Fundamental view: Gold had a poor week and dropped to a fresh three-week low, around the $1.782 level as a reaction to Hawkish fed and mixed US jobs report. Central bank released the Minutes of its December meeting, which showed that policymakers began discussion about the reduction of their bonds holding in the upcoming months. [...]
Fundamental view: The yellow metal stayed on the front foot jumping to its highest level in more than a month at $1,820 against the greenback this week. The improved market mood favored the yellow metal. The U.S. recorded its highest number of Covid cases this week, ever as the Omicron variant rages. However, the market [...]
Fundamental view: The yellow metal initially fell against the greenback but later rose for the last two consecutive days. The bullion traders portrayed risk-on mood due to the positive updates over the Omicron covid variant and the US stimulus, while also ignoring firmer US Treasury yield in the end of the week. Elsewhere, Central banks [...]
Fundamental view: The yellow metal traded in a tight range during the beginning of the week but later managed to portray a decisive rebound and broke above $1,800 on Friday and snapped a four-week bearish streak. The US central bank announced the monetary policy which was same as per the market expectation. The Fed made [...]
