Forecasts & Analysis | Gold, Page 14
Gold Price Prediction – Prices Edge Higher Following Fed Decision
Gold prices edged higher on Wednesday following the Fed’s decision to keep interest rates unchanged. The Fed said that job gains have been solid, but inflation remains below the Fed’s 2% objective. The Fed said that household spending is rising at a moderate rate. The Fed will continue to assess
Price of Gold Fundamental Daily Forecast – Traders Will Be Looking for Fed’s Response to Coronavirus Outbreak
Finally, as in the past, the Fed may be forced to deal with the consequences of an unexpected event. There is history – the Fed has changed the course of interest rates before due to surprise events. The current surprise the Fed may be forced to deal with is China’s
Gold Price Forecast – Gold Markets Continue To Find Buyers Underneath
Gold markets have been somewhat stable heading towards the FOMC Interest Rate and statement, but at this point it should be obvious that gold is well supported from a longer-term standpoint.
Gold Price Futures (GC) Technical Analysis – Trader Reaction to $1563.60 to $1562.60 Sets the Tone
Based on the early price action and the current price at $1575.50, the direction of the April Comex gold market the rest of the session on Wednesday is likely to be determined by trader reaction to the short-term 50% level at $1568.80.
A Day Of Calm , So Far
Overnight momentum – A solid day in the US equities overnight that was topped off by Apple beating sales estimates in after-hours trading and provided a fillip to Asia-Pacific risk sentiment. But with little follow-through in the extreme risk fragile Asian market, it will be up to Europe to carry
Gold Price Forecast – Gold Markets Pullback To Look For Support
Gold markets pulled back during the trading session on Tuesday, as the US dollar strengthened a bit. That being said it’s likely that we will continue to see a lot of volatility and more importantly, support underneath.