Fundamental Overview Gold continued to edge higher this week following Powell’s dovish tilt last Friday. Inflation expectations kept on climbing, while Treasury yields have not gone anywhere. That caused real yields to fall giving further support to gold prices. The focus is now on the US labour market data that will culminate with the NFP … Read more
Fundamental Overview Gold remains stuck in a range as the market participants continue to look for strong reasons to trigger a breakout on either side. Right now, there’s still uncertainty around the interest rates outlook as a hot NFP in September could flip expectations pretty quickly. The US CPI came mostly in line with expectations … Read more
Fundamental Overview The bullish momentum has waned this week as traders turned their attention to the US CPI data coming up next week. The soft NFP report triggered a quick dovish repricing in interest rates expectations which fuelled a rally in gold as real yields fell. We’ve also seen more and more Fed members changing … Read more
