Technical Analysis

Will Gold Breach ATH Again?

Introduction Gold futures have continued their steady run upwards, boasting an impressive 31% return over the past year. The question is whether we see this trend continuing. Technical Analysis The daily chart shows us the 50-moving average positioned well above the 100-moving average. There is also a flag formation where gold sat sideways since the Read More…

Technical Analysis

Gold Dumps as CPI Increases, Technical Analysis Still Bullish

Recent News US Economic Data: The release of the US Consumer Price Index (CPI) data on August 14 showed a slight increase, which led to fading expectations of an imminent rate cut by the Federal Reserve. This resulted in a minor decline in gold prices, as the likelihood of a rate cut, which would weaken Read More…

Fundamental Analysis

Gold Eases from All-Time Highs as Markets Digest Fed Rate Cut

Gold prices pulled back on Wednesday after reaching new highs in the previous session due to Fed rate cut optimism. Investors are preparing to peruse the FOMC meeting minutes and a Fed Chair Jerome Powell speech. Gold traders are optimistic that the Fed will start lowering borrowing costs in September. Last week, retail sales data Read More…

Fundamental Analysis

Gold Reaches New Highs on Softer-Than-Expected Inflation Figures

Gold prices eased slightly on Tuesday after making new highs on cooler-than-expected US wholesale inflation data. The pullback came as investors took profits after a three-session rally and continued into Wednesday. However, experts believe fundamentals support further upside for prices. Notably, gold prices have rallied since Thursday last week as recession fears eased. The turmoil Read More…