Fundamental view: Gold price is on its way to the highest levels seen this year after recovering more than $220 since the bottom at the end of March. During the last week, Federal Reserve Governor Lael Brainard repeated that the Fed has the tools to guide inflation back down if it were to move persistently [...]
Fundamental view: Gold has rallied significantly during the last week and reached towards the $1800 level. Because of the absence of the significant macroeconomic data releases and fundamental developments, the risk-positive market environment posted a barrier for the dollar to find demand at the start of the week. On the next day Tuesday, the benchmark [...]
Fundamental view: The gold initially fell during the course of the week but later turned around to show signs of strength. The US inflation has extended a helping hand to the yellow metal. The data published by the US Bureau of Labor Statistics revealed on Wednesday that annual inflation, as measured by the Consumer Price [...]
Fundamental view: During the initial half of the previous week, the yellow metal had to struggle to rise above $1,800 and it fluctuated in a horizontal channel. As the greenback came under sell trend in the second half of the week, yellow metal gained traction and touched its highest level of 1843 since March. The [...]
