Fundamental view: The early part of this week started off encouraging for Gold bulls. The yellow metal continued to push higher, riding a trendline that had built in December as buyers got back on the bid. This brought hope that bulls would be able to continue pushing prices higher but it snapped back aggressively on [...]
Fundamental view: Gold ended the year with a bullish bias, supported by a US dollar decline. It gained 22% over the year. The pandemic was the catalyst for the rally in 2020, and increased the safe-haven demand for the yellow metal. The epidemic in the U.S. also triggered an expansion in monetary policy easing that led to abundant liquidity and negative real interest [...]
Fundamental view: Gold prices rose on Thursday backed by a weaker dollar ahead of a widely expected Brexit trade deal, with uncertainties around a new variant of the coronavirus overshadowing vaccine optimism. A combination of a weaker dollar, negative real rates and low yields along with uncertainties around the new strain of coronavirus is helping [...]
Fundamental view: Gold has rallied again during the week. And a plenty of momentum is seen in the yellow metal. The coronavirus vaccine rollout, Brexit optimism and heightened hopes for a US stimulus bill caused risk flows to dominate the financial markets and continued to hurt the greenback. Mirroring the broad-based USD weakness, the US Dollar Index, [...]
