Gold Under PressureGold prices have turned sharply lower over the last week against the backdrop of a rising US Dollar. US yields have hit their highest levels since 2007/2008 on the back of the Fed’s...
Gold Under Pressure as USD Climbs
Gold Fails at Resistance It seems that gold bulls just can’t catch a break. Despite Fed rate hike expectations fading over the last month, a fresh rally in USD has acted as a major barrier to upside...
Gold Prices Rally Ahead of US PCE Data
Gold Higher on Softer USDGold prices are rising sharply ahead of the next round of key US data today. On the back of weaker-than-forecast JOLTS job opening, consumer confidence, services and...
Gold Recovery Continues As USD Slips On Data Misses
Falling Dollar Supports GoldGold prices were seen rallying more than 1% yesterday as softer-than-forecast US data weighed on the Dollar. US Consumer Confidence was seen falling to 106.1 from 114...
Gold Rallying On Falling US Yields
Metals Moving UpThe metals market is rallying back this week. After coming under heavy selling pressure over the last month, gold futures are on course to print their fourth consecutive positive...
Gold Sell Off Deepens - Powell On Watch
USD Rally Weighing on GoldGold prices remain under pressure this week as USD strength continues to limit upside momentum in metals. Recent data strength out of the US, along with some hawkish Fed...
Gold At Key Support Ahead of FOMC Minutes
USD Rally Weighs on GoldGold prices have been drifting lower over recent weeks amidst the fresh uptick we’ve seen in USD. With traders now growing more uncertain over the projected US rate path in...
Gold Traders Brace For US CPI
US CPI On DeckToday’s the day. After a slow week of summer trading conditions, the market prepares to receive the latest round of US inflation data. Given that expectations are a little more mixed...
Gold Prices Lower As USD Gains Ahead of Thursday's CPI Data
Hawkish Fed Risks RemainGold prices are looking a little softer through the European morning on Tuesday as USD regains some ground. While Friday’s data saw the NFP undershooting forecasts, a move...
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