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Gold nuggets

Gold falls below $1650 as US Dollar soars

Recession fears are causing both GBP/USD and EUR/USD to move lower. As a result, the US Dollar is moving higher. This leaves traders nervous to buy the dip in Gold as it moves to its lowest level since April 2020.

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September 23, 2022 11:25 AM
Research

Gold wrap: Spot gold breaks key level (yet gold futures hesitate)

Spot gold prices crashed through the 2021 low and the backdrop assumes it could move lower still. Yet over the near-term we’ll watch gold futures for directional clues.

Gold nuggets

Is the South African Rand pointing to a new low in Gold?

The South African Rand and Gold have a strong positive correlation. Therefore, when one of these assets moves in one direction, the other asset is likely to follow in the same direction.

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September 8, 2022 03:12 PM

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Gold nuggets

Risk of higher rate hikes send Gold lower; XAU/USD

If the Fed does hike rates and is hawkish at its next meeting, will Gold finally break through 1670, which it has tested numerous times?

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August 30, 2022 03:44 PM
Research

Gold wrap: Can the US dollar give gold bugs a break?

With the US dollar index stalling below key resistance and a market-based measure of inflation expectations rising, we’re on the lookout for a countertrend rally on gold.

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August 29, 2022 10:40 PM
Research

Gold wrap: Can the US dollar give gold bugs a break?

With the US dollar index stalling below key resistance and a market-based measure of inflation expectations rising, we’re on the lookout for a countertrend rally on gold.

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August 29, 2022 10:40 PM
Research

Gold Wrap: 1700 gives way, but key support awaits

Momentum is clearly pointing lower for gold, but we’re keeping an eye on the monthly charts as we head into August due to a potential level of support.

Gold nuggets

Multi-decade highs in DXY continues to push Gold lower

The two assets currently share a correlation coefficient of -0.96, a very strong negative correlation. Therefore, if the DXY continues to move higher, one could suspect that XAU/USD will be moving lower!

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July 11, 2022 03:31 PM
Research

Volatility subsides in Asia, Gold plunges through $1800

Volatility seen across European markets have yet to make their way to Asia. Yet gold’s notable crash through 1800 is yet to tempt any meaningful bids.

Research

Gold Wrap: Gold nears a 1-month high ahead of NFP

Soft US data and a weaker US dollar has helped gold rise against the US dollar ahead of today’s NFP report.

Gold nuggets

Gold continues selloff as China manufacturing data worsens

Until confidence returns that prices from China will move higher, Gold may begin trading in a range.

Gold nuggets

US CPI Preview: Will inflation reach 8%?

February’s CPI print is expected to be strong. The risk is that it comes in weaker.

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March 8, 2022 11:35 AM
Gold nuggets

Gold higher on Russia/Ukraine geopolitical uncertainty

Markets strongly dislike uncertainty and therefore, Gold has moved higher. However, that can all change when the next headline hits the wires.

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February 17, 2022 12:03 PM
Gold nuggets

Gold: Inflation hedge or Inflation expectations hedge?

The next direction in Gold will depend on the Omicron variant and market expectations of how the virus may change the Fed’s thinking at the next meeting

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December 1, 2021 12:12 PM
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Asian Open: Equities rise – cautious optimism or dead cat bounce?

Wall Street’s first full-day back of trade saw equity markets recoup some of last week’s losses, but that’s not to say this will simply become a dead-cat bounce.

Gold nuggets

How to use the Gold USD correlation to trade fx

Since the start of the year, the correlation between Gold and the US Dollar has been negative a majority of the time

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October 6, 2021 01:24 PM

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