But a subsequent pullback in yields, which reduced the opportunity cost of holding non-interest bearing gold, drove a strong rally in precious metals. "It's a situation where gold is an inflationary metal, which should be going up, but initial rate shocks capped its upside potential," Pavil...
For reference, anything over 20k in any single CoT week is huge and really moves gold prices. Over ten CoT weeks specs had only sold 21.9k longs total, a tiny 2.2k weekly run rate. All the action driving gold’s violent breakdown came on the smaller short side. In that same ten-CoT...
Since gold is usually priced in US dollars, fluctuations in the exchange rate can affect local gold prices. When the US dollar weakens, gold tends to become more expensive in local currency terms. Local demand also significantly influences gold prices. In Hong Kong, gold is popular for ...
Will Gold Stocks Outperform Gold Over the Coming Months?Kapitall
their reserves, this trend is likely to lend support to the prices in the Chinese market as well. With these factors in play, experts predict that gold prices in China could see upward momentum, making it an essential asset for both individual and institutional investors in the coming months....
The gold market in Kuwait, like many global markets, is influenced by various economic factors, geopolitical tensions, and currency fluctuations. Analysts predict that gold prices may experience volatility in the coming months due to persistent inflation concerns and the potential for interest rate chan...
Gold Rate Weekly Comparison - 22K vs 24K Gold Rate in India for last 30 days(1 Gram) Date22K24K January 29, 2025 ₹ 7,594.58 (84.33) ▲ ₹ 8,285.00 (92.00) ▲ January 28, 2025 ₹ 7,510.25 (29.33) ▼ ₹ 8,193.00 (32.00) ▼ January 27, 2025 ₹ 7,539.58 (15.59) ...
This stronger-than-expected U.S. economic data had earlier dented expectations for more aggressive interest rate cuts in coming months by the Fed, analysts said. The expectation for lower rates can provide a lift to the precious yellow metal because it doesn't offer a yield. ...
Analysts attributed the recent uptick in gold prices to investor speculation that theFederal Reserve will cut its benchmark interest ratein the coming months as it winds down its campaign of anti-inflation interest rate hikes. A cut in rates could put downward pressure on the value of the doll...
Here's what you can expect to happen to the price of gold after the Fed rate cut happens this week.