Gold

30 May 2024
Gold prices retrace as US dollar and treasury yields rise ahead of key inflation data 

Key points:  Spot gold falls to $2,330.44 per ounce.  Strengthening US dollar and higher Treasury yields pressure gold prices.  Traders focus on upcoming U.S. core PCE inflation data.  This article is a follow up from: Gold rises ahead of key …

27 May 2024
Gold rises ahead of key US inflation data release 

Key points:  Gold rises to $2,339.9 a troy ounce, recovering from recent losses.  Market focus shifts to the U.S. Personal Consumption Expenditures (PCE) price index release this coming Friday.  Federal Reserve minutes dampened hopes for rate cuts, impacting gold prices …

27 May 2024
Week ahead: PCE data to play integral role in Fed rate decisions

The Dow Jones and S&P 500 both ended their multi-week winning streaks, a shift driven by economic data that came in hotter than expected. This unexpected resilience in the economy has prompted many to push back their expectations for Federal …

23 May 2024
A technical assessment of gold, Cable, Ninja, and Nvidia performance in May

Gold (XAU/USD) experienced a sharp drop on Wednesday, settling just above the important support level of $2,375. This support is vital for bulls, as holding this line could prevent a deeper retracement towards $2,360. Should the weakness continue, the focus …

23 May 2024
Gold prices see dip on hawkish Fed minutes

Key points Analyst prediction: Gold may drift back to $2,355 if the dollar maintains upward momentum. Fed minutes: Indicated discussions of possible further interest rate hikes. ANZ outlook: Rising prices could temper discretionary gold buying. Gold prices fell for a …

20 May 2024
The gold rush: XAUUSD soars past $2,430 

Key Points:  Gold reaches a record high of $2,430 per ounce amid speculation of Federal Reserve interest rate cuts.  Rising geopolitical tensions and strong central bank purchases bolster gold prices.  Gold (Symbol: XAUUSD) climbed past $2,430 per ounce on Monday, …

16 May 2024
Gold climbs as anticipation of Fed Rate cuts increases appeal

Key points: Platinum nears One-Year high: Platinum prices reach their highest level since May 22 of last year. Gold eyes $2,400 level: Analysts suggest gold could soon capture the $2,400 per ounce mark. Gold prices climbed slightly higher on Thursday, …

14 May 2024
Anticipating the impact of US inflation data on gold prices 

Key points:  Gold prices saw an increase on Tuesday, rising 0.4% to $2,344.39 per ounce, despite a drop the previous day.  Upcoming U.S. inflation data crucial for gauging future Federal Reserve policy decisions and its subsequent influence on gold prices.  …

10 May 2024
Gold rises due to rate cut speculation and economic data

Key points: Gold prices increased this week, influenced by expectations of a Federal Reserve rate cut later this year. Recent U.S. labor market data suggests a cooling economy, further fueling rate cut speculations. 10th May 2024 – On Friday, spot …

9 May 2024
Gold prices steady ahead of the release of US economic data

Key points: U.S. jobless claims and consumer sentiment data are set to provide fresh economic insights. Platinum faces its largest market deficit in a decade, influencing its pricing dynamics. Gold prices stabilise as economic data looms Gold prices held steady …

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