General information
Spot gold has been pulled back slightly after the stronger-than-expected US GDP data dampened hopes that the Fed can turn less hawkish in the near future.
27 January 11:07
Gold’s traditional role as a safe haven has been bolstered by rising fears over a global recession. Spot gold has reached levels not seen since April thanks to the US dollar relinquishing its grip on the safe haven throne while US 10-year yields have printed a fresh cycle low in sub-3.5% territory.
20 January 12:56
Spot gold has been on a tear in these early days of 2023, surpassing the psychologically-important $1900 mark and reaching levels not seen since early-May 2022.
13 January 12:27
Gold bulls are raring to go once more, even as the upcoming NFP and US inflation data loom. Despite Thursday’s pullback on the latest show of resilience from the US labour market, bullion has kicked off the new year in relatively fine form, with the spot price hitting a 6-month high earlier this week.
6 January 10:42
Gold’s fortunes in 2022 were primarily dictated by the US dollar’s dominance that was fuelled by the Fed’s aggressive battle against inflation.
30 December 11:13
Gold has been dragged back below the psychologically-important $1800 mark after the US economy’s latest show of resilience.
23 December 12:17
Gold prices were forced to reconcile this week with a Fed that remains intent on sending US interest rates even higher, much to the chagrin of gold bulls.
16 December 11:15
Gold bulls are in a never-say-die mood, attempting to post a third consecutive weekly gain and erase declines stemming from Monday’s stronger-than-expected US service PMI print.
9 December 12:34
Gold bulls stepped into higher gear on Thursday, propelling the precious metal past the psychological $1800 level as cooler-than-expected US inflation fuelled hopes of a less aggressive Federal Reserve.
2 December 08:55
Gold is attempting to hang on to a weekly gain, as it finds a firmer footing around the mid-$1700 region for the time being, making the most of the dollar’s pullback this week.
25 November 11:49
Gold glittered slightly on Friday as the dollar weakened, clawing back some the previous sessions losses amid hawkish comments on rates from Fed officials. Nevertheless, gold bulls remain in a position of power...
18 November 08:00
Spot gold got a massive boost from the US dollar’s tumble following Thursday’s lower-than-expected US inflation data.
11 November 12:12
Spot gold is attempting an unexpected weekly gain, despite Fed Chair Jerome Powell roundly quashing hopes for a “pivot” by policymakers.
4 November 10:35
Spot gold’s attempt to carve out a weekly gain is on the cusp of being foiled by the US dollar’s recovery heading into the weekend.
28 October 13:16
The past few days have been rough for gold which is heading for a second weekly decline.
21 October 09:39
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