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The US dollar is demonstrating some resilience despite recent setbacks, perhaps with the market focusing on the upcoming Q1 GDP data which analysts have downgraded to expect a contraction against a consensus forecast of 0.2%. Meanwhile, the dollar looks set to put in its weakest monthly performance since November of 2022 despite what had been some reports of...
Gold prices have stabilized today after experiencing an earlier decline that represents the fourth dip down to the $3260 level over the past few sessions. The repeated defense of this support level could indicate strong buyer interest at these prices.
Recent reports suggest an easing of trade tensions which might be weakening demand for gold. But have tensions...
Amid growing uncertainty surrounding U.S. equities and the US dollar, investors could be returning to a traditional defensive strategy: going long on the Japanese yen.
While some analysts believe the recent yen rally is not yet overstretched, the International Monetary Fund (IMF) has noted that Japan’s central bank is likely to push back the timing of further...
Trading conditions are getting back to fuller form following the Easter break. After taking another big beating in the holiday-thin trade, we're finally seeing some profit-taking on US dollar shorts from shorter-term accounts. We haven’t seen the euro above 1.15 or dollar-yen below 140 for some time, which could be adding to the excuse for some mild profit-taking....
J.P. Morgan now forecasts gold to average $3,675 per ounce by year-end and joins Goldman Sachs in projecting a move beyond $4,000 next year.
Spot gold has gained 29% year-to-date, setting 28 record highs and briefly surpassing $3,500 for the first time yesterday.
According to the bank, the main downside risk remains a sudden decline in central bank demand. Key...
Gold has broken above $3,400 for the first time, setting a new all-time high as investor confidence in the United States continues to decline.
Citi forecasts gold could reach $3,500 within the next three months. However, this projection might be underestimating Trump’s potential to further undermine confidence in the US.
On Monday, President Trump intensified...