Fundamental view: Gold has been consolidating heavily over the last month and this week's Fed meeting did not inspire a breakout in either direction. "Barring short-term corrections, negative real yields and a weaker dollar, alongside the unprecedented stimulus, create a favourable macro environment for gold and are likely to be the key price drivers over [...]
Fundamental view: Gold markets have pulled back a bit during the trading week, only to show signs of strength again just above the $1900 level. As the US dollar is trying to recover we expect the instrument to be bearish in the upcoming week. Analysts note that rising inflation pressures continue to put pressure on real yields, [...]
Fundamental view: Gold markets initially tried to rally during the course of the week but continue to see trouble at the $2000 level, which of course is a large, round, psychologically significant figure. The Fed was expected to become more accommodative over the next few months, but if the labor recovery continues, we might see slightly less stimulus [...]
Fundamental view: The yellow metal initially pulled back during the week, but benefited from broad-based US dollar weakness, as global markets cheer Fed’s lower rates for a longer period and down greenback’s haven demand. Ultimately, the market should continue to go a lot of choppiness, but as the Federal Reserve has raised the bar again [...]
