Gold marks sixth-day of losses on Powell’s slightly hawkish
Gold price dips below $2,570 head for an over 4% weekly decline. Jerome Powell indicates the Fed is cautious about cutting rates despite positive US economic indicators. Investors adjust expectations for a December rate cut, with likelihood...
Gold: Strong US dollar causes losses – Commerzbank
There are times when the development of the US Dollar (USD) is of secondary importance for commodity prices denominated in dollars, and there are times when the US dollar is the driving force, Commerzbanks commodity analyst Barbara Lambrech...
Gold stabilizes after bouncing off 100-day moving average
Gold bounces off technical support aided by the US Dollar, which peaks and rolls over. The precious metal faces headwinds from the outlook for US interest rates and Trumponomics. The US economy is in remarkably good shape, according to Fed...
Gold falls 7.0% in November so far
Gold trades substantially lower due to pressure from US political factors. It has weakened nearly 7.0% in November so far as a result of Donald Trump and the Republicans political gains. XAU/USD breaks through a major trendline and declines...
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...