Fundamental view: Despite the greenback traded high, Gold managed to traded high. Escalating geopolitical tensions between the US and China along with the increasing number of coronavirus Delta variant cases impacted the market sentiment at the beginning of the week. The Fed's minutes of its July policy meeting revealed some policymakers saw it appropriate to [...]
Fundamental view: The yellow metal bounced up and down against the greenback in this week. The unabated USD strength at the start of the week caused the pair to show a downtrend at the beginning of the week. Atlanta Federal Reserve Bank President Raphael Bostic said that the Fed could start to reduce asset purchases [...]
Fundamental view: The yellow metal has made a entry in the week under slightly selling pressure but struggled to gather bearish momentum in the absence of significant fundamental drivers. The renewed USD strength in the second half of the week forced the pair to, once again, turn south. Whereas Clarida said that he expects the [...]
Fundamental view: Gold has posted gains against the greenback in this week. Broad US dollar weakness stands to be the reason behind this. The comment from Fed Jerome Powell led to weak dollar. Federal Reserve Chair Jerome Powell: the U.S. economy has not reached "substantial further progress" to warrant a slow down of its bond [...]
