Daily market commentary: The US dollar gains ground, as the markets digest surprisingly high US inflation figures LeapRate

June 13, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar gains ground, as the markets digest surprisingly high US inflation figures

Gold Gold prices dropped during early Monday trading, after gaining approximately 1.3% on Friday, following the release of May’s US inflation data on Friday, which revealed that consumer prices rose at the fastest pace in four decades. The precious metal, whose price usually moves inversely to the US dollar, strengthened on Friday, despite the dollar…

June 09, 2022 BY Steffy Bogdanova

Daily market commentary: The euro edged up, ahead of the European Central Bank meeting

Gold Gold prices are flat during early Thursday trading, barely moving as traders eye the release of important US employment and inflation data, which is coming out later today and tomorrow. The price of bullion remains conditioned by two vectors that have kept it in a narrow range over the last few sessions; on one…

June 01, 2022 BY Steffy Bogdanova

Daily market commentary: Brent prices hedge up modestly, as the impact of the EU sanctions on Russian oil is fizzling out

Gold Gold prices fell during early Wednesday trading, carrying the momentum initiated during the previous session. The value of the precious metal is declining in the markets, mainly due to its inverted correlation with the US dollar, as the American currency regains the front foot. Inflation related concerns remain at the top of Federal Reserve’s…

May 31, 2022 BY Steffy Bogdanova

Daily market commentary: A barrel of Brent reaches $124 - a level not seen since early March

Gold Gold prices are almost flat at the start of the European trading session, having earlier dropped by a half percent. The US dollar strengthened overnight, following hawkish comments by a senior Federal Reserve official, who maintained the US central bank should hike interest rates by 50 basis points at every coming meeting, until inflation…

May 25, 2022 BY Steffy Bogdanova

Daily market commentary: the US dollar is gaining ground on its peers

Gold Gold prices hedged down during early Wednesday trading; a move dictated by a strengthening US dollar. The precious metal price action has, to a large extent, been determined by its inverted correlation with the greenback, and today’s picture is a perfect snapshot of that dynamic. After a losing streak that lasted for several sessions,…

May 24, 2022 BY Steffy Bogdanova

Why do investors like to add gold to their portfolios?

Gold has generally been steady through time as it cannot deteriorate and it does not lose its value due to age. Because of this, it has been seen as way to preserve investor wealth over time. Furthermore, unlike fiat currencies, Gold’s value cannot be controlled by a central bank, and it isn’t affected by printed…

Weekly data: Oil and Gold price action before the NFP

May 24, 2022 BY Steffy Bogdanova

Daily market commentary: Gold prices continue to recover from the multi-month lows

Gold Gold prices continue to recover from the multi-month lows touched earlier in May. The non-yielding precious metal is benefiting from the drop in treasury yields together with some dollar weakness - with which it has an inverted price correlation. The stabilization of treasury yields and the dollar, which have retreated from peaks reached in…

May 18, 2022 BY Steffy Bogdanova

Daily market commentary: Gold prices hedged down, remaining under pressure from an increasingly hawkish Federal Reserve

European Shares Stocks were little changed in Europe on Wednesday - despite Asian shares extending yesterday’s gains by closing in the green overnight - as market operators brace for a busy day. Most EU benchmarks trade towards their opening price, with utilities paring losses from the real estate sector, marking a pause in the current…

May 12, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar strengthening continues, following the release of US inflation data

Gold Gold prices are hedging down as the US dollar hit a high not seen since 2002, keeping the precious metal under pressure due to its inverted correlation with the greenback. US inflation numbers released on Wednesday suggested that consumer prices may have already peaked but still surprised to the upside with a reading of…

May 11, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar hedged down in relation to other major currencies

Gold Gold prices bounced back from 2-month lows during early Wednesday trading. The price of the precious metal is suffering due to its inverted correlation with the US dollar, which is currently hovering close to a 2 decade high reached earlier in the week. With US inflation data for April expected later today, there may…

Tag: Gold