therefore only a matter of time The geopolitical tensions in the Middle East and speculation about upcoming in...
Gold price trims part of overnight gains amid risk-on mood
Gold price pulls back from the vicinity of the monthly peak retested earlier this Tuesday. Bulls opt to lighten their bets amid a positive risk tone and ahead of the US inflation data. Geopolitical risks and bets for a 50-bps rate cut by th...
Gold rises on geopolitics and Fed rate cut expectations
Gold continues to edge higher as fears of an escalation of the Gaza conflict and falling interest-rate expectations support the metal. US inflation data out this week could color expectations of the trajectory for interest rates. The precio...
Gold price consolidates in a range, bullish potential intact
Gold price lacks firm intraday direction on Monday amid a combination of diverging forces. A positive risk tone caps gains, though geopolitical risks and Fed rate cut bets lend support. Traders also seem reluctant ahead of the key US inflat...
Gold: New record highs – Commerzbank
Following the slump at the beginning of the week, the price of Gold has risen again to almost $2,430 per troy ounce, Commerzbanks commodity strategist Barbara Lambrecht notes. Gold is set to remain in demand The Gold price was unable to ben...