Gold has been dragged lower this week amid the mixed US CPI reading.
15 September 10:00
Gold continues to trade below 50-period SMA
8 September 09:52
Bullion could remain under pressure as inflationary risks still remain.
1 September 11:01
XAUUSD – back above $1900. Focus now on Jackson Hole.
25 August 12:26
Gold continues to remain under pressure and trades below the key $1900 psychological level, hitting a five-month low at $1889.59 on Thursday
18 August 12:00
The precious metal swiftly relinquished all of its gains immediately after Thursday’s softer US CPI.
11 August 08:39
Today’s US jobs report would hold great sway over whether spot gold returns to the $1900-$1934 range it adhered to between June and July, or whether it can resurface above its 50-day SMA.
4 August 10:43
The upcoming US jobs report is set to have a major say whether spot gold moves closer to $1900 or $2000 by this time next week.
28 July 09:39
However, if the Fed pours cold water on the notion that its rate hikes are coming to an end, that could prompt bullion to unwind some of its recent gains and falter back into the mid-$1900s.
21 July 12:18
Spot gold is taking delight in the fact that its primary nemesis, the US dollar, has weakened substantially following the evident slowdown in US inflation.
14 July 12:13
Gold has been dragged back closer to the psychologically-important $1900 level by Thursday’s blockbuster private payrolls number.
7 July 11:51
A daily close below the psychologically-important $1900 should cause bullion bulls’ shoulders to slump even more.
30 June 13:44
Gold has been dragged lower this week as markets elevate bets for one more 25-basis point Fed rate hike by November.
23 June 12:00
It’s been a super-eventful week for markets with major central bank meetings to digest as well as a lot of ecoonmic data releases.
16 June 08:30
Gold enjoyed its best day in five weeks as buyers pushed prices up by 1.3% on the day. Yesterday saw softer than expected US data which cooled Fed rate bets and unwound some recent hike pricing.
9 June 09:00
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