'Hawkish Pause' Increasing Downside Risks for Gold
Bears Calling For USD Drop Over recent months, a lot of major players have been calling for a shift lower in USD premised on the end of the Fed tightening cycle which has been in place across the...
Gold Prices Plunge As USD Rises Following NFP
US Jobs Jump Last Month Friday’s US labour market numbers certainly made for interesting reading. A bumper NFP result of 339k vs 193k expected would certainly make a strong case for the Fed hiking...
Gold Prices Soft Ahead of US ISM Manufacturing PMI
ISM Manufacturing Expected 47, 47.1 PreviousToday’s US ISM Manufacturing number will be closely watched on the back of the PMI weakness we’ve seen recently. The US factory sector has been trending...
Gold Prices Drop Sharply - Fed/US in Focus
Fresh Fed Rate Hike ExpectationsA resurgence in hawkish Fed expectations for the June meeting and beyond has fuelled a sharp rally in USD over the last week. On the back of last week’s FOMC minutes,...
Firmer USD Sends Gold LowerGold prices are plunging today amidst a fresh uptick in the US Dollar. The metal is now down more than 5% from YTD highs and looks vulnerable to a fresh fall lower should...
Precious Metals Monday 24-04-2023
Metals Under Pressure on MondayThe metals market is kicking off the new week in much the same vein as it finished on Friday. Both gold and silver are under pressure across early European trading on...
Precious Metals Monday 17-04-2023
Metals Correct As USD Demand ReturnsBoth gold and silver are starting the week just off recent highs following the correction lower we saw on Friday in response to fresh USD strength. The Dollar found...
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