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XAU/USD – Gold Steady as US Posts Mixed Numbers

Gold has edged higher on Tuesday, as the metal trades at $1342.26 in the North American session. On the release front, the Richmond Manufacturing Index came in minus -11, well short of expectations. US New Homes Sales sparkled with a gain of 654 thousand, well above the forecast of 575 thousand. On Wednesday, the US […]

Big Dollar Not So Mighty

Five things the markets are talking about With investors reluctant to place large directional bets ahead of the Jackson Hole address by Fed chair Yellen this Friday has asset price moves remaining somewhat contained. Despite this, the ‘mighty’ dollar is beginning to look a tad sicklier ahead of this morning’s U.S open. With the lack […]

XAU/USD – Gold Quiet at Start of Week, Housing Report Next

Gold has ticked higher on Monday, as the metal trades at $1339.24 in the North American session. There are no US releases on the schedule. On Tuesday, we’ll get a look at New Home Sales, a key indicator. Later this week, central bank heads and other senior financial officials will meet for the annual tête-à-tête in Jackson Hole, […]

Rising Yields Melt Silver in Asia

Fridays bond sell-off sends commodities and precious metals lower in Asia. Watch global bond yields ahead of Jackson Hole. Monday mornings at 6 am Singapore can be an emotional time for traders. The fact that many of us are at work then aside! Monday 6 am is a magical witching hour when electronic trading starts […]

Markets Fish For Fed Clues

Five things the markets are talking about Most of the big’ dollars strength has come on the back of a number of ‘bullish’ Fed member comments over the past few sessions. Late last week, Fed members Dudley and Williams both suggested that they would not completely rule out an interest rates hike in September. Last […]

XAU/USD – Gold Dips as Markets Eye Fed’s Rate Debate

Gold prices are lower on Friday, as the metal trades at $1339.52 in the North American session. It’s a quiet end to the trading week, with no US releases on the schedule. US indicators were positive on Thursday and continue to boost the US dollar. US unemployment claims dropped to 262 thousand, beating the forecast […]

XAU/USD – Gold Listless as Fed Divided Over Rate Move

Gold has ticked lower on Thursday, as the metal trades at $1350.63 in the North American session. On the release front, the Philly Fed Manufacturing Index improved to 2.0 points, while Unemployment Claims dipped to 262 thousand, as both indicators beat expectations. Gold prices are sensitive to interest rate movements, so any hint in the Federal […]

Sterling Bears Feel the Heat After Retail Sales

Five things the markets are talking about It’s not a surprise to see the dollar turning lower post-FOMC minutes yesterday. The Fed’s communiqué illustrated a conflicted outlook for rate hikes; with some Fed members wanting to wait until inflation firms and others saying a rate increase would be warranted. A confusing message should have been […]

XAU/USD – Gold Steady as All Eyes on Fed Minutes

Gold has ticked lower on Wednesday, as the metal trades at $1345.59 in the North American session. On the release front, the Federal Reserve will release the minutes of its July policy meeting. We’ll also hear from FOMC member James Bullard, who will speak at an event in St. Louis. On Thursday, the US will release […]

XAU/USD – Gold Posts Gains as US Inflation Levels Dip

Gold has posted slight gains on Tuesday. In the North American session, gold is trading at $1346.97. On the release front, it was a busy day in the US. CPI posted a flat reading of 0.0%, while Core CPI gained 0.1%. Building Permits came in at 1.15 million, very close to the forecast. On Wednesday, the FOMC will […]

Dollar on the Defense After More Bad News

Five things the markets are talking about The ‘big dollar’s demise over the past few trading sessions is being driven by mixed U.S data and fixed incomes’ repricing of the U.S yield curve. The first regional Fed factory report for the month yesterday did not bode well for U.S manufacturing (dropped sharply to -4.2 from […]

Gold Edges Higher, CPI Reports Next

Gold has started the new trading week with small gains. In Monday’s North American session, gold is trading at $1341.17. On the release front, there were no major US events on the schedule. The Empire State Manufacturing Index dropped 4.2 points, well below expectations. On Tuesday, the US will release consumer inflation reports and Building Permits. CPI is […]

Supply Glut Not Stopping Crude’s Rally

Five things the markets are talking about Capital markets are again adjusting themselves to disappointing data from the world’s largest economy. Friday’s July U.S retail sales data was not inspiring, with both the headline and core readings flat on a m/m basis, a big deceleration from the decent growth seen in the revised June report. […]

U.S Retail Sales A Big Disappointment

U.S. retail sales were unexpectedly flat in July as Americans cut back on purchases of clothing and other goods, pointing to a moderation in consumer spending that could temper expectations of an acceleration in economic growth in the third quarter. The Commerce Department said on Friday that the unchanged reading last month followed an upwardly […]

XAU/USD – Gold Subdued, Markets Await US Retail Sales and CPI

Gold is showing little movement on Thursday. In the North American session, gold is trading at $1345.85. On the release front, it’s another quiet day. There was more good news from the US labor market, as Unemployment Claims dropped to 266 thousand, beating expectations. Friday will be busy, as the US releases key retail sales, CPI and consumer […]

XAU/USD – Gold Subdued, US Job Openings Jumps

Gold continues to have a quiet week, as major economic releases have been few and far between. In Wednesday’s North American session, the gold is trading at $1344.83. On the release front, employment numbers continued to impress, as JOLTS Jobs Openings improved to 5.62 million, easily beating expectations. Crude Oil Inventories was unexpectedly strong, posting a surplus of 1.1 […]

Palladium and Platinum Shine in Asia

PALLADIUM OUTSHINES PRECIOUS METALS. Precious metals were the centre of attention today with Gold +1% and Silver + 2% to regain $20.00. However, it was the platinum group metals (PGM’s) that really shone in Asia trading. Platinum is finishing +2 % on the day with Palladium; it’s often forgotten little brother, the real star, up […]

XAU/USD – Gold Edges Higher as US Productivity Declines

Gold has posted small gains on Tuesday, after a listless Monday session. In the North American session, the pair is trading at $1341.19. On the release front, it continues to be a quiet week. US numbers were a mixed bag. Preliminary Nonfarm Productivity disappointed with a decline of 0.5%, while Preliminary Unit Labor Costs gained 2.0%, above the estimate. Is […]

Dollar Positions Recalibrate

Five things the markets are talking about Investors are revising their latest outlook about the direction of the ‘mighty’ dollar – mainly on account of last week’s stellar non-farm payroll (NFP) report and the Bank of England’s (BoE) latest rate decision – and the changing odds for a Fed rate hike in H2. This mood […]

Gold Forecast for Second Half of 2016 – Trends And Expectations

Gold up 21 percent since the start of 2016 Gold reacts to key US economic indicators Gold closely linked to US monetary policy Weak Chinese/global growth in first quarter boosted gold Geopolitical risks and US presidential election important factors in price movement XAU/USD – 2016 Review and Forecast Gold (XAU/USD) has racked up impressive gains […]

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