GOLD The resurgence of inflation expectations, a rally in treasury yields and the possibility of seeing a stronger dollar in the next few months all hit the gold price in the last few trading sessions. In early Monday trading, we are seeing a different movie, as bullion is trying to rebound from the fresh 7-month-low achieved…
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GOLD Gold: double or quits? This proposition well represents the current situation for the yellow metal. Bullion just reached a new seven-month low at $1,760, before showing some rebound impulse to $1,775. We are now seeing an interesting challenge between the long term bullish trend and the short term bearish movement, which seems to be…
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GOLD The weather remains sunny on stock markets, but not for gold. Indeed, after an excellent 2020, we are seeing a little storm on bullion, hit by the recovery of US yields and by the strength of the optimism that is dominating share trading. After five days in a row in red, we are seeing…
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GOLD Gold has fallen below $1,800 with the price suffering as US yields surge to pre-crisis levels. Thanks to the economic stimulus doled out by the Federal Reserve, inflation could be back, as highlighted by James Bullard, a member of the FOMC. This could mean higher yields and a stronger US dollar, an unhelpful mix…
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EUROPEAN SHARES European shares fluctuated on Thursday, following a slightly positive Asian session on lower volumes than usual, as investors continue to digest disappointing inflation figures from the US. However, despite this short-term pause, there is nothing threatening from a technical point of view. Most benchmarks are still trading above strong support levels with no…
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GOLD Gold is edging closer to the first resistance level at $1,850, thanks to a weakening dollar. A clear climb above this threshold could open space for further recoveries, but so far the general risk on mood on stock markets is pushing investors to buy riskier assets, hoping for quicker profits. Despite some signs of…
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GOLD Gold has rallied slightly in the last few hours but remains under pressure from various factors that have seen the price fall below $1,800. Strength shown in many stock markets in recent days has pushed investors to look for riskier assets, while more positive signals in the US labour market is bringing hope for…
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GOLD Gold is extending its loss in the general risk on scenario with investors betting on riskier assets, trying to achieve quicker gains. Moreover, the US Dollar is continuing to recover, and this is causing the bullion price to decline. Growing expectations about a relatively quick end to the pandemic are raising hopes on the…
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GOLD AND OIL All seems to be extremely calm as traders and investors wait to hear from Jerome Powell, Chair of the Federal Reserve, to try and understand if the US central bank is considering any tapering or has any concerns about the possibility of inflation in the next few months. In this scenario, gold…
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GOLD Uncertainty is the dominant theme on the gold market currently with bullion steady with little volatility as investors wait for a new market driver. After the fall in stock seen over the last few days, traders are trying to understand if this was only a correction of if the movie just started. Meanwhile, they…
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