Global markets are pricing a shift away from normalization cuts towards aggressive Fed easing, which is part of the story on the extraordinarily high correlations across markets over the last sessions, TDS senior commodity strategist Daniel Ghali notes. Gold positioning becomes tactically bearish “The positioning set-up in Gold markets is becoming tactically bearish. Macro fund positioning is not
Gold price trades with modest losses for the second straight day amid a positive risk tone. Geopolitical risks, bets for bigger Fed rate cuts and subdued USD demand to lend support. Traders might also prefer to wait for the release of the crucial US consumer inflation data. Gold price (XAU/USD) attracts fresh sellers following an
Gold price posts modest gains around $2,465 in Wednesday’s early Asian session. The escalating tensions in the Middle East increase safe-haven demand, benefiting Gold. The US July Consumer Price Index report will be the highlight on Wednesday. Gold price (XAU/USD) trades with mild gains near $2,465 during the early Asian session on Wednesday. The upside of the yellow
This week, the brilliant journalist and financial analyst Mike Maharrey of Money Metals revisited the recent dream of inflationists… …to increase the U.S. money supply by means of the U.S. government’s creation of one or two platinum coins with trillion-dollar denominations. The idea would have the U.S. Treasury Department mint the coins and deposit them
Gold prices eased in volatile trading on Monday as investors liquidated positions in tandem with a broader equities sell-off, though analysts said bullion’s safe-haven appeal remains strong as U.S. recession fears mount. Spot gold was down 0.8% at $2,425.04 an ounce by 0856 GMT. U.S. gold futures lost 0.1% to $2,465.90. “There’s some truth in
Gold and Silver rate today (Aug 5, 2024): Domestic precious metal futures on Monday edged higher amid weak US employment data that sent bond yields and the dollar tumbling. At the last count, MCX gold futures (Oct 4) were up Rs 403 or 0.58 per cent at Rs 70,192 per 10 gm. Meanwhile, MCX Silver futures (Sept 5) were up 0.74 per cent or Rs 607 at Rs
Weir’s share price climbs on margin improvement Full-year sales set to be flat again The ground-breaking message from mining equipment and services company Weir Group (WEIR) at its interim results was that gold miners are keen to extract more gold from their land when the precious metal is at record levels. But it was its