Gold Trend 30/09

Carrying the upward trend from the week before, gold prices hit a new high, pricing in the US Fed. additional 0.25% rate cut last week, in line with our expectations. The current uptrend started from…

Gold Trend 23/09

The uptrend has restarted since the gold prices broke out from the range of 2480-2530(1) two weeks ago. There was some S-T profit-taking after the US Fed announcement, however, the prices managed to clear the…

Gold Trend 09/09

Spot gold price has remained sideway in the past 2 weeks, with both the PCE price index and US employment data failing to bring new momentum to the market. The OI data from CME's gold…

Gold Trend 26/08

Gold price carried forward the upward momentum from the breaking of 2480 in the previous week, hitting a fresh record high of 2531 early last week. But the buying has reversed after the Fed. Meeting…

Gold Trend 05/08 – The spot gold price is losing upward momentum despite the expectations of a Fed. Rate cut increasing

The spot gold price went up during the week but fell after Friday's US non-farm payroll report. Looking back at last week, the price broke through the 2400 resistance before the Fed—meeting on Wed. The…