Precious Metals Market
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Gold Forecast: XAU/USD Nears Record Highs as “Year of Metals” Continues
Gold remains in a clearly bullish structure, with all eyes on XAU/USD's record highs in the $2420-30 zone.
Silver analysis: precious metal takes out $30
Our silver analysis suggests that the precious metal could potentially rise far beyond the $30 level, if the recent gains by gold and copper are anything to go by and in light of the big technical breakout from a multi-year consolidation pattern.
Silver analysis: Precious metal about to break $30 barrier
Following the release of more disappointing US data, silver now looks poised to hit that key $30 level and potentially rise far beyond that level, if the recent gains by gold and copper are anything to go by.
Gold forecast boosted by weaker US dollar ahead of CPI
How is the metal likely to react to today’s CPI data? Well, it may not be quite straight forward as I have explained in this article. CPI is expected to have moderated in April to 3.4% y/y from 3.5% previously.
Gold forecast remains positive as metal eases on profit-taking
Today’s 1% drop in gold prices appears to be driven by profit-taking, as it comes amid a quiet day for data and follows a decent 2.5% rally last week. However, our gold forecast remains bullish, with the precious metal potentially heading towards its third consecutive month of gains.
Gold and silver are doing exactly what you’d expect after breaking key resistance
Gold and silver are doing exactly what you’d expect after breaking long-running resistance. And that's before you consider fundamentals such as geopolitics, central bank purchases, limited mine development, rising inflation expectations and troubling fiscal outlooks from some of the world’s largest economies.
US dollar rally hits headwinds, silver squeeze sparks potential bullish break
After the rapid repricing of Fed rate cut expectations, US economic exceptionalism is now arguably already priced into the US dollar, leaving little room for downside disappointment in upcoming US economic data.
Gold Analysis: XAU/USD Surges to Fresh Record Above $2250 – Where Next?
Gold’s technical outlook remains bullish above previous-resistance-turned-support near $2200 ahead of NFP on Friday
Gold analysis: precious metal ignores dollar, yields strength
Key factors precious metals traders will be watching for the rest of this week are discussed in this article. US dollar and yields rise following on hawkish comments from the Fed’s Christopher Waller, but this has not prevented gold from rising back above $2200. Technical analysis point to new records for gold.
Gold forecast: Pullback on the radar - just don’t expect Armageddon
Looking at an equal-weighted gold basket against FX majors, its bullish character has certainly changed since breaking above its previous ATH.
Gold and silver analysis: Technical Tuesday, March 26, 2024
Welcome to another edition of Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this week’s report, we will get technical on precious metals.
Gold outlook remains positive despite dollar strength
While gold displayed mild bearish price action, leading to some calls that it may have peaked, I am unequivocally convinced that its long-term trajectory remains bullish, and it is conceivable that prices could soon reach unprecedented highs again.
US dollar, Nasdaq 100, Gold forward returns over Easter: The Week Ahead
We have a shorter trading week due to the long Easter weekend. As there is a lack of top-tier data, we take at how the US dollar index, Nasdaq 100 and gold have performed around this time of year.
Gold, USD/JPY, TLT ETF: Assessing trade setups for a Fed determined to cut rates
A macro guide for screening trade setups for a higher growth, higher inflation environment, featuring a bullish breakout, a potential bullish breakout and an important market indicator.
Gold analysis in focus as FOMC day arrives
Gold has been falling back in the past week and a half after hitting a record high at $2195. The key question is whether today’s FOMC policy decision will cause it to fall back even further, or will it trigger a fresh wave of buying that could propel the precious metal towards a new all-time high.
Crude oil consolidates bullish break, gold heavy after record run
How many rate cuts the Federal Reserve signals for 2024 could have an outsized impact on how commodities such as crude oil and gold perform longer-term.
USD/JPY, Gold and GBP/USD analysis - Forex Friday, March 15, 2024
Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report, we will discuss the US dollar, Japanese yen, gold and the pound ahead of a busy next week for central banks.
Fed must commit to finishing the inflation fight to prevent gold upside
Gold traders have a decision to make with fundamental headwinds building from a stronger US dollar and higher bond yields with the price yet to meaningfully respond. What the Fed signals next week looms as crucial for directional risks.
GBP/USD, gold in focus for US PPI, retail sales: European Open
GBP/USD has formed a bearish reversal pattern beneath a failed breakout level, and gold looks set to retrace lower ahead of US PPI data.
Gold, silver and copper analysis: Metals rally on China optimism and weaker dollar
Gold, silver and copper all rally as US dollar drops despite hot inflation, with base metals finding additional boost from optimism about Chinese demand. Silver analysis suggests the grey metal could be in for more gains, while gold analysis point to a new record high.
Gold analysis: Metal dented after stronger CPI but trend intact
Gold analysis: The precious metal weakened after a stronger than expected CPI report, but the weakness is likely to be short-lived. Indeed, the trend is still quite strong and many traders will be looking fade into short-term weakness.
A 9-day rally on gold is rare, but it hasn’t always lead to a market top
Looking back at data from the 1960s, gold has only risen nine or more days on nine occasions. And such a sequence has failed to mark a market top this century.
Gold Weekly Forecast: Will We Get a Pullback After XAU/USD’s Surge to Record Highs?
Gold is overbought on a short-term basis, but the long-term returns hint at more room to run higher from here...