Gold prices charged higher for a second week as US CPI headlines charged the yellow metal’s inflation hedging appeal. However, the good times may not last. While inflation is at more than 40-year highs, forward expectations are beginning to ease. The daily chart is located above 200 SMA in the bullish market condition by crossing 1,981 bullish triangle pattern to above for the primary bullish trend to be continuing. more...
There is no two-ways about it: gold prices outperformed our expectations in Q1’22. Our rationale for not taking a bullish outlook on gold was, and still is, well-grounded: central banks, including the Federal Reserve, have begun to winddown pandemic-era stimulus efforts, with rate hike cycles just getting started. more...
There’s no two-ways about it: gold prices outperformed our expectations in Q1’22. Our rationale for not taking a bullish outlook on gold was, and still is, well-grounded: central banks, including the Federal Reserve, have begun to winddown pandemic-era stimulus efforts, with rate hike cycles just getting started. more...
Data prints coming out of the US may fuel the recent advance in the price of gold as the Fed’s preferred gauge for inflation is expected to increase for the sixth consecutive month. more...
Gold prices may surrender to the US Dollar if another wave of the coronavirus hammers global growth prospects and destabilizes the fragile corporate debt market. Anti-fiat hedges like gold may surrender in the third quarter if a second wave of the coronavirus hits the global economy and dampens future inflation prospects. Demand for haven-linked assets like the US Dollar may amplify XAU/USD’s losses as traders re-allocate capital from relatively ...
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