Fundamental view: Gold traded low against the US dollar during the trading course of the week. US NFP report and the Optimism on ceasefire between Russia-Ukraine were the major catalysts which weighed on the yellow metal. Risk on market sentiment dominated the markets amidst renewed optimism for a diplomatic solution to the Russia-Ukraine conflict which [...]
Fundamental view: The yellow metal traded high against the greenback during the trading course of the week. FOMC member’s hawkish stance favored the greenback during the first half of the week, and gold traded within a tight range uring first half of the week. FOMC Chairman Jerome Powell said that there is an obvious need to “move [...]
Fundamental view: Gold dropped against the greenback during the trading course of the week. The yellow metal started this week under significant bearish pressure with the optimisms of truce between Russia and Ukraine, However the market sentiment became sour on Thursday which helped the gold. Russia and Ukraine both rejected reports claiming that they were [...]
Fundamental view: The yellow metal climbed high against the US dollar during the trading course of the week. Market sentiment remained sour for most of the week, which helped the safe-haven flows and it reached to its highest level above $2,070 on Tuesday. However after Thursday’s meeting between the foreign ministers of Russia and Ukraine, [...]
