Gold

  • Asset Summary – Monday, 2 February

    Asset Summary – Monday, 2 February US DOLLAR is exhibiting resilience, holding above the 97 level on the dollar index following a significant rise. This strength is partly attributed to speculation surrounding the potential nomination of Kevin Warsh as Federal Reserve chairman, with markets anticipating a less aggressive approach to interest rate cuts and a…

  • Gold Fluctuates Amidst Economic and Geopolitical Tensions – Monday, 2 February

    Gold experienced significant volatility, initially plummeting due to profit-taking after reaching record highs and the nomination of Kevin Warsh as Federal Reserve chair, but later showing signs of recovery, buoyed by geopolitical tensions and central bank demand. The price is currently fluctuating around $4,800 per ounce, bouncing off monthly lows. Gold slid more than 4%…

  • Asset Summary – Friday, 30 January

    Asset Summary – Friday, 30 January US DOLLAR faces headwinds as it lingers near multi-year lows. The potential appointment of a new Fed chair is introducing uncertainty, with market expectations for future interest rate cuts remaining in place despite the potential for a less aggressive approach. A provisional deal to avoid a government shutdown offers…

  • Gold Plunges After Record High – Friday, 30 January

    Gold experienced a significant pullback after reaching record highs, driven by profit-taking and a stronger US dollar. Despite the recent decline, gold remains on track for a substantial monthly gain, supported by ongoing economic and geopolitical uncertainties. Gold tumbled more than 5% to around $5,100, triggered by profit-taking. Gold previously reached a record high of…

  • Asset Summary – Thursday, 29 January

    Asset Summary – Thursday, 29 January US DOLLAR faces downward pressure as a confluence of factors undermines its appeal. Despite statements reaffirming a strong dollar policy, the market appears unconvinced, driven by ongoing speculation of potential intervention and a preference for real assets like gold and silver amidst geopolitical uncertainties and policy concerns. The Federal…

  • Gold’s Record Rally Continues Amid Uncertainty – Thursday, 29 January

    Gold prices have surged to record highs, surpassing $5,500 per ounce, driven by a confluence of factors including a weak US dollar, persistent geopolitical tensions, and economic uncertainty. While the Federal Reserve held interest rates steady, concerns about inflation and the economic outlook persist. The market is also influenced by comments from US officials regarding…

  • Asset Summary – Wednesday, 28 January

    Asset Summary – Wednesday, 28 January US DOLLAR is under pressure and experiencing weakness due to a combination of factors. The current administration’s perceived acceptance of a weaker dollar to boost exports, coupled with policy uncertainty emanating from Washington, is weighing on its value. Further contributing to this downward trend is speculation about potential currency…

  • Gold Hits Record High Amid Dollar Weakness – Wednesday, 28 January

    Gold prices have surged to new record highs, driven by a confluence of factors including a weakening US dollar, geopolitical tensions, and expectations of future interest rate cuts by the Federal Reserve. Investors are seeking safe-haven assets amidst economic and policy uncertainties. Gold rose above $5,200 per ounce, reaching new record highs. The dollar’s decline…

  • Asset Summary – Tuesday, 27 January

    Asset Summary – Tuesday, 27 January US DOLLAR faces headwinds stemming from multiple sources. Anticipation surrounding the Federal Reserve’s upcoming monetary policy decision, coupled with uncertainty over potential political influence on the central bank and the possible appointment of a new, more dovish Fed chair, are weighing on the currency. Concerns about a potential government…

  • Gold Rally Continues Amid Geopolitical Tensions – Tuesday, 27 January

    Gold prices are surging, driven by haven demand related to trade and geopolitical uncertainties. A weakening US Dollar, potential Federal Reserve policy easing, sustained central bank buying, and increased ETF inflows further support the precious metal. Investor attention is now focused on the Federal Reserve’s policy meeting for further cues on interest rate outlook. Gold…

  • Asset Summary – Monday, 26 January

    Asset Summary – Monday, 26 January US DOLLAR is facing downward pressure, slipping to a four-month low as concerns rise over potential US-Japan currency intervention, heightened geopolitical and trade tensions, and speculation about a change in Federal Reserve leadership towards a more dovish stance. Trade disputes and threats of tariffs further contribute to uncertainty. Markets…

  • Gold Soars to Record Highs Amid Uncertainty – Monday, 26 January

    Gold prices have surged, breaking records and exceeding $5,100 per ounce, driven by safe-haven demand fueled by geopolitical tensions, trade uncertainties, and a weakening US dollar. Central bank buying and increased investment in gold exchange-traded funds further support this uptrend, while the market awaits the Federal Reserve’s upcoming policy decision. Gold prices rose over 1%…

  • Asset Summary – Friday, 23 January

    Asset Summary – Friday, 23 January US DOLLAR faces a potentially weakening outlook as the dollar index is on track for a weekly loss amidst volatile geopolitical developments and shifting investor sentiment. Threats of tariffs, a potentially complex agreement with NATO involving mineral rights and missile systems, and concerns about Europe leveraging US asset holdings,…

  • Gold Eyes $5,000 Amidst Uncertainty – Friday, 23 January

    Gold prices have experienced a volatile period, marked by a sharp rally to record highs followed by a slight pullback. The market is driven by fading confidence in US assets, persistent geopolitical tensions, broader economic uncertainty, and expectations of further policy easing by the Federal Reserve. Despite overbought conditions and seemingly short-lived reactions to positive…

  • Asset Summary – Thursday, 22 January

    Asset Summary – Thursday, 22 January US DOLLAR faced downward pressure as geopolitical concerns eased, reducing demand for the currency as a safe haven. However, positive US economic data, including upward revisions to GDP growth and steady jobless claims, provided a counterweight, supporting expectations of stable interest rates and limiting further declines. While a softer…