Fundamental view: Gold is holding the lower ground against the American dollar just above $1,850 maintaining its consolidative mode. For this week, the pair had rose more than 2%. With data from the US showing that consumer inflation reached its highest level since 1990, XAU/USD rallied and touched its highest level since June - $1,868 [...]
Fundamental view: Gold struggled to find direction in the first half of the week and fell on Wednesday but later clinged on its gain in the second half of the week. As it was expected, the Fed left its benchmark interest rate, the target range for federal funds, unchanged at 0%-0.25% and had unveiled that [...]
Fundamental view: Gold markets have rallied significantly during the course of the week but have given back all the gains on Friday. The downside pressure was exerted by a stronger dollar after U.S. data showing inflation stayed hot last month and the market has put the focus back on the Federal Reserve’s policy meeting next [...]
Fundamental view: The yellow metal made impressive gains against the greenback this week. Disappointing growth data from China soured the market mood and helped the dollar in return in the starting of the week. As the rally in US stocks picked up, gold gathered bullish momentum and climbed to fresh weekly highs above $1,790. The [...]
