Gold

  • Asset Summary – Friday, 23 May

    Asset Summary – Friday, 23 May GBPUSD is poised for potential further gains, driven by a combination of factors favoring the British pound. Optimism surrounding a newly forged agreement between the UK and the EU is bolstering investor confidence. This positive sentiment is further reinforced by anticipation of upcoming UK economic data releases, which are…

  • Gold Climbs on Fiscal Fears and Tensions – Friday, 23 May

    Gold experienced a price increase, nearing $3,320 per ounce, showing resilience after previous losses and heading towards a weekly gain. This upward trend is attributed to its perceived safe-haven status amidst concerns regarding the US fiscal situation and a weakening US dollar. Geopolitical tensions have also played a role in supporting gold prices. Gold rose…

  • Asset Summary – Thursday, 22 May

    Asset Summary – Thursday, 22 May GBPUSD faced mixed reactions as new UK inflation data surprised to the upside, initially boosting the currency to multi-year highs before some of those gains were relinquished. The higher inflation figures suggest that underlying price pressures are proving more persistent than previously anticipated, potentially limiting the Bank of England’s…

  • Gold Rises on Fiscal Concerns – Thursday, 22 May

    Gold experienced a rally, achieving a near two-week high as investors sought refuge in safe-haven assets. This surge was fueled by anxieties surrounding the US fiscal outlook, escalating geopolitical tensions, and robust demand from China. Gold rose for a fourth straight session, reaching a near two-week high of approximately $3,340 per ounce. Investors sought safe-haven…

  • Asset Summary – Wednesday, 21 May

    Asset Summary – Wednesday, 21 May GBPUSD is experiencing upward pressure fueled by a confluence of factors. The recent agreement between the UK and EU is boosting confidence in the British economy. Anticipation surrounding upcoming UK economic data, particularly PMI figures, inflation data, and retail sales, is further contributing to the positive sentiment. The expectation…

  • Gold Rises Amid Geopolitical Risks – Wednesday, 21 May

    Gold experienced an increase to approximately $3,300, approaching a two-week high. This upward movement builds on gains from the previous session and is attributed to a combination of geopolitical tensions and a weakened US dollar. Concerns surrounding potential escalations in the Middle East conflict, coupled with uncertainty surrounding US economic policy, are contributing to the…

  • Asset Summary – Tuesday, 20 May

    Asset Summary – Tuesday, 20 May GBPUSD is positioned to potentially gain further value, fueled by a confluence of factors favoring the British pound. The resolution of post-Brexit tensions with the EU, specifically the agreement encompassing energy, defense, and fishing rights, removes a significant source of uncertainty and boosts investor confidence in the UK economy.…

  • Gold Declines Amid Ceasefire Optimism – Tuesday, 20 May

    Gold experienced a price decrease due to increased optimism regarding a potential ceasefire between Russia and Ukraine, which reduced the demand for gold as a safe-haven asset. Despite a previous price increase following a US credit rating downgrade by Moody’s, market attention is now shifting towards upcoming Federal Reserve speeches, which are anticipated to provide…

  • Asset Summary – Monday, 19 May

    Asset Summary – Monday, 19 May GBPUSD faces downward pressure as a confluence of factors weigh on the pound. Renewed trade uncertainty coupled with rising UK unemployment, slowing wage growth, and increased expectations for further Bank of England rate cuts all suggest a weaker outlook for the currency. While wage growth remains relatively strong, the…

  • Gold Rebounds Amid Economic Uncertainty – Monday, 19 May

    Gold experienced a volatile period, initially declining due to increased risk appetite following a US-China trade deal, but subsequently rebounding as concerns about the US economic outlook and budget deficit resurfaced. A credit rating downgrade for the US government further fueled demand for safe-haven assets, while expectations of Federal Reserve interest rate cuts also played…

  • Asset Summary – Friday, 16 May

    Asset Summary – Friday, 16 May GBPUSD is demonstrating upward momentum following the release of robust UK GDP figures, which have tempered expectations for aggressive interest rate reductions by the Bank of England. The stronger-than-anticipated growth data is supporting the pound, as traders reassess the likelihood and extent of future rate cuts. Additionally, a weakening…

  • Gold’s Appeal Diminishes Amid Easing Trade Tensions – Friday, 16 May

    Gold experienced a decline, heading towards a substantial weekly loss, primarily influenced by reduced global trade tensions diminishing its safe-haven allure. While geopolitical risks seemed to be calming, progress in certain negotiations stalled. US inflation data, usually a positive factor for gold, bolstered expectations of Federal Reserve interest rate cuts. However, cautionary remarks from the…

  • Asset Summary – Thursday, 15 May

    Asset Summary – Thursday, 15 May GBPUSD experienced upward pressure, reaching a one-week high, primarily influenced by a weakening US dollar. This dollar depreciation stemmed from news indicating potential US support for a weaker dollar in upcoming trade negotiations. Concurrently, comments from Bank of England officials presented a mixed outlook, with some emphasizing long-term bond…

  • Gold Price Drops on Easing Trade Tensions – Thursday, 15 May

    Gold prices fell to a five-week low on Thursday, driven by a decrease in demand for safe-haven assets due to easing global trade tensions and geopolitical risks. Weaker US inflation data, suggesting potential Federal Reserve rate cuts, offered some counter-pressure but wasn’t enough to offset the overall bearish sentiment. Market participants are now awaiting further…

  • Asset Summary – Wednesday, 14 May

    Asset Summary – Wednesday, 14 May GBPUSD faces downward pressure given a combination of factors. Lingering trade uncertainties dampen risk appetite, benefiting the US dollar as a safe haven, while domestic UK economic data paints a concerning picture. The rise in unemployment and slowing wage growth, despite remaining above the inflation target threshold, suggest a…