Fundamental view: A stronger-than-expected U.S. retail sales report lifted appetite for riskier assets, but factory production unexpectedly fell in September and Republicans seemed unlikely to agree on a U.S. stimulus deal before Election Day even as coronavirus cases continue to rise and a labour market recovery stalls. which has risen about 25% so far this [...]
Fundamental view: Gold rallied last week. . U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin resumed their talks over the coronavirus aid plan, after U.S. President Donald Trump called off negotiations earlier this week. These catalysts favored the yellow metal. Another thing that could have affected the gold market was Chinese markets opening [...]
Fundamental view: Investors once again believe gold is a safe-haven trade. Overnight, gold prices surged after President Donald Trump and first lady Melania Trump tested positive for coronavirus. After a steady rally this week, gold is now comfortably above the $1,900 level. There is a lot of confusion in the marketplace after positive test of [...]
Fundamental view: Gold bears are taking a hiatus amid the US dollar's pullback. The yellow metal witnessed weakness against dollar in the last week. Most of the sell-off in the gold price is primarily down to the strength in the dollar index that we have seen the last week Amidst the greenback gaining strength, the [...]
