Tag: XAU/USD

March 18, 2024

Gold prices advanced on Monday, but gains were limited in a context of market caution ahead of high-impact events in the coming sessions, including the FOMC announcement on Wednesday. In this context, XAU/USD climbed approximately 0.2% in early afternoon trading […]

September 14, 2023

Gold prices remain under pressure this Thursday after yesterday’s US CPI report showed elevated headline inflation despite a softer core inflation read. This translates through to sustained tight monetary policy by the Federal Reserve. Energy was the primary contributor to […]

August 30, 2023

This week’s US job openings data (JOLTs) sent US Treasury yields tumbling lower, giving both gold and silver a boost. The July data showed a sharp contraction in job openings while the prior month’s figure was also revised sharply lower. […]

June 6, 2023

Gold prices remain steady this Tuesday morning after yesterday’s rally on the back of the US ISM non-manufacturing PMI miss that reached fresh yearly lows – approaching contractionary territory. The US being a principally services funded economy meant the print […]

April 3, 2023

The gold price is under pressure to start the week against a US Dollar that is stronger across the board. Higher Treasury yields all along the curve underpinned the greenback but it is the crude oil price that has gone […]

March 28, 2023

Risk markets are flat to marginally higher in quiet trade Tuesday as traders try and look past the recent banking turbulence. The First Citizen partial takeover of SVB over the weekend and the seemingly unlimited amounts of US dollar liquidity […]

March 13, 2023

The collapse of SVB (Silicon Valley Bank) has sent jitters through global markets, supporting safe-haven gold. After the financial institution came under scrutiny last week, fears over client’s access to deposits exacerbated concerns. While the collapse marks the largest bank […]

March 8, 2023

Gold prices consolidated in the early part of the European session following yesterday’s selloff as $1800 psychological level comes back into focus. Gold is looking to extend its losing streak to a third straight day as a batch of US […]

February 24, 2023

Gold prices declined yesterday printing a fresh low around the $1817 mark in the US session. Overnight buying pushed the precious metal back toward the $1825 handle with the European open facilitating further declines (trading at $1820 at the time […]

February 8, 2023

Gold appears poised for a breakout move after being sidelined so far this week. At the end of last week, it was caught in the crossfire of the US Dollar ricocheting around rate expectations. The US Dollar has been sucking […]

February 3, 2023

Gold prices fell yesterday after the U.S. dollar rebounded post-ECB and stronger than expected initial jobless claims data. The jobs market is becoming increasingly more important to the overall Federal Reserve picture as inflation continues to soften. The robust employment […]

February 1, 2023

Gold had a look lower at the US$ 1,900 handle in the US session but quickly recovered back above US$ 1,925. At the same time, the DXY Index, a benchmark measure of the US Dollar, moved to higher ground before […]

January 30, 2023

Gold prices are trading over 6% higher for the month of January, driving XAU/USD into a barrier of resistance at $1,950. Throughout last week, the same psychological level that limited the upside move came into play after gold opened the […]

January 11, 2023

Gold made an eight-month high overnight despite the US Dollar gaining against most currencies. The US 10-year real yield dipped under 1.35% today as it continues to slide from the late December peak above 1.6%. The real yield is the […]

January 4, 2023

Gold prices aimed higher over the past 24 hours as financial markets settled into the new year. The anti-fiat yellow metal inversely tracked the 10-year Treasury yield. The latter fell 2.3 percent in the worst single day drop since the […]

December 13, 2022

Gold prices fell 0.94% on Monday, the worst single-day performance in one week. A closer at the past 24 hours shows that XAU/USD succumbed to a combination of a rising US Dollar and Treasury yields. The anti-fiat yellow metal can […]

November 21, 2022

Gold is tracking lower this morning on the back of a stronger USD stemming from the build up of relatively hawkish comments from Fed speakers. Although some reiterated the moderation of interest rate hikes going forward, the expectation remains aggressive […]

November 14, 2022

GOLD’S IMPRESSIVE ADVANCE NOW SHOWS SIGNS OF POSSIBLE FATIGUE Gold has experienced a sizeable rise since the rather mixed jobs report from the US Department of Labor Statistics on November the 4th. The 261,000 jobs added to the US economy […]

November 3, 2022

Spot gold (XAU/USD) continues to trade heavy, near its cycles lows. Back in late September, early October gold was able to recover back above important support around 1677, but it only held for a few days as price quickly sunk […]

September 15, 2022

XAU/USD FUNDAMENTAL BACKDROP Gold looks to test July swing lows today after yesterday’s U.S. inflation ‘hangover effect’ seems to have dissipated. The U.S. dollar is bid once more weighing negatively on bullion due to renewed market anticipation of a large […]