# Gold

#Gold

Gold Commodity

Dollar Torpedos Gold Whilst Oil Checks Its Inventory

Huge inventory draw saves crude’s blushes as a stronger dollar twists the knife in gold’s side. The American Petroleum Institute (API) rode to oil’s rescue overnight reporting a massive 9.2 million barrel...
US Dollar

US Futures Higher, RBA Minutes Dovish, Safe Havens Quelled

Risk off trade a major theme Gold eased off but not no major sell off Dollar Index moving higher on Dudley's comment Oil price struggles due to lack of demand The...
Oil Commodity

Mr Kim Turns Gold and Crude Oil, off the Boil

A perceived drop in North Korea threats and some weak data from China and Europe was all the excuse that stale crude oil and gold longs needed to head for the...
US Dollar Currency

Dollar climbs as war tensions calm; euro drifts lower after poor industrial performance

During European trading hours, the dollar managed to reverse partially from losses made on Friday, after comments by two US civil officials and the South Korean president on Monday eased war tensions between the...
Euro Currency

Forex markets’ reaction muted on economic data, dollar on rise

Forex markets have had a muted reaction to the released economic data during the Asian session. The yen weakened against the greenback despite an upbeat string of figures out of Japan...
Oil Commodity

FOMC’s Song Drowned By Don and Kim

The FOMC may be this week’s data highlight, but it is the Kim and Trump show that will keep energy and precious metals on edge. Crude Oil Both Brent and WTI survived further...
Gold Commodity

Gold steady near 2-mth highs as N. Korea tensions continue

Gold prices held steady after touching their highest in more than two months on Friday, as rising tensions between the United States and North Korea triggered safe-haven buying. "Much of the rally (in gold)...
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Safe-haven assets gain on escalating US-North Korea geopolitical turmoil

Geopolitical woes between the US and North Korea escalated overnight following announcements by the presidents of both countries. In response, safe-haven assets such as the yen, Swiss franc and gold strengthened overnight. The dollar...

Gold Rallies in the Face of Increased Geopolitical Risk

Gold prices firmed overnight to close around the $1260.75 an ounce mark as the precious metal reacted to a range of increased risk emanating from renewed tension on the Korean Peninsula....
Chinese Yuan

Chinese Data Fails Forecast, Dollar and Oil Weakness continues, Gold Edges Higher

Chinese Trade balance shows global growth improving Fed will focus on PPI and CPI data for a rate hike US NFP tail wind for the dollar stops Oil traders focus...
Oil Commodity

Dollar weakens on start of quiet week as other majors up; oil pressured

Forex markets have started the week on a relatively quiet note regarding economic releases. During the Asian session, New Zealand inflation expectations and German industrial output in June were the main...
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After Math of US NFP & What To Do Now

The US NFP data was released and in the initial reaction the dollar moved higher, Treasuries fell and the equity markets loved the news. The US non-farm employment number came ahead...
Gold Commodity

How To Trade Gold Ahead of US NFP

US NFP would impact the gold price Technicals are showing some important signals Investors have one focus, which is what the impact of the US non-farm payroll data on the Fed...

Oil and Gold Sleepy Pre NFP

NFP data this evening squashes volatility in Asia as traders adopt and sit and wait approach. Crude Oil Caution seemed to be the catchword in oil markets overnight. Traders were unwilling to add...
Euro Currency

Positive eurozone data supports euro; dollar under pressure ahead of GDP figures

As Asian traders were about to close the trading week, the dollar was pressured again, with the dollar index falling a tenth-of-a-percent to 93.76. The euro gained as a string of...
FOMC - Janet Yellen

Dollar bruised by Fed caution

The Dollar tumbled to fresh 13-month lows against a basket of currencies during early trading on Thursday, after July’s Federal Reserve policy statement was presented with a dovish touch. Although the...
US Dollar Currency

Dollar softens ahead of FOMC meeting; Saudi Arabia helps push oil prices up

During the Asian session, forex markets didn’t have much to react to in the absence of important economic releases. Hence, yesterday’s events along with the upcoming two-day US Federal Open Market...
Japanese Yen

Yen weakens following BoJ meeting; aussie gains on healthy job market

Forex markets experienced more volatility today as it was busier one compared to others this week. The yen weakened against the dollar following the release of the Bank of Japan monetary...

Is Gold’s Corrective Wave Entering its Final Stages?

Gold prices have been on the mend in recent weeks but, in doing so, they could be preparing the metal for another slide to the downside in the near-term. Indeed, the...
Gold Commodity

GOP Boosts Gold as Oil Consolidates

The GOP’s infighting weakens the dollar, boosting gold, whilst oil consolidates its recent gains. OIL Oil flip flopped in a choppy one dollar range overnight with both Brent and WTI spot ending up almost...

Gold Shines as Oil Consolidates

Gold was the main beneficiary of the U.S. Dollars woes overnight as oil consolidates its recent gains. Oil Crude paused for breath overnight with both Brent and WTI trading in a one dollar range....
Oil Commodity

Sentiment Send Oil and Gold Higher in Asia

Bullish sentiment remained high in Asia as a weaker U.S. Dollar gives helpful tailwinds to both oil and gold. Oil Crude oil opened in Asia in a positive mood, with both Brent and...
Oil Commodity

Dead Cat Bounces for Gold and Oil Overnight

Gold and oil both had different reasons to rally overnight, but instead, all we got were dead cat bounces. GOLD Gold briefly rallied to the 1226.00 regions overnight as Yellen’s semi-annual testimony on...
Donald Trump

Dollar slides amid new discoveries in Trump controversy; markets eye Yellen’s testimony

The dollar fell to a more than one-week low against a basket of major currencies in late US trading yesterday, after U.S. President Donald Trump’s eldest son released an email chain...
Currencies

Aussie gains on strong business conditions; dollar strength unfolds; oil up slightly

As the Asian markets were about to close for the day, the dollar continued strengthening against the yen and the euro. The Australian dollar rose for the day on strong business...
Japanese Yen

Yen extends losses, pound holds ground

Global equity markets started the week on a positive note. Copper (+0.13%), zinc (+0.63%) and steel bar (+2.18%) traded higher in Asia, as the cooler Chinese inflation eased expectations of a further...
US Dollar Currency

Dollar continues to strengthen; euro steady; commodities pressured

As the Asian markets were coming to a close, the dollar continued gaining against the yen following a strong boost on Friday. In the meantime, the yen was also weakened by...

Oil Traders Are Whipsawed As Gold Gets De-rated

Talk of OPEC cuts is a false dawn with traders whipsawed, as higher global rates leave gold on the back foot. CRUDE Two weeks away was well timed as oil prices rallied over...

Is Gold Making a Beeline for the 1180.00 Handle?

As a result of a breakout below its long-term trendline, gold has ostensibly confirmed recent fears that the metal’s trajectory is going to be rather bearish moving ahead. Indeed, Monday’s nearly...
Japanese Yen

Risk-Off Sentiment?

The markets on Tuesday erred towards a risk-off sentiment, with the typical “safe haven” instruments such as gold and JPY in demand whilst equities dipped following an apparent milestone in North...

LATEST

GBP recovers to 1.29 on surprise UK wages data

Great British Pound Currency
The UK wages growth surprised on the upside, as the British households saw their average earnings improved...

UK unemployment falls again to lowest since 1975, wage growth still lacklustre

Employee at Steel Plant China
Britain's unemployment labour market bucked tepid economic growth in the second quarter as the unemployment rate unexpectedly...

US Dollar holds gains

Federal Reserve
The dollar held on to big gains on Wednesday ahead of today's Federal Reserve's minutes. The Fed releases...

Dollar Torpedos Gold Whilst Oil Checks Its Inventory

Gold Commodity
Huge inventory draw saves crude’s blushes as a stronger dollar twists the knife in gold’s side. The American...

EUR/CHF: Limited Downside Risks From Current Levels; Staying Long

SWISS FRANC
Credit Agricole CIB FX Strategy Research argues that EUR/CHF faces limited downside risks from current levels on the ground that...
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