Gold

Trump, Fed Speculation Drive Gold to New Heights

Gold price cleared the May 20 high of $2450 on Tuesday, as expectations intensify that the U.S. Federal Reserve will commence an easing cycle in September. Fed Chair Jerome Powell addressed the Economic Club of Washington this week, noting the...

Four key inflation reports to watch next week

Canada's inflation unexpectedly rose to 2.9% in May, complicating the Bank of Canada's rate cut plans. The UK's inflation slowed to 2%, with the Bank of England projecting a rise to 3%, affecting rate cut timing. New Zealand's CPI data,...

No bigger driver for Gold than inflation this week?

This week's economic calendar is dominated by US inflation data, with the Consumer Price Index (CPI) and Producer Price Index (PPI) set for release....

Brace for NFP, ECB Forum, and two major elections

This week is set to be a pivotal one for global markets, with significant economic and political events on both sides of the Atlantic. In the United States, the spotlight will be on nonfarm payrolls at the end of the...

Gold maintains upward bias on Iran and Fed speak?

Gold surged at the beginning of the week due to escalating geopolitical tensions, reaching a new all-time high of $2,450. However, it has since retreated slightly but perhaps maintains an upward bias....

Is gold or silver the trade to make this week?

This week's trade could be a decision between gold and silver. The former might be swayed by the seven fed officials that are planned to speak this week, while the latter could be influenced by the #SilverSqueeze movement that is...

What did Powell say and what did gold do?

Federal Reserve Chair Jerome Powell expressed reservations about the trajectory of disinflation in the US during his recent remarks, stating, "My confidence in that is not as high as it was." Despite this, he indicated that further rate hikes were...

Gold recovers above $2,300: What’s next?

Gold managed to recover its losses yesterday (biggest daily slump in almost 2 years) on weak US PMI data. The thought here is that sluggish growth indicators might push the Federal Reserve towards an earlier interest rate cut (although don't...

Gold technical analysis amid Iran-Israel uncertainty

Gold hovers around the $2,370, with trading range relatively narrow as investors closely monitor updates on the Iran-Israel conflict. Israel's stance on retaliating against Iran revolves not around whether but when and how to strike back. Bezalel Smotrich, Israel's Finance...
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