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PCE CORE DEFLATOR
US inflation cools in May; consumer spending rises moderatelyART HOGAN from B RILEY WEALTH notes the stable 2.6% core PCE, potentially leading to Fed rate cuts. The overall economic indicators suggest...
Gold ends its five week winning streak as inflation concerns resurfaceThe ten-year US yields at 4.67% were around 1% lower Friday; however, yields were up nearly 1% to finish the week higher, whereas the 2-yea...
Gold ekes out gains in a tumultuous weekThe metal fell to close around 0.80% lower on Friday as the US dollar rallied. The 10-year US yields at 4.21% were down over 2% on the week...
Disappointing US data, dovish Fedspeak lift Gold's appealSpot gold rallied sharply Friday on disappointing US ISM manufacturing data (February) that showed that manufacturing orders, production, a...
Gold outlook remains bearish despite a positive weekly closeFriday's gains in gold were driven mainly by a dip in the US yields, especially long-term yields, which in turn were driven by month-end re...
Gold requires geopolitical triggers to remain afloatAs the US carried out its fifth airstrike against Houthi targets in Yemen on Thursday, the Iran-backed rebel group quickly launched two ant...
Rupee recovers from opening dip, sustainability above 83/$ keyThe Indian rupee was trading higher on Friday, surpassing the 83-level against the U.S. dollar, as traders capitalised on the opening decli...
Holiday-shortened next week to see gold finishing 2023 on a high noteGoing into the final week of 2023 and watching the start of 2024, most of the markets are likely to observe thin volume due to the holiday-...
Oversold gold may slide further on elevated yields, firmer dollarHigh US yields and a strong Dollar continue to act as headwinds against the metal as investors see the US Federal Reserve sticking to its h...
Gold weakness likely to persist; Support seen at $1930/$1900Gold prices closed the week with a loss of 1.60% at $1945.74, with the US dollar index recording a weekly gain of about 1% to reach 104.23,...
Gold Price: Yellow metal may see volatility with slightly downward bias this weekSpot gold experienced a 1.7% weekly loss, closing at $1,977.80, due to shifting risk sentiments, sharp moves in yields, and reassessments o...
Crucial week for Gold; Yellow metal is likely to face stiff resistance near $2050Gold ended the week with a nearly 0.35% gain at $1,989.65, failing to close above $2,000 throughout the week. Concerns about rising inflati...
Fed unmoved by bank implosions, dashing fears of contagionFrom the markets standpoint the reiteration that tighter financial condition is a non-negotiable on the path towards inflation control is a...
Where is gold headed in the coming weeks? Bears could push it towards $1,780Gold is drawing some support from geopolitical concerns as the US-China verbal wrangling continues unabated. US Treasury Secretary Ms. Yell...
Rupee sidesteps fall in Asian peers on likely RBI interventionIn contrast to the rupee's performance, it was another challenging week for most of the major Asian currencies. The offshore Chinese yuan, ...
Gold likely to consolidate ahead of the US FOMC decisionThe US Dollar Index continues to defend the crucial support around 101.25. Better than expected US data combined with the somewhat elevated...
Here's what investors are freaked out about for 2015The responses below from a separate poll question showed that investors are specifically concerned about deflation risks stemming out of th...