Tags : Gold

Commodities

Gold is still thinking of the next step

1,748 – 1,765, where next? Market analyst – IFC Markets After a sharp increase and decrease last Friday, gold is back to its pre-Nonfarm Payrolls report levels and flirting around 20&50 HMA levels. Created range (1,748 – 1,765) has been visible since the middle of last month.  Last Friday, and after NFP numbers the first impression […]Read More

Commodities

Gold ahead of employment data! 

Bonds Yields down to 1.51%, ADP beat the estimates Market analyst – IFC Markets US ADP Non-Farm Employment Change report shows that the private sector of the economy added 568K new jobs in September, and beat the 425,000 expected new jobs. This data with tomorrow’s Jobless claims and Friday’s NFP numbers will be the most important […]Read More

Commodities

Gold and all that you need to know! 

USD, Bond Yields, and US debts Market analyst – IFC Markets So far, we know that FED, starting its Hawkish policies, and as much as we have good economic data and the labor market recovers, we can slower down the pace of Bond purchasing. According to this impression of the statement, last Thursday employment numbers were […]Read More

Commodities

Gold ahead FED meeting

Can bears get calmer?  Market analyst – IFC Markets The week ahead will be amazing and crazy. While central banks meetings warming up the week, we have so much economic data that need or serious attention.  Federal Reserve will start its two-day meeting on Tuesday, and the closing statement with press conference will be on Wednesday […]Read More

Commodities

Can US CPI rescue the Gold?

What is Gold reaction to CPI numbers?  Market analyst – IFC Markets Today we will have US inflation numbers, which can tell us more about how FED should move in its next meeting on 21-22 September.  Last week we had US Producer Price Index (Inflation) that confirmed our concerns with an 8.3% increase in August. Later […]Read More

Commodities

US Dollar up, Gold down, Stock in Freefall

US 10 Year Treasury Note at 1.37% Market analyst – IFC Markets With a sharp increase in the USD price and US 10 Year Treasury Note, gold lost more than 2%, to touch the 1,793 and hold its downtrend to print its sharpest decline in nearly a month.  This is the reaction which we were waiting […]Read More

Commodities

Gold and week ahead after Jackson Hole

Can bulls stay there? Market analyst – IFC Markets The main question for Gold traders is that can Bulls stay up there? Last week all focuses were on Powell’s speech and this week’s eyes will turn to the Employment report, where Powell believes still need help, and in his speech insisted on that, emphasized that support […]Read More

Commodities

Gold and Jackson Hole

Different scenarios and Gold reaction!  Market analyst – IFC Markets The Jackson Hole Economic Symposium is an annual meeting, hosted by Kansas Federal Reserve since 1978, and held in Jackson Hole, Wyoming State, since 1981. The aim is to focus on important economic issues and different banking theories. Participants include well-known central bankers and finance ministers, […]Read More

Commodities

Gold falls for the third day in a row! 

After all, can it rise again? Market analyst – IFC Markets In the past three days, while yellow metal had very volatile days, it’s falling for the third day in a row, mainly because of much stronger USD.  Besides the increasing market risk, which sent the US dollar index to its highest level since November 2020, […]Read More

Commodities

Gold and week ahead! 

The contradictory / companionship relations of Gold and the dollar Market analyst – IFC Markets In past months, finding the correlation between the Gold and US dollar index is getting harder, as sometimes the same news can lift both or put them under pressure, and sometimes have different reactions. They have a different response because of […]Read More