Gold consolidating ahead of Fed Minutes Dollar weakness could fuel a short-term rally in the yellow metal It remains to be seen if the key support level at $1780 will hold Today, Wednesday, August 17, the federal reserve will comment on their view of the economy and how they will approach fiscal policy for the Read More…
As markets digest the Fed’s policy statement on Wednesday, gold futures prices have recently risen above $1,900. Analysts said that Powell ruled out a 75 basis point rate hike in the coming months, eliminating some downside risk for gold. Now, the focus will be on the NFP report on Friday. As bulls continued to control Read More…
The gold futures (GCJ2) briefly gained on Monday as the new week started. The precious metal rose as the risk aversion intensified amid Russia’s rejection to surrender Mariupol. However, the gains in gold futures are limited as the US Treasury yields have significantly gained on the day. Fed’s hawkish plan The FOMC raised the interest Read More…
Presently, the markets and real economies entirely seem to lack correlation. Even within the financial markets, equities or bonds/gold appears to be telling a different story. Financial markets Vs the economy relationship The real economy conveys the present situation (essentially, the macro statistics speaks about past event). The financial markets mark-down the future. What this means Read More…
Apparently, there is an indirect correlation between gold and copper prices than market analysts previously realized. As the one surges, the other falls flat. For instance, gold managed to climb high in an economic downturn because investors want a haven. Similarly, the dwindling copper prices should not come as a surprise since construction and manufacturing Read More…
Goldman Sachs Group Inc. highlighted the recent mounting concern that inflation in the U.S. could make the US dollar lose its status as a haven. While Congress closes in on one more cycle of fiscal incentive to buttress the US economy that has been badly affected by the Covid-19 pandemic, and the Federal Reserve have Read More…
