Gold

Gold: pressure building ahead of Fed rate decision

Gold volatility is slowing, and tension building as the Fed announcement gets closer. Despite the historic announcement from the Bank of Japan's to end its negative interest rates policy and the Reserve Bank of Australia maintaining steady rates, gold has...

Gold to set record high after CPI tomorrow?

Gold inched higher on Monday, hovering near its all-time high after a remarkable rally last week. Now traders brace for U.S. inflation data that could offer insights into the Federal Reserve's stance on interest rates, and the direction for gold....

Next week’s key events for traders

Stay ahead in the forex market with insights into upcoming events, including Japanese inflation, RBNZ rate decision, US Fed speeches, and Euro Area inflation, influencing key currency pairs in the week ahead...

$3K gold in 2024 according to Citi

Citi bank suggests that gold prices might experience a surge of up to 50%, reaching $3,000 per ounce this year. This projection is based on two potential scenarios. The first involves a continuation of central banks, particularly those in emerging...

Gold tumbles: Eyes on UK inflation next

The new numbers are in: Current market sentiment suggests a 79% chance in June and an even stronger expectation of a 92% chance for a cut in July. The unexpectedly high US inflation figures have led to a reassessment of...

Gold forecast: Crazy to expect rate cut tomorrow?

Mostly yes. Market consensus leans towards the U.S. central bank maintaining current interest rates following the conclusion of its two-day meeting tomorrow. However, the potential impact on the U.S. dollar and gold is likely to hinge on statements from Fed...

Gold rally unlikely after strong US GDP data?

The United States revealed a 3.3% annualized GDP for the three months ending in December earlier today, surpassing the market's 2.0% forecast. The likelihood of an early-year Fed rate cut seems to have diminished even further now, helping curb weakness...

Gold trade: Is the outlook too pessimistic?

A few weeks ago, there was widespread belief in the markets that the U.S. central bank would implement more than 160 basis points of easing in 2024. However, these expectations have substantially moderated since then, leading to a bearish reversal...

Gold: $2,025 – After US Inflation, What’s Next?

Gold's short term prospects might be dependent on upcoming US inflation data for December. XAU/USD currently trades at $2,025, stepping back from an intraday high of $2,042. On Thursday, the US will release the Consumer Price Index for December. The...
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