A negative environment awaits for gold

  Gold prices fell Friday to their lowest settlement in nearly a year, with the precious metal failing to find safe-haven support from the U.S.-China trade dispute, as the U.S. dollar gained for the week. old prices were muted on Friday, stuck in a tight trading range, as the dollar extended a rally from the […]

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Gold May Regain its Safe Haven Status

In January, precious metal prices peaked. Since then they have fallen substantially by 9% (gold prices). In recent weeks, the sell-off has accelerated. There are several reasons for this price weakness. Trade War– a looming trade war between the US and China has weighed on prices, especially cyclical precious metals such as platinum and palladium. […]

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Strengthening Dollar May Pull Down Gold Prices

Gold closed the second quarter around the low for the year as the widening tariff disputes boosted the dollar. Currently in the short run, many factors are negative for gold: the strong dollar, monetary tightening and the easing of tensions with North Korea. Gold prices traded in a narrow range on Thursday, after hitting a […]

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Dollar gains safe haven appeal

  With the first half of 2018 now drawn to a close, much of the financial medias’ headlines and commentary relating to the gold market has been focusing on the fact that the US dollar gold price has moved lower year-to-date. Specifically, from a US dollar price of $1302.50 at close on 31 December 2017, […]

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Long term looks favourable for gold

Gold has fallen out of favour as investors prefer havens such as the dollar, Treasuries and yen amid fears that a looming trade war will damage global growth, hurt earnings and drag down stock markets and other risk assets. Gold has not fared well lately despite rising global trade tensions that have knocked down equities. […]

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Trade war fails to weaken the dollar

Gold prices have not managed to stay above the $1300 level- it could be due to a strong dollar or maybe profit taking or even price manipulation. Currently, out of all, gold prices seemed to have been highly influenced by a strengthening dollar. Gold prices fell to new 2018 lows against a rising Dollar on Tuesday […]

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No major catalysts for gold

Gold prices were hit strongly towards the end of the week. By mid Friday, gold was down -1.89% so far on the day and -2.35% from the high set just ahead of Thursday’s ECB rate decision. While Gold prices held support fairly well through the Fed’s rate hike on Wednesday, the ECB meeting the following morning produced […]

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Fed Rate Hike Fails to Dampen Gold Prices

  After two days of meetings regarding monetary policy, the US Federal Reserve officially announced the second interest rate hike of the year on Wednesday, June 13. The Fed lifted the target federal funds rate by 25 basis points, from 1.75 to 2 percent, but the increase had little impact on gold, which remained just below the […]

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Gold witnessing the silence before the storm

Gold prices have continued trading in a quiet manner, unable to break the narrow range that has been established in recent weeks. Recently prices have remained stuck- between $1282 and $1307 – for three weeks now, as risk-off developments that would typically raise demand for the precious metal were counterbalanced by a strengthening dollar. Gold […]

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Gold needs a fresh catalyst

Currently gold is being squeezed between the downtrend from the April 2018 high and the uptrend from the December 2016 and December 2017 lows. A strengthening US dollar along with a rebound in US Treasury yields has made for a choppy trading atmosphere for the yellow metal. Gold has settled into a sideways drift after […]

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