Share: This is the first time since March that Gold has fallen below $1,900. Economists at MUFG Bank analyze XAU/USD outlook. Any dips below $1,900 is viewed as a buying opportunity The Federal Reserve’s aggressive monetary policy tightening has been the biggest headwind for Gold and hence continues to struggle in this environment. […]
Share: Gold price gains some positive traction for the fourth successive day on Thursday. Concerns about a deeper global economic downturn lend support to the XAU/USD. The emergence of some US Dollar buying might cap any further gains for the metal. Gold price trades with a positive bias for the fourth successive day […]
Share: “If inflation remains high and demand gives no signal it is likely to drop, that would require tighter monetary policy,” Federal Reserve Bank of Richmond President Thomas Barkin said on Tuesday, as reported by Reuters. “Consumer spending, economic strength make it possible the US economy could reaccelerate before inflation cools,” Barkin added but noted […]
Share: EUR/USD attracts some buyers on Friday and draws support from a modest USD downtick. The Fed’s hawkish outlook should limit any meaningful USD slide and cap gains for the pair. Traders now look to a speech by ECB’s Lane and the final Euro Zone CPI for some impetus. The EUR/USD pair edges […]
Share: USD/INR struggles for clear directions after refreshing all-time high, mildly offered of late. US Dollar bulls brace for FOMC Minutes, allowing Indian Rupee sellers to take a breather. Downbeat Oil price, pullback in yields also allow USD/INR to consolidate recent moves. Fed officials need to defend hawkish bias to help Greenback buyers […]
Share: USD/CHF drops to near 0.8750 amid subdued US Dollar ahead of Retail Sales data. Monthly consumer spending momentum is seen expanding at a higher pace of 0.4% vs. June’s pace of 0.2%. The SNB will raise interest rates by 25 bps in September to 2%. The USD/CHF pair drops to near its […]
Share: Gold price demonstrates a weak performance amid strength in the US Dollar. United States inflation grew at a 0.2% steady pace in July amid higher rentals. The Fed is expected to keep interest rates unchanged in September. Gold price (XAU/USD) continues its bleak performance amid headwinds of a strong US Dollar and […]
Share: Gold price seems fragile above $1,930.00 as the US labor market remains resilient while wage growth slows. Janet Yellen calls Fitch’s downgrade to US government long-term credit rating ‘entirely unwarranted’. Investors await US Services PMI, monthly Factory Orders, and weekly jobless claims data. Gold price (XAU/USD) looks supported above the immediate support […]
Share: Interest rate expectations are likely to continue driving the Gold price, strategists at Commerzbank report. US economic data should be a key driver of the Gold price The US economy grew by 2.4% on an annualised basis in the second quarter, and thus more sharply than expected. This means there is still […]
Share: Palantir stock benefits from neutral Fed meeting. Fed Chair Powell says economy unlikely to crash this year. Meta Platforms has lifted other tech stocks with its earnings beat. NASDAQ 100 rises 1.2% in Thursday trading. Palantir (PLTR) stock is trading marginally higher during Thursday’s US session. The stock initially broke above the […]
Share: Federal Reserve is widely expected to raise its policy rate by 25 bps to 5.25-5.50%. Fed has been struggling to convince markets that they will raise rates at least twice more this year. US Dollar valuation could be significantly impacted by Chairman Powell’s comments. The Federal Reserve (Fed) is expected to raise […]
Share: Gold Price fades bounce off one-week low amid market’s pre-Fed anxiety, China concerns. China-inspired optimism also dims as fears of Sino-US tussle reignite. Mixed data underpins dovish bias for US central bank but FOMC has always been a fighter. Fed Chair Powell’s speech can fuel Gold price on confirming policy pivot chatters. […]
