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Gold Jumpy Ahead of Brexit Outcome, US Jobless Claims Dip

Gold has moved in both directions on Thursday, but has shown little net movement over the day. The metal is trading slightly above the $1260 level in the North American session.  On the release front, US numbers were a mix. US unemployment claims slipped to 259 thousand, below expectations. However, New Homes Sales dropped to 551 […]

Gold Rush to End Whether or Not UK Votes to Exit

Gold’s sharp gains on uncertainty over Britain’s European Union membership are likely to come to an end, regardless of whether Britons vote to leave or remain in Thursday’s referendum. Prices XAU= hit their highest since August 2014 last week as the $5-trillion a year gold market rose with other “safe” assets, such as German bunds, […]

Gold Slips Ahead of Yellen Speech

Gold has posted considerable losses on Tuesday, after showing limited movement in the Monday session. Spot gold is trading at $1268.76 per ounce in the North American session, marking a 10-day low. In economic news, there are no US economic releases for a second straight day. The markets will be listening closely to Federal Reserve […]

Gold Steady, Markets Eye Yellen Testimony

Gold has posted small losses on Monday, following strong gains in the Friday session. Spot gold is trading at $1285.86 per ounce in the North American session. In economic news, it’s a quiet start to the trading week. There are no US releases on the schedule. On Tuesday, Federal Reserve chair Janet Yellen will appear before the Senate Banking […]

Aggressive Risk Rally After U.K Polls

Five things the markets are talking about. With Britain going to the polls Thursday (June 23) to vote on its European Union membership is just one of several significant events this week that could have a massive impact on the ECB. Elsewhere, in Spain a national election could raise further questions about the future of […]

Gold Rally Continues, Punches Past $1300

Gold has posted slight gains on Thursday, continuing the trend seen we have seen for most of the week. XAU/USD is trading at $1301.73 in the North American session. In economic news, consumer inflation was soft but within expectations, as Core CPI and CPI both posted small gains of 0.2%. The Philly Fed Manufacturing Index beat expectations, […]

Gold Steady as Markets Anxiously Await FOMC Rate Statement

Gold is showing limited movement on Wednesday, continuing the trend seen in the Tuesday session. XAU/USD is trading at $1283.95 in the North American session. On the release front, today’s highlight is the FOMC rate statement, with the markets expecting the Federal Reserve to maintain the current benchmark rate of 0.25%. Will we see some movement from […]

Gold Unchanged as Markets Eye Fed Rate Statement

Gold is almost unchanged on Tuesday, following losses in the Monday session. XAU/USD is trading at $1282.43 in the North American session. On the release front, Core Retail Sales matched the forecast with a gain of 0.4%, while Retail Sales edged above the forecast, climbing 0.5%. On Wednesday, the Federal Reserve will release its rate statement, with the markets […]

Gold Continues to Climb, US Jobless Claims Dip

Gold has posted slight gains on Thursday, continuing the upward movement we saw in the Wednesday session. XAU/USD is trading at $1269.88 in the North American session. This marks the metal’s highest level in three weeks. There was positive on the employment front, as Unemployment Claims dipped to 264 thousand, beating expectations. On Friday, the US will […]

Gold Climbs as Expectations of June Hike Fading

Gold has posted strong gains on Wednesday, as the pair trades at $1260.20 in the North American session. This marks the metal’s highest level in 3 weeks. On the release front, JOLTS Jobs Openings improved to 5.79 million, easily beating expectations. Crude Oil Inventories posted a strong decline of 3.2 million barrels, matching the forecast. On […]

Gold Ticks Lower, Yellen Mum on Rate Move

Gold continues to have a quiet week, as the pair trades at $1242.98 in Tuesday’s North American session. In economic news, there are no major US releases on the schedule. US employment indicators continue to sag, as Revised Nonfarm Productivity posted a decline of 0.6%, matching the forecast. Fed Chair Janet Yellen delivered a closely-watched speech on […]

Gold Unchanged After Sharp Gains on Friday

Gold is unchanged at the start of the week, as the pair trades at $1246.89 in Monday’s North American session. In economic news, it’s a very quiet start to the week. Monday’s only economic release, Labor Market Conditions Index, posted a decline of 4.9 points. As well, Fed chair Janet Yellen will deliver remarks at an event […]

Gold Jumps as Nonfarm Payrolls Plunge

Gold has climbed sharply in Friday’s North American session, as the pair trades at $1237.92 an ounce. In economic news, US Nonfarm Payrolls dropped to an astounding 35 thousand, well short of expectations. Average Hourly Earnings came in at 0.2%, matching the forecast. The unemployment rate dipped to 4.7%, beating the forecast. Later in the […]

Gold Subdued as No Surprises from US Job Numbers

Gold continues to have a quiet week as the metal trades at a spot price of $1210.70 an ounce in the North American session. In economic news, ADP Nonfarm Payrolls came in at 173 thousand, very close to the forecast. Unemployment Claims were almost unchanged at 267 thousand, within expectations. On Friday, we’ll get a look at […]

Gold Edges Lower, Markets Await US Job Numbers

Gold is showing little movement on Wednesday, trading at a spot price of $1210.60 an ounce in the North American session. In economic news, today’s key event was ISM Manufacturing PMI. The index improved to 51.3 points, beating the estimate of 50.5 points. On Thursday, the US will release two major employment releases, ADP Nonfarm Payrolls and […]

Gold Steady on Mixed US Consumer Reports

Gold is showing little movement on Tuesday, trading at a spot price of $1213.30 an ounce in the North American session. In economic news, CB Consumer Confidence dipped to 92.6 points, well short of the estimate. Personal Spending climbed 1.0%, beating the estimate. On Wednesday, the US releases ISM Manufacturing PMI, a key indicator. US consumer numbers were a […]

Gold Just Above $1200 in Light Holiday Trading

Gold is showing little movement on Monday, trading at a spot price of $1206.20 an ounce in the North American session. Earlier in the day, gold touched below the symbolic $1200 level. In the US, markets are closed for Memorial Day, so there are no US releases. Due to the holiday, we can expect light trade on Monday. […]

Yellen’s Comments Boost Dollar, Hurts 10’s And Gold

Five things the markets are talking about Despite the holiday shortened trading week for two of the markets biggest financial centers (U.S and U.K closed today), investors are required to be ‘fleet of foot in a week packed with market moving events. Fed rhetoric has been ‘hawkish’ of late and the market now requires the […]

Dollar Direction To Be Dictated By Yellen Today

Five things the markets are talking about Directionless range bound trading continues to dominate proceedings ahead of the bank holiday long weekend in the U.S and the U.K. As has been the nature of trading in May, without fresh impetus, investors are wary about strapping on aggressive new positions. Even with the uptick in ‘hawkish’ […]

Gold Subdued, US Durable Goods, Employment Reports Improve

Gold continues is steady on Thursday, continuing the lack of movement which marked the Wednesday session. The metal is trading at a spot price of $1222.022 an ounce in the North American session. On the release front, US indicators enjoyed a strong day. Core Durable Goods Orders posted a gain of 0.4%, above the forecast. Unemployment claims […]

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