Tags : Gold Forecast

Commodities

Gold and latest News!

Gold analysis – 17 June 2020 By: Ahura Chalki Gold kept its side movement yesterday between 1720 and 1730, trying to find the best reaction for current changes. What we had in past days could move the Gold in different directions. In COVID-19 front, hopes on some successful treatments come with a new jump in […]Read More

Commodities

What about safe havens?

Gold analysis – 27 May 2020 By: Ahura Chalki Gold and other safe-havens have been falling in the past 2 days, as markets betting on faster preparing of vaccinations as well as reopening the businesses in bigger economies. The most important question now is how far these positive environments can go? Besides all positive news […]Read More

Commodities

Gold and week ahead!

Gold analysis – 25 May 2020 By: Ahura Chalki Risk-on off was the main gold game of last week. The main topic was reopening the economies, while from the very beginning of the week, tensions between the US and China, attracted attention. At the weekend, we had many positive and negative news from Covid-19 headlines, […]Read More

Commodities

Prohibition of private ownership

Gold analysis – 21 May 2020 By: Ahura Chalki A Bloomberg report quotes hedge fund tycoon Crispin Odey as saying that governments may ban private ownership of gold if they lose control of inflation. (Investing). Gold gave up two consecutive days of growth Asian Stocks trading mix US futures back into the red after closing […]Read More

Commodities

Gold and Vaccine!

Gold analysis – 19 May 2020 By: Ahura Chalki Gold was down yesterday after Moderna (NASDAQ: MRNA) reported positive results on Monday from its phase one trials for its COVID-19 vaccine. Even though if the EU and the US markets closed with reasonable gains, but the Asian market reaction earlier today was a bit more […]Read More

Commodities

Pandemic has yet fully run!

Gold analysis – 11 May 2020 By: Ahura Chalki “I don’t think this pandemic contraction has yet fully run,” (White House Economic Adviser Larry Kudlow). By latest data that the US labor department published for the week, ending May 2, totally jobless since the pandemic limits struck the US economy, reached above 33M and unemployment […]Read More

Commodities

ADP, PMI, and Gold!

Gold analysis – 7 May 2020 By: Ahura Chalki Gold gaining in the Asian season, after weak US economic data, followed by weaker than expected Chinese service PMI, earlier today. Yesterday, US ADP Nonfarm Employment Change confirmed 20,236K more unemployed Americans in April. Before that EU retail sales also added the fears in the market, […]Read More

Commodities

Recovery in the Economy and Gold!

Gold analysis – 4 May 2020 By: Ahura Chalki Like last week, major central banks of BOJ, ECB, and FED did not change their policy but to add the more liquidity for QE plan, in the week ahead also analysts do not expect any changes in the BoE and RBA monetary policy meeting. The week […]Read More

Commodities

Gold and week ahead!

Gold analysis – 27 April 2020 By: Ahura Chalki Gold ended last week by giving up the weekly high after the US market had a positive reaction to reopening announcements from some States, like a Tennessee and South Carolina in the United States and Germany in the EU. Week also started with the red candle, […]Read More

Commodities

The Fed can’t print gold

Gold analysis – 22 April 2020 By: Ahura Chalki “Bank of America (BofA) has a bullish view on gold and expects the prices of the precious metal to hit the $3,000 mark per ounce within the next 18 months, according to the bank’s latest report titled “The Fed can’t print gold.” (Investing.com) At the moment, […]Read More