SNB Sight Deposits: increased by 4.4 billion francs compared to the previous week
2025-03-18
The sight deposits at the SNB increased by 4.4 billion francs compared to the previous week.
Gold finds some support at $2,660, with upside attempts limited
2024-12-13
Gold pares previous gains and retreats below $2,700 weighed by higher US yields.
The divergence between the Federal Reserve and the rest of the major central banks is supporting the USD.
XAU/USD is under growing negative pressure, aiming for $2,660.
Gold (XAU/USD) is showing mild recovery from session lows at $2660, on Friday’s early American session. The US Dollar (USD) index is going through a significant reversal from two-week highs, which provides some support to Gold although the rising US Treasury yields are likely to keep buyers in check.US data released earlier this week showed a resilient US economy with inflation picking up. Donald Trump’s high tariffs for imports and restricted immigration are expected to lift consumer prices, forcing the Federal
US Dollar tries to keep gains for a fourth straight day despite flat CPI
2024-12-11
The US Dollar sees earlier gains cut in half after inflation for November falls in line of expectations.
Traders boost bets for a last rate cut next week from the Fed.
The US Dollar Index (DXY) is trading around 106.50 and fails to jump higher.
The US Dollar (USD) is holding on to minor gains on Wednesday after the US Consumer Price Index (CPI) came broadly in line of expectations. No real outliers with the Monthly Headline Inflation coming in at 0.3% while the monthly Core Inflation measure ticked up by 0.3% as well. Immediately after the numbers, the Greenback eased and bets for a december rate cut increased.
All US data for this Wednesday are out of the way. Main focus will now shift to Thursday with the US Producer Price Index and the lighter Import/Export