News and Information
The US PCE data brings good news. Gold rallied more than $20 and may touch $2,130 in the medium term
The price index for personal consumption expenditures (PCE) in the United States rose less than expected in November, indicating that underlying price pressures are easing. The trend could further solidify financial marekts' expectations that the Federal Reserve will cut interest rates in March next year. The latest data show...
Gold prices wait for PCE to clear the clouds and see the sun, beware of low liquidity before the festival to amplify fluctuations
On Friday (December 21), as the year-end holiday approached, market trading was light, the US dollar and US bond yields were under pressure, and gold continued to fluctuate in a narrow range around $2035, waiting for the main event of the week - the release of the US PCE price index. Here...
The dollar held steady and the pound came under pressure, as market focus turned to U.S. PCE inflation data
The dollar held steady on Thursday, the pound strengthened weakly, and market conditions were muted due to holiday factors. Friday will usher in the last important data of the year - US inflation data. Sterling fell the most against the dollar in two months on Wednesday, as UK inflation in October was lower than expected...
The Federal Reserve's interest rate cut bet is still heating up, and the yen has fallen sharply. Beware of this risk today
On Wednesday (December 20), dovish policy signals from both ends of the world drove Asian stocks higher, which is a good sign for European stocks. Bets that the Federal Reserve will cut interest rates earlier continue to heat up, Richmond Federal Reserve Chairperson Thomas Barkin...
A list of "multi-platform long-short positions" of more than ten varieties such as gold, Meirui bulls are extremely crowded
Graphic Gold and Forex: A list of long and short positions and weighted average values on up to 10 platforms. Here is the latest long and short data as of now (16:00 on Wednesday 2023/12/20). Among them, the USD/CHF bulls are in "unusually crowded"...
After multinational navies escorted the "Red Sea", oil prices stabilized, and gold waited for US PCE data to ignite the market
Investors will continue to watch for signs that the Red Sea crisis is expanding to include energy transportation. Goldman Sachs analysts said the disruption was unlikely to have a significant impact on crude oil and liquefied natural gas (LNG) prices. Markets await a series of U.S. economic...
It is difficult for the Bank of Japan to raise interest rates above zero, and the rebound of the dollar/yen may continue
The Bank of Japan maintained its ultra-loose monetary policy on Tuesday, in line with market expectations, underscoring policymakers' tendency to wait for more clues as to whether wage increases will be enough to keep inflation near its 2 per cent target for long.
Analysts: Two major positive incentives in 2024, silver prices are expected to double and soar
Market analysts say that if global supply continues to fall short of demand in 2024 and the Federal Reserve's interest rate cut cycle starts, the precious metal will see a doubling in price. Peter Spina, president and CEO of GoldSeek, said that...
Weekly review of the foreign exchange market: the Federal Reserve's interest rate cut expectations rose to dominate the market, the dollar index weakened, and the Canadian dollar continued to strengthen
On Friday (December 15), under the pressure of increasing the prospect of interest rate cuts next year, the dollar suffered a heavy blow this week, returning to the position of August 10. The dovish shift of the Federal Reserve and risk appetite continue to weigh heavily on the dollar. As the dollar continues to sell off...
US retail data unexpectedly strengthened in November, with gold prices still fluctuating in a narrow range around 2040
The slowdown in demand mentioned by Powell was not as rapid as expected, at least in terms of retail sales, which was better than all overall data. The number of initial jobless claims was also much lower than expected, and even import prices did not meet market forecasts...
"Higher and Longer" Interest Rates Hurt Canada's Economy, Five Charts to See
Rising interest rates from the Bank of Canada continue to hit Canadians, with the cost of paying down debt rising to record levels in the third quarter while net worth fell, according to household finance data released by Statistics Canada on December 13. Here are five charts,...
European precious metals companies: Global recession boosts safe-haven demand, bullish outlook for gold
Heraeus Precious Metals (HeraeusPreciousMetals) said it expects gold to be the leading precious metals market in 2024 as the world faces a potential economic downturn, forcing investors to look for safe haven assets.
Fed heavy meeting notes: suspension of interest rate hikes in December! The Dow rose more than 512 points to a new closing high, Powell's latest speech, what did he say?
On December 13, local time, the three major US stock indexes closed up, with the Dow rising 512.3 points, or 1.4%, to 37,090.24, a new closing high; the Nasdaq rose 1.38%, the S & P 500 rose 1.37%, and the Nasdaq...
Wage growth in the UK has slowed by the most in nearly two years, but it is hard to expect Bank of England to act this week
Wage growth in Britain slowed by the most in nearly two years, official data showed on Tuesday, but it may still be growing too fast for the Bank of England to relax its tough stance on interest rate cuts.
Gold trading reminder: US inflation data is in line with expectations, the rebound in gold prices is blocked, waiting for the Federal Reserve's decision
On Tuesday (December 12), the rebound in gold prices was hindered. Earlier, spot gold rallied near $1996, but after the US inflation data in November met analysts' expectations, the benchmark yield of the US 10-year Treasury bond began to rise.
