Fundamental view: Gold futures settled sharply lower last week with most of the losses taking place in one session, while the rest of the week, the market attempted to claw back these losses. Pfizer and BioNTech reported a 90% efficacy rate in their COVID-19 vaccine candidate. While the results are preliminary, the outcome seems promising [...]
Fundamental view: Gold started the week on a strong footing and preserved its bullish momentum with the USD struggling to find demand throughout the week. With the early results from exit polls showing that US President Donald Trump was performing much better in the presidential race than what the polls suggested allowed USD to gather [...]
Fundamental view: The yellow metal had been rocking on the scope for more greenbacks, fiscal stimulus talks seemed to be making progress, but after Congress adjourned, the final nail hit the coffin of talks. The breakdown in talks weighed on the precious metal. Democrats and Republicans were hovering around a $2 trillion deal that could have helped gold prices. [...]
Fundamental view: Gold showed a mixed trend in the last week. Fiscal stimulus deal has been pushing gold prices higher, while pessimism about a deal held it back. With time running out toward Election Day, the next bout of cash to fuel gold prices mostly depends on the outcome. When President Donald Trump completed his U-turn – [...]
