Gold

Gold forecast: Crazy to expect rate cut tomorrow?

Mostly yes. Market consensus leans towards the U.S. central bank maintaining current interest rates following the conclusion of its two-day meeting tomorrow. However, the potential impact on the U.S. dollar and gold is likely to hinge on statements from Fed...

Gold rally unlikely after strong US GDP data?

The United States revealed a 3.3% annualized GDP for the three months ending in December earlier today, surpassing the market's 2.0% forecast. The likelihood of an early-year Fed rate cut seems to have diminished even further now, helping curb weakness...

Gold trade: Is the outlook too pessimistic?

A few weeks ago, there was widespread belief in the markets that the U.S. central bank would implement more than 160 basis points of easing in 2024. However, these expectations have substantially moderated since then, leading to a bearish reversal...

Gold: $2,025 – After US Inflation, What’s Next?

Gold's short term prospects might be dependent on upcoming US inflation data for December. XAU/USD currently trades at $2,025, stepping back from an intraday high of $2,042. On Thursday, the US will release the Consumer Price Index for December. The...

What’s next for Gold after $2,100 record? PCE report in sight

As attention in the financial markets shifts towards the upcoming US Personal Consumption Expenditures (PCE) inflation report set for release on Friday, its significance becomes apparent. This report holds the potential to provide crucial insights into future monetary policy adjustments....

Gold Hits $2,000 After Fed’s Surprise, But for How Long?

The Federal Reserve kept its interest rate as 5.25%-5.5% for its December 2023 decision (staying unchanged for a third consecutive meeting). This was in line with expectations, but the big news is that they indicated 75 bps cuts in 2024....

Will gold hit a new record high after NFP?

In recent days, gold has seen a remarkable surge, reaching an all-time high of $2070, fueled by growing speculation surrounding the Federal Reserve's potential monetary easing in 2024. This surge coincides with mounting signs of a cooling U.S. labor market,...

Digital gold up (BTC), spot gold down (XAU)

Bitcoin, often referred to as digital gold, has surged again, extending above $43,000. The crypto has maintained its positive momentum for five consecutive days now, marking a 15% increase over this period. At present, the price hovers around $43,300, after...

Gold’s Outlook: Beyond $2,000 with Eyes on Powell’s Address

Gold reclaimed the US$2,000 threshold yesterday, marking its return to this level for the first time since May, after the US dollar weakened against most major currencies on Monday. The US dollar is now on track for its largest monthly...
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