Fundamental view: The yellow metal rallied initially but later fell badly during the trading course of the week. With the news that the Federal Reserve could opt out to delay the reduction in asset purchases led the dollar to weaken against its rivals. But the risk-averse market environment helped the US Dollar Index (DXY) limit [...]
Fundamental view: Gold traded low against the greenback during the course of the week. Fed speakers throughout the week have referred to the start of the bond tapering assets. St. Louis Fed James Bullard and New York’s Fed John Williams both agreed that the reduction of the QE will begin later in this year whereas [...]
Fundamental view: Gold formed a bullish candle against the greenback in the past week. The dramatic shift in monetary policy forecasts, supporting gold prices, comes after the U.S. Labor Department said that only 235,000 jobs were created in August. The data significantly missed expectations as economists were forecasting jobs gains of 720,000. The jobs gains [...]
Fundamental view: The selling pressure around greenback lead to the rise of the yellow metal in the last week. Gold saw immediate gains following Powell's speech at the Jackson Hole Economic Policy Symposium. Powell sounded more cautious than other Fed officials when talking about tapering, stating that the central bank could start reducing its $120 [...]
