Gold closed its best week since January on Friday as Fed rate hike expectations eased. A resumption of talks in the Middle East and a downbeat nonfarm payrolls report lowered the likelihood of a rate hike in September. Market participants are now awaiting more policy cues from the US CPI report. Gold weekly performance (Source: Read More…
Follow-Up: What Played Out Since August 4 Gold has done exactly what we were watching for. In our previous analysis, price was stuck at 4,118.8 in a tight range between 4,050 and 4,200, and the one thing we singled out was a quiet series of higher lows building in RSI while price went nowhere. That Read More…
Gold futures gained on Wednesday as reports indicated that the US, Iran, and Oman were close to a truce agreement. Meanwhile, the US dollar and oil saw a decline. Meanwhile, market participants are gearing up for the US nonfarm payrolls report due on Friday. Gold price (Source: Bloomberg) Market sentiment has improved since Saturday, when Read More…
Introduction Let’s take a look at Gold’s year so far: a parabolic run to an all-time high in January, followed by one of the more sustained corrections the metal has seen in years. After falling more than a quarter from that peak, price has spent the last few weeks doing something it hadn’t done since Read More…
Introduction Crude oil has had one of its more volatile years on record in 2026, and the daily chart tells that story clearly. A geopolitical shock sent prices spiking sharply in the spring, only for a ceasefire to trigger an equally sharp collapse. After bottoming in the high-60s, price staged a fast recovery. Price got Read More…
Gold collapsed on Tuesday as the surge in oil prices and subsequent inflation worries boosted Fed rate hike expectations. At the same time, the stronger dollar made gold more expensive for foreign buyers. Meanwhile, market participants are looking forward to the FOMC policy meeting for more clues on the path of monetary policy. The yellow Read More…
