Fundamental view: The Yellow metal fell against the greenback in this week. Without any high-tier macroeconomic data releases and fundamental developments, risk perception remained the primary market driver earlier in the week. The sharp decline which was seen in Wall Street’s main indexes on Monday and Tuesday allowed the greenback to find demand. In the [...]
Fundamental view: The Yellow metal has fell against greenback in this week. A strong rebound in the US Treasury bond has supported the US dollar. Apart from this, a generally positive tone around the equity markets further acted as a headwind for traditional safe-haven assets. US Powell’s gave his comments during his second day of [...]
Fundamental view: Gold has rallied against greenback in this week. US bond yields have plunged in the past week, which supported gold prices. The reason of gold support could be by pointing to fears of the Delta covid variant that would knock down the recovery, at least temporarily. Other reason may be short-lived pause in [...]
Fundamental view: Gold showed a slightly bullish trend against the greenback in the past week. In the absence of high-tier macroeconomic data releases in the first half of the week, hawkish Fed commentary helped the greenback stay resilient against its major rivals. Whereas Federal Reserve's Vice Chairman for Supervision Randal Quarles said that the Fed [...]
