Gold Outlook 2024 Brief
2024-03-12
This is a brief preview of our annual Gold Outlook Report. Every year we take an in-depth look at the market dynamics and drivers and finally, give our predictions for gold and silver prices over the coming year.
Gold price remains on the defensive below 50-day SMA amid reviving USD demand
2024-02-28
Gold price remains confined in a narrow band heading into the European session. Hawkish Fed expectations underpin the USD and act as a headwind for the metal. The downside seems limited ahead of the crucial US PCE Price Index on Thursday.
US Dollar Offered Ahead of Employment Data after US 10-year Yield Set New Low for the Year
2024-02-02
Overview: The dollar is offered ahead of today’s US
jobs report, even though expectations are for solid if not spectacular jobs
growth of around 185k. The Australian and New Zealand dollars are leading
today’s move, while the euro approached $1.09, which it has not traded above
this week. Sterling neared the lower end of its $1.26-$1.28 trading range
yesterday and set a new high for the week today, slightly above $1.2770. Emerging
market currencies are mostly firmer as well, with the Turkish lira, South
African rand, and a couple central European currencies bucking the move. Gold is consolidating in a
narrow range above $2052 after approaching a one-month high near $2065
yesterday. March WTI fell by a little more than 5% of the past two sessions and
has stabilized today after slipping to