Fundamental view: Gold initially gained against the US dollar but fell at the end of the week. The data published by the US Bureau of Labor Statistics revealed that the Core Consumer Price Index (CPI) had stayed unchanged on a yearly basis at 4% in September and the reading provided a boost to risk sentiment. [...]
Fundamental view: Gold moved up and down against the greenback during the course of the week. The risk-averse market environment at the beginning of the week extended a helping hand to the precious metal. On Monday, The only data from the US showed that Factory Orders increased by 1.2% on a monthly basis in August [...]
Fundamental view: Gold had showed a uptrend against the greenback in this week eventhough Fed sentiment and US political drama has led the way. An intensifying global energy crisis, the China Evergrande debt issue and the Fed’s tapering fears kept investors on edge has benefited the greenback. The several appearances by Fed Chair Jerome Powell [...]
Fundamental view: Gold traded low against the greenback during the course of the week. At the start of the week, concerns over the Evergrande crisis turned into a global turmoil. Evergrande, was at risk of default, which could result in a disruption of the entire country’s financial system. People's Bank of China announced that it [...]
