Forecasts & Analysis | Gold, Page

Based on the current price at $1342.30, the direction of the August Comex gold futures contract into the extended close is likely to be determined by trader reaction to the short-term 50% level at $1342.90.

Gold consolidates ahead of Fed

Gold markets went back and forth during trading on Monday as traders came back to work from the weekend. However, we have a major barrier just above us so it’s not a huge surprise that we haven’t been able to go anywhere. Of course, with the FOMC meeting and statement

Gold prices stopped rising early in the third week of June. On Monday June 17th, the Troy ounce is trading at 1340.10 USD with the last week’s high being at 1362.20.

On Monday, gold prices are recovering from their lows following the release of a weaker-than-expected Empire State Manufacturing Index report. It came in at -8.6, well below the 12.1 forecast and 17.8 previous read. We’re not expecting major moves in Treasury yields or the stock market ahead of the Fed

Not too surprising ahead of the key FOMC meeting markets are opening tentatively this morning, with equity futures pointing to small losses in Asia as trader pivot to what can best be described as a tricky balancing act when the Federal Reserve Board meets later in the week.

We can look back at recent themes in global markets to set a platform and a stage 2H19 in FX markets. And, there is always merit in that, because when we consider what seems to be brewing and the massive implications for FX markets, then, we can assess the trigger

I’m not expecting too much of a reaction to the Fed news from gold traders. The next two moves by the Fed have been telegraphed for at least a week. In my opinion, the Euro is going to have a bigger influence on the price action. A weaker Euro will

The current economic expansion has just equaled with the longest boom in US history. Is that not suspicious? We invite you to read today’s article, which provides you with the valuable lessons from the 1990s expansion for the gold market and find out whether the US economy will die of

As we mentioned last week, Gold should at minimum be on everyone’s radar if not in everyone portfolio. After the break of the psychological $1350, Gold is reclaiming its rightful status as a must-have asset in everyone’s investment portfolio.

Strong retail sales revisions weigh on gold prices

Gold markets tried to break above the $1350 level during the week but gave back the gains on Friday. At this point, we have a lot of things to pay attention to, as we are pressing major resistance.

Gold markets rallied initially during the trading session on Friday, breaking above the $1350 level. That being said, we did not pulling back from there and forming a massive shooting star.

The real reason for the surge in gold prices are concerns over a weakening global economy following a report of lower Chinese industrial output growth to a more than 17-year low of 5% in May, and lower than expected retail sales data in the United States.

The mood across financial markets was cautious this morning as rising geopolitical tensions in the Middle East and persistent uncertainty over US-China trade developments capped risk appetite.

All the markets’ attention is focused on the US & China Retail Sales and Industrial production.

US market received an unexpected bounce from surging oil prices as energy stocks topped the list of winners. But investor sentiment remains supported by the one constant that keeps the S&P 500 ticking, the allure of the Federal Reserve easy money policy.

When we think about the current environment for precious metals, one has to understand that fear and greed don’t have to be tangible or overwhelming. This process is almost like a perpetual motion machine. Once the process gets started where investors pile into Gold because of the fear

U.S. consumer inflation has moderated recently. Trade wars go on. What the Fed will do now? Let’s not forget the recent ECB monetary policy meeting. It carries implications for both EUR/USD and gold. Just what are they?

Based on the current price at $1345.60, the early direction of the gold market on Friday is likely to be determined by trader reaction to the short-term retracement zone at $1341.60 to $1338.20.