The progressing US-China trade talks subdued gold’s safe-haven appeal. The 3% inflation YoY reinforces hopes for two Fed cuts by 2025. Due to the ongoing Federal government shutdown, the markets face a delay in key data releases. The gold outlook shows a steep decline, the first in the last five years, as the pair traded…
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The gold forecast remains tilted to the downside, aiming to test $4,400 as the dollar recovers ahead of the US NFP. The upbeat US ISM Services PMI weighed on gold, igniting a sell-off. The gold’s downside is limited by the easing Fed and China’s continued buying of physical gold. Gold price remains softer, trading under……
Gold forecast edged higher as the dollar lost traction amid rising bets on Fed easing in December. US PPI and Consumer Confidence data showed softness, adding more to the gold bulls. Markets await key US data and Fed commentary to find more clues about gold’s directional bias. The gold forecast has turned higher as the……
The GBP/USD weekly forecast edges lower as the US dollar gains on upbeat economic data. US services PMI and employment data revealed sufficient resilience to lift the dollar. The coming week’s US CPI, PPI, and UK GDP are the events to watch. GBP/USD fell last week as a string of better-than-expected US economic data indicated……
Gold weekly forecast turns bullish as Fed Chair hinted at a rate cut in September. Easing tensions in Ukraine could cap the gains in gold. Traders eye the US Core PCE and US GDP q/q data due next week for more impetus. Gold ended the previous week on an optimistic note, rising above the $3,370……
Rising Fed cut bets and easing US yields weaken the dollar, boosting gold’s safe-haven demand. Prolonged geopolitical uncertainties revive gold’s safe-haven appeal against the ongoing economic and political volatility. Traders look ahead to the Consumer Price Index and jobless claims for further policy and economic cues. The gold weekly forecast shows a sharp rally to……
The GBP/USD forecast remains mildly positive ahead of BoE’s rate decision. UK macroeconomics keep clouding the overall outlook of the pound. MPC vote split is important to watch along with the BoE’s rate decision. The GBP/USD forecast has turned slightly positive as the pair managed to reclaim the 1.3300 handle on Wednesday ahead of the……
