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GOLD

Analysis

Analysis - 1 day ago

Daily Comment – Dollar and gold gain as geopolitical risks and eurozone data worsen

Gold continues to gain, as geopolitics generates headlinesHawkish Fedspeak and strong US data support the dollarEuro suffers from another weak set of PMIsYen fails to benefit from stronger inflationWar rhetoric continues, gold takes noticeThe Ukraine-Russia conflict remains in the spotlight. The aggressive rhetoric from both sides continues, with US President Biden giving the green light for the use of anti-personnel mines, banned by more than 150 countries, and Russia responding by launching an
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Analysis - 2 days ago

Cryptos remain in euphoria-land – Crypto News

Cryptocurrencies continue to strengthenBitcoin posts new all-time high, but ethereum lags behindShort-term gold-bitcoin correlation remains negative88,850 area is key support if a correction takes placeCryptos’ journey north continuesIt has been two weeks since president-elect Trump won the US election, and the cryptocurrency world is still feeling very positive about the next four years.
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Analysis - 2 days ago

Daily Comment – Nvidia fails to lift markets, dollar stands tall

Stocks remain directionless even after stellar earnings by NvidiaDeclining odds for December Fed rate cut weigh on marketsDollar holds near highs, yen rallies, Bitcoin soars to $97,000Nvidia can’t satisfy lofty expectationsEquity markets continue to trade with lackluster momentum, struggling for direction even after AI giant, Nvidia, announced outstanding third quarter earnings.
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Analysis - 3 days ago

Daily Comment – Geopolitics dictates market sentiment, but dollar fails to benefit

Geopolitics in the spotlight, gold gainsDollar fails to benefit from the risk-off reactionStocks slightly in the green, as markets await Nvidia earningsPound gains after CPI report; bitcoin reaches $94,000It almost feels like the Cold War againDevelopments in the Ukraine-Russia conflict are monopolizing the markets' interest, as the first usage of long-range US missiles prompted a quick revision of Russia’s nuclear weapons doctrine.
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Analysis - 4 days ago

Daily Comment – Stocks cautiously edge up amid geopolitical and inflation risks

Softer yields lift stocks despite Ukraine fears and rate cut doubtsGold extends rebound, oil also higher in choppy tradingDollar on the backfoot amid lack of direction as yen firmsStocks rebound but struggle for momentumEquity markets were in a perky mood on Tuesday as a recovery on Wall Street helped Asian stock markets advance, although European shares were more mixed.
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Analysis - 4 days ago

Volatility returns to normal levels after US election calmness – Volatility Watch

Euro/dollar volatility edged higherVolatility remains low in the commodities spaceStock indices experience average volatility despite selloffEuro/dollar volatility has edged higher, as the dollar continued to gain from Trump’s recent win, pushing the euro/dollar pair to a one-year low. Interestingly, last week's change in Fed Chair Powell’s stance regarding the timing of the next rate cuts did not materially benefit the dollar.
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Analysis - 5 days ago

Daily Comment – Gold edges up amid Ukraine tensions, stocks and dollar subdued

Gold rebounds as Biden lets Ukraine use long-range missiles on RussiaYen slips again after Ueda offers no clues on December hikeEquities mixed as Trump trade fadesUkraine war escalates as Biden U-turns on missilesThe conflict between Ukraine and Russia took a dangerous turn on Sunday after President Biden gave Kyiv the green light to use long-range US missiles inside Russia.
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Analysis - 5 days agoNeutral

Technical Analysis – Gold bulls make a move; need access above 2,600

Gold makes recovery attempt after aggressive sell-offTechnical signals welcome a bullish pivot but there is a wall at 2,600Gold bounced up on Monday with scope to test the 2,600 round level after its two-week freefall paused near the constraining zone of 2,545.The precious metal has retraced half of its record rally from June to October and signs of an oversold market are beginning to emerge, with the RSI and the stochastic oscillator currently looking for a pivot near 30 and 20 respectively.
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Analysis - 1 week ago

Daily Comment – Dollar wavers on US CPI, surges on hawkish Fed remarks

US CPI meets expectations, bolstering rate cut hopesBut Fed hawks spoil the mood as dollar hits one-year highGold continues to bleed even as stocks stumble Dollar ascends as Fed wary after CPI reportThe US dollar’s post-election surge shows no sign of ending as it advanced to one-year highs against a basket of currencies on Thursday, causing fresh pain for its rivals.
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Analysis - 1 week ago

Daily Comment – US CPI report could reverse the post-election euphoria

Markets take a breather as Trump assembles his teamFocus turns today to US inflation and FedspeakGermany prepares for snap election, euro on the back footYen underperformance continues, intervention talk resurfacesMusk joins Trump’s team, Germany sets election datePresident-elect Trump is gradually assembling his cabinet, with the market anticipating the most crucial appointment, the Treasury Secretary.
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Analysis - 2 weeks ago

Is Trump’s election the end of gold’s bull run?

Trump’s election invites gold bears into the gameBets of slower rate cuts by the Fed may be the main driverPBoC pauses purchases, but strategy likely not changedSpeculation around geopolitics may also be weighingTrump wins but gold losesAfter hitting a record high of around $2,790 on October 30, gold entered a corrective phase due to US data suggesting that the Fed may need to slow down the pace of its future interest rate reductions.The correction of the precious metal accelerated on the firs
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Analysis - 2 weeks ago

Daily Comment – Dollar extends gains, bitcoin soars but stocks lose momentum

Tariff fears weigh on euro and other majors, dollar continues to climbBitcoin and Wall Street hit new records but broader equities stumble   Gold unable to get a boost from Trump picking hawks for this team   Trump trade still powering the marketsSpeculation about the expected impact of Donald Trump’s policies continues to dominate the market theme, as investors await details about who will be in Trump’s cabinet.
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Analysis - 2 weeks ago

Markets return to a low-volatility environment after the US election – Volatility Watch

Euro/dollar volatility has eased aggressivelyVolatility has dropped to monthly low in both gold and silverStock indices experience a significant decline in volatilityEuro/dollar volatility has eased significantly, as market participants have reacted favourably to both the outcome of the US presidential election and the absence of the post-election shenanigans seen in 2020. The dollar has strengthened over the past week with the euro suffering the most.
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Analysis - 2 weeks agoNeutral

Technical Analysis – Gold consolidates below uptrend line

Gold continues to struggle post the US election50-day SMA stands ready to defend the bullsMomentum indicators are mixedGold is edging lower for a second day after its upside attempt faced resistance at the short-term ascending trendline. The precious metal hit a three-week low of 2,643.26 last week in the aftermath of Donald Trump winning the US presidential election.The near-term outlook is unclear, however, as the stochastic oscillator is recovering from oversold levels, but the RSI is pointin
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Analysis - 2 weeks ago

Daily Comment – Positive sentiment lingers despite mixed newsflow

Markets continue to dance to the tune of Trump’s winGold and oil suffer, while bitcoin and equities rallyMinority government in Japan, BoJ mini-minutes unsurprisingEuro under pressure as Germany gets closer to snap electionTrump prepares to take overThe markets continue to digest Trump’s victory and last Thursday's dovish Fed rate cut, with most market participants now speculating on the course of action of the new administration as the president-elect is assembling his cabinet. In this
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Analysis - 2 weeks ago

Midweek Technical Look - US 500, Gold, EURGBP

US 500 flies to another fresh high after Trump’s victoryGold prices lose notable ground, falling near 2,640EURGBP tumbles near 2½-year low
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Analysis - 2 weeks ago

Quick Brief – What’s next for the markets after Trump’s victory?

Trump is back in the White House; dollar becomes king againSelection of cabinet members is the next taskGold is the worst performer; melts below $2,700 It's no longer in question, Donald Trump made a remarkable comeback to the White House with 279 electoral seats at the time of writing compared to Kamala Harris’ of 224 despite 34 felony count convictions, two assassination attempts, and a stormy campaign battle with Kamala Harris. This is not the only victory for Trump.
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Analysis - 2 weeks ago

Could markets relive the 2016 post-election day performance?

Euro/dollar could suffer if 2016 repeats itselfUS stocks could further benefit from Trump’s winGold and bitcoin might move in opposite directionEuro/dollar volatility could rise furtherTrump wins a second termFormer President Trump has won the 2024 presidential election, achieving a noticeable comeback following the 2020 defeat. The market reaction has been mostly within expectations, with the dollar gaining across the board, gold suffering and bitcoin enjoying strong gains.While market partic
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Analysis - 2 weeks ago

Daily Comment – Dollar and stocks surge on Trump victory bets

Donald Trump secures key battleground statesDollar rallies as his policies are seen as inflationaryStocks celebrate prospect of tax cuts and deregulationBitcoin hits fresh record high, oil retreatsTrump knocks the White House doorThe dollar skyrocketed during the Asian session today, and it appears to be headed for its biggest one-day gain since March 2020.Following the closing of the election ballots in the US, early signs that former president Donald Trump is likely to return to the White Hous
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Analysis - 3 weeks ago

Quick Brief – ISM services PMI comes in favor of Biden’s era

ISM non-mfg. accelerates in October, employment index strengthens tooInvestors remain confident about a 25bps rate cut this week; dollar barely rises The ISM non-manufacturing PMI index came in favor of Biden’s administration on Tuesday, arriving stronger than expected as US voters headed to the polls to elect the next President.The survey for October showed surprisingly increased business activity for the second consecutive month, with the index rising to 56.0 – the highest in more than tw
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