Gold

  • Asset Summary – Friday, 19 September

    Asset Summary – Friday, 19 September GBPUSD faces potential downward pressure as the Bank of England maintains a cautious approach to easing monetary policy, despite some dovish dissent within the committee. While the UK economy shows some pockets of strength, the Bank’s commitment to gradualism and only modestly adjusted inflation forecasts limit the likelihood of…

  • Gold Pauses Rally Amidst Fed Signals – Friday, 19 September

    Gold experienced a slight increase to approximately $3,650 per ounce on Friday, but largely maintained its losses from the previous two days. This pause comes after a four-week rally. Market participants are still interpreting the Federal Reserve’s recent decision to lower its benchmark rate, the first such move since December, along with the central bank’s…

  • Asset Summary – Thursday, 18 September

    Asset Summary – Thursday, 18 September GBPUSD is poised for potential upside as the Bank of England is anticipated to maintain its current interest rate and slow its bond unwinding program. This expectation, coupled with UK inflation data matching forecasts and a stable labor market, suggests the BoE is unlikely to enact rate cuts in…

  • Gold Holds Steady Amid Fed Uncertainty – Thursday, 18 September

    Gold prices are hovering around $3,650 per ounce, maintaining losses from the prior session, as the US dollar strengthens following the Federal Reserve’s interest rate decision. The Fed implemented a 25 bps rate cut, and further easing is expected later in the year. However, cautious remarks from Fed Chair Jerome Powell regarding future rate cuts…

  • Asset Summary – Wednesday, 17 September

    Asset Summary – Wednesday, 17 September GBPUSD is demonstrating upward momentum as it reaches levels not seen since early July, primarily driven by expectations surrounding upcoming central bank decisions and key UK economic data releases. The anticipation that the Bank of England will maintain current interest rates while potentially moderating its bond-reduction program is supporting…

  • Gold Pauses Near Record Highs – Wednesday, 17 September

    Gold experienced a slight dip due to profit-taking after reaching a new record and approaching the $3,700 level. However, the overall trend remains positive as the market anticipates the Federal Reserve’s policy decision, particularly a potential interest rate cut. Expectations for further rate cuts are fueled by signs of a softening labor market, although some…

  • Asset Summary – Tuesday, 16 September

    Asset Summary – Tuesday, 16 September GBPUSD is demonstrating potential for further upside as the pound benefits from expectations that the Bank of England will likely hold rates steady, with a slower pace of quantitative tightening. Crucially, the anticipation of UK inflation data near recent highs and upcoming employment and retail sales figures add to…

  • Gold Rallies on Anticipated Fed Rate Cut – Tuesday, 16 September

    Gold prices are surging, reaching record highs above $3,680 per ounce. This rally is fueled by a weakening US dollar and the widespread expectation of a 25bps rate cut by the US Federal Reserve. Market sentiment suggests this easing cycle may continue into the next year, further supporting gold’s upward trajectory. Investors are closely watching…

  • Asset Summary – Monday, 15 September

    Asset Summary – Monday, 15 September GBPUSD faces downward pressure given recent economic data indicating a sluggish start to the third quarter for the UK economy. Stagnant GDP and a surprise drop in industrial production raise concerns about the impact of tax increases and tariffs on economic activity. Further fiscal tightening expected in November adds…

  • Gold Near Record Highs Awaiting Fed Decision – Monday, 15 September

    Gold prices are hovering near record highs, around $2,640 per ounce, as investors keenly anticipate the upcoming US Federal Reserve policy decision. Market expectations lean towards a potential 25bps rate cut, fueled by signals of a softening labor market. US economic data releases, including retail sales and industrial production figures, are also under scrutiny for…

  • Asset Summary – Friday, 12 September

    Asset Summary – Friday, 12 September GBPUSD experienced an upward push as the dollar weakened following underwhelming US jobs data. This data has strengthened expectations for the Federal Reserve to cut interest rates, putting downward pressure on the dollar and consequently benefiting the pound. However, the pound’s gains may be limited by domestic factors in…

  • Gold Soars Amid Rate Cut Anticipation – Friday, 12 September

    Gold is trending upwards, nearing record highs and achieving a fourth consecutive week of gains, spurred by anticipation of relaxed US monetary policy and ongoing geopolitical instability. Recent US economic data reveals steady inflation, a dip in producer prices, and rising jobless claims, reinforcing expectations of an upcoming Federal Reserve rate cut. Safe-haven demand further…

  • Asset Summary – Thursday, 11 September

    Asset Summary – Thursday, 11 September GBPUSD experienced an upward push as the dollar weakened following disappointing US jobs data, increasing anticipation of a Federal Reserve rate cut. This expectation of easing monetary policy in the US contributed to the pound’s rise above $1.35. However, gains in sterling were tempered by domestic concerns, including fiscal…

  • Gold Nears Record Highs Amid Global Uncertainty – Thursday, 11 September

    Gold prices experienced a slight dip but remained near record highs due to expectations of US Federal Reserve rate cuts and increasing geopolitical tensions. The unexpected fall in US producer prices, combined with a softening labor market, strengthens the possibility of the Fed easing monetary policy, increasing demand for gold. Geopolitical events such as US…

  • Asset Summary – Wednesday, 10 September

    Asset Summary – Wednesday, 10 September GBPUSD experienced upward pressure as the dollar weakened following disappointing US jobs data. This data increased the likelihood of Federal Reserve interest rate cuts, making the dollar less attractive. Market expectations for substantial Fed easing in 2025 further contributed to dollar depreciation. However, the pound’s gains were tempered by…