Forecasts & Analysis | Gold

The financial markets are currently in the process of factoring in or getting in front of the upcoming release of the core PCE (Personal Consumption Expenditures) report.

The American currency is trading near multi-month lows, which is bullish for gold markets.

While Flash US PMI declined further in January, the input inflation accelerated.

The gold markets have pulled back just a bit during the trading session on Wednesday, but continues to find plenty of buyers on dips.

European shares struggled for direction on Wednesday as investors awaited corporate earnings for fresh directional cues ahead of a busy week for financial markets.

The U.S. Commerce Dept. is expected to unveil its initial advance fourth-quarter GDP estimates on Thursday, followed by the PCE Price Index on Friday.

Between 2020 and now, quite a lot happened, quite a lot of money was printed, and we saw a war breaking out in Europe. Yet gold failed to rally to new highs.

With inflation appearing to peak and the Fed presumably closer to the end of its tightening cycle than it is to the beginning, we find ourselves in the midst of a gold rally.

Exactly one week from today the Federal Reserve will hold the first Federal Open Market Committee meeting for the calendar year 2023.

Precious metals gained ground as Treasury yields pulled back after the release of U.S. PMI reports.