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Central Bankers Take Center Stage

Both the FOMC and Bank of Japan will share the centre stage this week but let us not forget the Austalia Q2 CPI, which will be vying for some of the spotlights. Federal Reserve -Conundrum  The Federal Reserve Board( Feds) capably stage- managed a masterful decline in real US rates in Q2  propelling risk sentiment skyrocketing […]

Gold Rebounds as BoJ, ECB Eye Further Easing

Gold has rebounded on Thursday with gains, erasing most of the losses sustained in the Wednesday session. In the North American session, the metal is trading at a spot price of $1329.35 per ounce. On the release front, it was a busy day and US indicators were mostly positive. Unemployment Claims and Existing Home Sales both beat […]

Gold Slips to New July Low on Renewed Hopes for Fed Hike

Gold has recorded considerable losses on Wednesday. In the North American session, the metal is trading at a spot price of $1319.05 per ounce. On the release front, it’s a very light day, with just one event on the schedule – Crude Oil Inventories. The indicator posted a decline of 2.3 million, well off the estimate […]

Gold Remains Subdued, Markets Eye ECB Meeting

Gold continues to have an uneventful week. In Tuesday’s North American session, the metal has inched upwards and is trading at a spot price of $1332.54 per ounce. It’s a quiet day on the economic front, with the schedule comprised of two construction indicators. Building Permits matched the forecast at 1.17 million while Housing Starts was […]

Gold Edges Lower at Start of Week, Construction Reports Next

Gold has edged lower on Monday, as the metal trades at a  spot price of $1327.87 per ounce. In the US, the markets are looking for cues, as there are no major events on the schedule. NAHB Housing Market Index showed little change, posting a reading of 59 points. TIC Long-Term Purchases will be published later in […]

USD/CAD Canadian Dollar Lower After Oil Glut Keep Prices Down

The Canadian dollar started the week trading lower against its American counterpart. The failed Coup in Turkey built energy price anxiety that dissipated as the country did not suffer more than a short term shock as the political institutions regained power. The drop in oil prices as the potential disruption of Turkish ports never materialized […]

Pound Made of Sterling Stuff

The dominant theme for this week is “risk-on” and this despite today’s session, so far, trading in a subdued range after another terrorist attack on French soil last night. With investors willing to apply more risk, funds have flow out of fixed income and into stocks, pushing global indices to record new record high prints, […]

Gold Drops to New July Lows as US Numbers Improve, BoE Stands Pat

Gold has reversed directions on Thursday and resumed downward movement. In the North American session, the metal is trading at $1329.30. In the US, Unemployment Claims remained at 254 thousand, beating expectations. There was more good news on the inflation front, as the Producer Price Index rose 0.5 percent, beating the estimate. Over in the […]

XAU/USD – Gold Stems Losses as Markets Fret Over Brexit, BoE Rate Decision

Gold has reversed directions and moved higher on Wednesday, following strong losses over the past two sessions. The metal is trading at $1343.58 in North American trade. On the release front, Crude Oil Inventories came in at -2.5 million, weaker than the estimate of  -2.3 million. US Import Prices posted a weak gain of 0.2%, well below […]

XAU/USD – Gold Slide Continues as Risk Appetite Improves

Gold has posted losses on Tuesday, continuing the downward trend which marked the Monday session. The metal is trading at $1334.62 in the North American session, its lowest level since July 1. On the release front, it was another quiet day in the US. JOLTS Job Openings dropped to 5.50 million, well below the estimate […]

Gold Dips to $1360 as British Political Picture Stabilizes

Gold has started the week with losses, trading at a spot price of $1358.05 per ounce in North American trade.  In the UK, the Conservatives have chosen Home Secretary Theresa May to replace Prime Minister David Cameron. On the release front, it’s a very quiet start to the week. The sole US indicator on the […]

Gold Loses Ground as US Job Numbers Impress Markets

Gold is lower on Thursday, following four straight winning sessions. Gold is trading at a spot price of $1361.13 per ounce in North American trade. There was positive news on the employment front as ADP Nonfarm Employment Change and Unemployment Claims both beat expectations. On Friday, we’ll get a look at the all-important Nonfarm Employment Change, with […]

XAU/USD – Gold Climbs to 27-Month High as Brexit Weighs on Markets

Gold has posted small gains on Wednesday, continuing the upward movement we have seen throughout the week. Gold is trading at a spot price of $1365 per ounce in the North American session. On the release front, ISM Non-Manufacturing PMI was unexpectedly strong, climbing to 56.5 points. This marked the strongest gain in eight months. The US trade […]

Brexit Bloodbath Intensifies

Five things the markets are talking about The theme thus far, in this holiday shortened trading week, has been all about risk aversion. Investors it seems prefer to proceed with caution, egged on by the Bank of England’s (BoE) negative indictment of the U.K economy after the historic Brexit vote. Risk assets have been taking […]

Gold Inches Higher, Markets Eye Fed Minutes

Gold has posted small gains on Tuesday, following gains which marked the Monday session. Gold is trading at a spot price of $1355 per ounce in the North American session. On the release front, there are no major US events on the schedule. Factory Orders declined 1.0%, the first drop in three months. As well, IBD/TIPP Economic Optimism […]

The Pounds Relief Rally is Officially Over

Five things the markets are talking about Post Brexit jitters this morning has returned to hurt the pound, putting an end to last week’s relief rally, and push sterling to a new two-and-a-half year low against the EUR. Today’s instigators are the news of Standard Life Investments suspending trading in a large U.K. commercial real-estate […]

XAU/USD – Gold Moving Higher, Close to 2-year High

Gold prices have posted gains on Monday, continuing the trend which marked the Friday session. Gold is trading at a spot price of $1350 per ounce in the North American session. On the release front, US markets are closed for the Fourth of July holiday. Gold has started the new trading week with gains. The base […]

XAU/USD – Gold Climbs as Bank of England Says Rate Cut Coming

Gold has posted gains on Friday, continuing the upward movement which marked the Thursday session. The metal is trading at $1332 per ounce. On the release front, today’s highlight is ISM Manufacturing PMI. The indicator is expected to remain unchanged at 51.3 points. The aftershocks in the wake of Brexit continued on Thursday, as Bank of England Governor […]

Gold Inches Higher as US Jobless Claims Rise as Expected

Gold prices has posted small gains on Thursday, erasing the losses seen in the Tuesday session. Gold is trading at a spot price of $1319 per ounce in the North American session. On the release front, Unemployment Claims climbed to 267 thousand, within expectations. As well, Chicago PMI jumped to 56.8 points, well above expectations. On Friday, […]

XAU/USD – Gold Gains Ground on Dismal Housing Report

Gold prices has posted gains on Wednesday, erasing the losses seen in the Tuesday session. Gold is trading at a spot price of $1324 per ounce in the North American session. On the release front, Pending Home Sales plunged 3.7%, much worse than expected. US Personal Spending posted a gain of 0.4%, matching the forecast. On Thursday, […]

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