Daily market commentary: Gold prices are finding support due to the weakening of the US dollar LeapRate

January 10, 2023 BY Steffy Bogdanova

Daily market commentary: Gold prices are finding support due to the weakening of the US dollar

European Shares European markets opened mostly in the green on Tuesday, despite Asian shares closing mixed overnight, while US benchmarks also point to an uneven open. Risk appetite seems to have a taken a short-term break as many investors seek more clarity about how far central banks will go with their monetary tightening cycle. The…

January 09, 2023 BY Steffy Bogdanova

Daily market commentary: The US dollar starts the week on the back foot

Oil Brent oil prices rose during early European trading. The reopening of the Chinese economy is playing an important role in the change of outlook for oil demand, which is now expected to recover. At the same time, the end of the zero-covid policy mitigates fears of a serious global recession, while the dollar is…

Weekly data: Oil and Gold price action before the NFP

November 15, 2022 BY Steffy Bogdanova

Daily market commentary: Gold prices touched a 3-month maximum

While some hint at a slowdown in the pace of rate hiking, others suggest that the tightening cycle is far from over. Judging by the performance of the dollar so far this month, falling around 8% in relation to its peers, the market’s main takeaway from the latest events is that peak inflation is behind…

October 03, 2022 BY Steffy Bogdanova

Daily market commentary: Gold prices are holding above the $1,660 level

European Shares Share markets fluctuated in Europe on Monday, following the mixed trading session registered overnight in Asia, as traders start their week on a cautious note. The bearish sentiment remains towards riskier assets as investors are weighed down by lingering inflation fears and tightening monetary conditions ahead of another busy week on the macro…

September 20, 2022 BY Steffy Bogdanova

Daily market commentary: Gold is trading flat, remaining close to a 2-year minimum

Gold Gold has been trading flat during the early part of Tuesday’s session, remaining close to the 2-year minimum touched at the end of last week. The price of the precious metal is weighed down by the strength of the dollar, with investors bracing for the Federal Reserve rate decision due on Wednesday. The Fed…

July 25, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar is trading flat

Gold Gold prices have barely moved during early Monday trading, reflecting the performance of the US dollar, which is also trading flat. Market expectations have settled on a 75bp rate hike by the Federal Reserve this Wednesday, and so the mood in the markets is now calmer, contrasting with the greater turbulence of previous weeks,…

June 21, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar hedges down

Gold Gold prices hedged up during early Tuesday trading, with the precious metal finding support amidst the US dollar losses of the last few sessions. The price action of gold has in recent times been, to a large extent, determined by the oscillations in the value of the greenback, due to its inverted correlation with…

June 16, 2022 BY Steffy Bogdanova

Daily market commentary: European shares plunge

European Shares European shares plunged on Thursday, erasing yesterday’s gains, after the Federal Reserve disappointed investors yesterday evening. Jerome Powell dented market sentiment at the end of the US trading session yesterday, killing investors’ nascent optimism by announcing the Fed will to do whatever it takes to tame inflation. Of course, the record 75bp rate…

June 15, 2022 BY Steffy Bogdanova

Daily market commentary: The euro posts gains against the dollar, following surprise announcement of an ECB meeting

Gold Gold prices hedged up during early Wednesday trading but remained close to the multi-week lows touched during the previous session. The precious metal price has recently been closely linked to that of the US dollar, with which it has a strong inverted correlation, as well as to the behaviour of bond yields; against this…

June 14, 2022 BY Steffy Bogdanova

Daily market commentary: Brent oil prices rise as tight supply continues to squeeze an already tight market

Gold Gold prices bounced back from multi-week lows reached during early Asian trading this Tuesday. The precious metal is under pressure from rising bond yields and a strengthening dollar, as the markets react to last week’s release of US inflation, which was the highest in four decades. Investor expectations are shifting to accommodate a more…

Tag: Gold