Fundamental view: Gold prices fell this week amid a worsening demand outlook. The China’s lockdown and the geopolitical tension favored the greenback, weighing on the gold. As the Shanghai’s coronavirus lockdown dragged into the fourth week, China ordered mass coronavirus testing in Beijing, escalating fears over a lockdown in the capital city of the world’s [...]
Fundamental view: Gold initially traded high but later dropped against its US dollar rival during the trading course of the week. Hawkish comments from the Fed policymakers boosted the USD, weighing on the yellow metal. St. Louis Fed President James Bullard said that the Fed might want to consider 75 basis points rate hikes and [...]
Fundamental view: Gold ended in the positive territory this week. Inflation fears, geopolitical tensions helped the safe haven flow thus favoring the precious yellow metal. Fading hopes about Russia and Ukraine reaching a peace agreement, the ongoing coronavirus-related lockdowns in China and inflation fears forced investors to move towards the safe haven gold. President Vladimir [...]
Fundamental view: The yellow metal traded up against the US dollar during the trading course of the week. Despite the dollar strength, gold managed to hold its ground on safe haven flows in the risk averse market sentiment. The Fed unveiled the monetary policy this week. FOMC Minutes were far more aggressive than anticipated. US [...]
