XAU/USD: High Borrowing Cost to Continue Hurting Gold’s Safe-Haven Appeal
Gold remains under pressure and probes through key Fibo support at $1909 (61.8% of $1804/$2080 […]
XAU/USD Grinds Support
USD/CAD attempts to bounce The Canadian dollar softened after May’s CPI came out of expectations. […]
Gold Price Could Extend Losses Below $1,900
Key Highlights Gold price is struggling to clear the $1,935 resistance. A major bearish trend […]
A Slow Start to the Week, Central Bank Speak and Key Data Eyed
It’s been a relatively slow start to the week so far but things are likely […]
Gold Price Takes a Breather But Bearish Pressure Persists
Gold is hovering inside the 1,921-1,943 area, a tad above its 3-month low and around […]
Geopolitical Chaos, FX Intervention, and US Banks’ Stress Test Results
Russia’s weekend mutiny cast doubts on Putin’s grip on power. No major impact on markets […]
Gold Price and Crude Oil Price Turn Red
Gold price is moving lower below the $1,928 support. Crude oil price is also declining […]
Gold Demand Drops As The US Dollar Recovers
Here’s the scoop on China’s gold demand. According to Bloomberg, the country’s economic slowdown is […]
Gold Tests Nearby Support; Outlook Discouraging
Gold is repeating yesterday’s test of the descending line at 1,926, which helped the price […]
Hawkish Powell Weighs on Stocks, 50 Basis Points on the Table for BoE
European stocks are poised to open a little lower on Thursday, tracking moves we saw […]
Is BoE Prepared to Step Up Inflation Fight in Light of Another Devastating Inflation Report?
Policymakers at the Bank of England will be scratching their heads this morning wondering what […]