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....
Gold price trading close to its all-time high – Commerzbank
Following Fed Chairman Powells speech on Friday, Gold once again rose above the $2,500 per troy ounce mark. Supported by the deteriorating situation in the Middle East over the weekend, the price on Monday was close to the all-time high set...
Gold extends rally as geopolitical risks boost haven demand
Gold extends its rally from Fed Chair Powells speech on Friday as Middle East tensions ratcheted up over the weekend. The precious metal was already rallying after the Fed chairs speech signaled the beginning of a lower interest-rate regime...