Fundamental view: The pair rallied significantly during the week, as traders are looking for that cheap money coming out of the Federal Reserve or perhaps stimulus from Congress. The president's corona virus episode gripped global headlines. After receiving strong medications and spending three days in the hospital, Trump returned triumphantly to the White House and [...]
Fundamental view: Gold rallied last week. . U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin resumed their talks over the coronavirus aid plan, after U.S. President Donald Trump called off negotiations earlier this week. These catalysts favored the yellow metal. Another thing that could have affected the gold market was Chinese markets opening [...]
Gold (XAU/USD) extends its bullish move into a third straight day on Friday, finally breaking through the $1900 mark while adding 1% a day. The main catalyst behind gold’s rally remains the persistent downward pressure on the safe-haven US dollar. The dollar index.DXY, which was down 0.2% against its rivals, was headed for a second [...]
The Japanese economy remains in a severe situation but starting to pick up, the Bank of Japan (BOJ) Governor Haruhiko Kuroda said in a statement on Thursday. He also commented that "Will watch the impact of COVID-19 and take additional easing steps if needed without hesitation", "Japan consumer prices likely to fall for the time [...]
