Fundamental view: The yellow metal rebounded after a sharp fall of the previous week. The broad US dollar weakness and downbeat US ADP report favored the Gold to find strength during the first half of the week later the strong NFP data of US paused the bullish move of the quote XAU/USD. ADP showed a [...]
Fundamental view: The yellow metal plummeted against the US dollar during the trading course of the week. The fall of the gold prices can be related to the Market cheering the US Federal Reserve’s (Fed) signals of the March rate hike and room for more lift-offs. The Central bank has left the rate unchanged however he [...]
Fundamental view: Gold traded high against the greenback and reached to a 2 month high of $1843 during the trading course of the week. The yellow metal remains supported by soaring inflation globally and due to negative real returns. Meanwhile, escalating geopolitical tensions surround US, Russia and Ukraine also make the traders to turn towards [...]
Fundamental view: Gold showed an uptrend against the greenback during the trading course of the week. In this week, monthly report published by the US Bureau of Labor Statistics showed that the Consumer Price Index (CPI) rose to 7% on a yearly basis in December, which is the major catalyst for the fall of the US dollar. [...]
