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US retail sales comes in stronger than expected

In a key policy shift, the ECB has recently introduced tiered system of interest rates. This news isn’t of interest only to the banks keeping their reserves at the ECB. In today’s article, you’ll learn about the new instrument of monetary policy, and find out what it implies for the

Gold markets went back and forth during the week, testing a crucial level underneath at the $1450 level. At this point, the market then bounced to show signs of life again.

The gold markets have initially pulled back a bit during the trading session on Friday but have also bounced from the lows. At this point, it looks as if gold is trying to build up a little bit of a basin decide whether or not it can continue to go

Traders are reacting strongly to Kudlow’s comments and gold is being pressured accordingly. It seems President Trump can say all he wants, but the market tends to listen more intently to what Kudlow has to say.

Based on the early price action and the current price at $1464.90, the direction of the December Comex gold futures the rest of the session on Friday is likely to be determined by trader reaction to the main Fibonacci level at $1471.00.

The latest downshift in global macro data is providing a not so subtle reminder of the pernicious effect the protracted US-China trade war is having on the worldwide economy.

Short term momentum remains positive

Gold markets initially tried to rally during the trading session on Thursday but gave back quite a bit of the gains to turn around and show signs of weakness. Because of this, it could very well signify the gold is going to continue to struggle.

Gold is expected to continue to inch higher on short-covering as long as there is tension between the U.S. and China. Gold could spike higher if those tensions escalate. However, if there is a breakthrough in the negotiations then gold could plunge, retesting lows from earlier in the week.

Last week was plenty unsuccessful for Gold. It was the worst week over the previous two years, as the precious metal depreciated by 3.6%.

Yes, you read that right. Despite all the bearish developments that we described in the previous analyses, and despite myriads of bearish factors that remain in place for the following months, it seems that the white metal is about to rally.

Risk-off continues to linger seemingly on the lack of good news on trade talks with China. At this stage, even date and a location for the trade would be a good thing!!! So, without that baby step in place, the markets could be reluctant to push both equites and US

Based on Wednesday’s price action and the current price at $1464.20, the direction of the December Comex gold market late Wednesday/early Thursday is likely to be determined by trader reaction to the main Fibonacci level at $1471.00.

China rethinks its Ag purchases

Gold markets rallied a bit during the trading session on Wednesday, bouncing above the top of the hammer from the previous session. Now that the market has bounce from the $1450 level, it shows that perhaps there will be buyers going forward.

News does drive certain market events and we understand how certain traders rely on news or interest rates to bias their positions and trades. As technical analysis purists, so to say, we believe the price operates within pure constructs of price rotation theory, trend theory, technical indicator theory, and

December Comex gold prices are likely to be underpinned on Wednesday by falling Treasury yields and lower demand for risk. Unless there is a breakthrough in U.S.-China trade relations, concerns over the lack of progress toward a deal are likely going to encourage investors to continue to shed risky assets.

Our summary of the current situation in the precious metals is not going to differ much from what we wrote yesterday, and the reason is simple.

Based on the early price action, the direction of the December Comex gold futures contract on Wednesday will likely be determined by trader reaction to yesterday’s high at $1461.30.