Gold
Gold is unique for its durability (it doesn’t rust or corrode), malleability, and ability to conduct both heat and electricity. It has some industrial applications in dentistry and electronics, but we know it principally as a base for jewelry and as a form of currency.
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Gold Regains Luster Thanks to Weak NFP
Worse-than-expected US labor market data reduces the likelihood of US interest rate hikes, weakening the dollar and boosting gold prices…
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XAU/USD trades with positive bias on softer USD; Fed hike bets cap gains ahead of US NFP
Gold trades with a positive bias for the second straight day amid a modest USD downtick. Elevated Fed hike bets…
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Chart of The Day – Gold Below Psychological $4,000 Level as Rate Hike Fears Deepen
Gold has slipped back below the psychological barrier of $4,000 per ounce, remaining trapped at 8-month lows. The precious metal…
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Commodity Talk – Oil, Gold, Natgas, Cocoa
🛢️ Oil Largest quarterly drop since the pandemic: Brent crude oil futures prices fell by approximately 30% in the second…
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XAU/USD hangs near YTD low, below $4,000 as Iran risks and Fed hike bets bolster USD
Gold remains under some selling pressure for the third straight day on Wednesday. The Iran uncertainty and Fed hike bets…
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Chart of The Day – Gold rebounds above $4000 – Goldman Sachs reaffirmed the forecast
Although gold has fallen by nearly 30% since late January , and is down around 24% since the outbreak of…
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XAG/USD finds cushion near $56.60, eyes on US JOLTS Job Openings data
Silver price rebounds from $56.60; downside remains likely amid firm hawkish Fed bets. The Fed is expected to deliver at…
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Gold recovers slightly from YTD low; not out of the woods yet amid bullish USD
Gold attracts heavy selling pressure for the second straight day amid a broadly firmer USD. The US-Iran uncertainty revives inflation…
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Gold Drops on Rate Hike Fears
Gold fell to $4,040 an ounce on Monday, as uncertainty over US-Iran peace talks stoked inflation concerns and reinforced expectations…
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Three Markets to Watch Next Week – EUR/USD, Gold, S&P 500.
Last week brought a temporary reprieve from geopolitical tensions, driven partly by signs of peace talks and a ceasefire between…
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