Gold

Gold & oil volatility grows amid Middle East escalation

Financial markets are bracing for the uncertainty surrounding Iran's recent strike on Israel and the potential for retaliatory measures....

What could stop gold’s bullish momentum?

The end of the week brings a host of significant data releases, including the US Consumer Price Index (CPI), the FOMC minutes from the March meeting, and interest rate decisions from both the Bank of Canada and the European Central...

Could gold close above $2200 this week or next?

Examining the daily gold chart, it appears there's a potential bullish flagpole pattern forming, indicating a possible forthcoming breakout. If this pattern unfolds, gold prices could rise. This week, gold attempted to breach $2,200 but faced rejection, dropping to $2,080...

3 Commodities to watch closely this week

This week's spotlight shines on cocoa, where record-breaking futures prices signal supply shortages due to poor harvests in key producing countries like Ivory Coast and Ghana. European gas futures remain elevated amidst regional tensions following recent attacks, while gold's trajectory...

Gold: pressure building ahead of Fed rate decision

Gold volatility is slowing, and tension building as the Fed announcement gets closer. Despite the historic announcement from the Bank of Japan's to end its negative interest rates policy and the Reserve Bank of Australia maintaining steady rates, gold has...

Gold to set record high after CPI tomorrow?

Gold inched higher on Monday, hovering near its all-time high after a remarkable rally last week. Now traders brace for U.S. inflation data that could offer insights into the Federal Reserve's stance on interest rates, and the direction for gold....

Next week’s key events for traders

Stay ahead in the forex market with insights into upcoming events, including Japanese inflation, RBNZ rate decision, US Fed speeches, and Euro Area inflation, influencing key currency pairs in the week ahead...

$3K gold in 2024 according to Citi

Citi bank suggests that gold prices might experience a surge of up to 50%, reaching $3,000 per ounce this year. This projection is based on two potential scenarios. The first involves a continuation of central banks, particularly those in emerging...

Gold tumbles: Eyes on UK inflation next

The new numbers are in: Current market sentiment suggests a 79% chance in June and an even stronger expectation of a 92% chance for a cut in July. The unexpectedly high US inflation figures have led to a reassessment of...
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