Gold at USD 2,000: What’s next?
As you may have noticed, the price of gold recently touched the psychologically important round mark of USD 2,000 per troy ounce, before coming back down again.
Gold
Gold gains into the US CPI?
US CPI is expected to pull back to 3.6% from August’s print of 3.7% and the core is expected to fall for the sixth month in a row down to 4.1% from the prior reading of 4.3%. This should keep yields and the USD mildly pressured.
Can gold reverse on the US Jobs report?
Taking a look at the US Labour report there is a chance that gold can recover it’s recent losses if we see a big miss in the report. Remember that the Fed sees the labour market through an inflationary or…
Will gold climb out of the Fed meeting?
Wednesday’s Federal Reserve meeting will also be a meeting where the Fed outline their dot plot on rate projections.
Gold prices to rise into US CPI?
Gold prices are in a major focus right now ahead of the US CPI print due to be released on Wednesday at 1:30 UK time. Gold is extremely sensitive to US interest rate expectations and dollar moves. This has meant…
Gold’s turn of the month buy bias
The case for buying gold has been increasing over the last couple of weeks due to increased expectations that the Federal reserve will need to stop hiking interest rates as US economic activity show signs of slowing down.
Will gold now find some technical and seasonal support?
The recent narrative has been a tough headwind for gold as bonds continued their sell off on the first two weeks of August. Expectations of higher rates needed for longer needed to deal with stickier inflation has been the driver.…
Can gold gain through August?
On average gold has gained 1.87% through the month of August. The months of July and August tend to be strong for gold seasonally and the appeal of gold could be set to grow further over the coming months. Gold…
Is the Fed set to send gold higher?
Short term interest rate markets are pricing in nearly a 100% chance of a Fed hike on Wednesday this week when the Fed meet. Interest rates are expected to rise to 5.375% from 5.125%.
Gold seasonals favour selling out of the US Core PCE print
The recent falls in gold have occurred after constant Fed messaging that two rate hikes seems the likely option this year. Higher rates and a stronger USD is a natural headwind for gold. However, the Fed is also data dependent…