Market Overview

Today's PCE Data May Define the Gold Trend Gold (XAU) has been moving sideways within 2,325–2,363 throughout the week, awaiting today's US Personal Consumption Expenditure (PCE) Price Index data....

When predicting the future, we're best served by following "what benefits the wealthy and powerful," as that is the likeliest outcome.This contrarian sees a strong consensus around the notion that...

Tomorrow’s update on US inflation for April looks set to tick lower, although the odds aren’t trivial that pricing pressure will remain sticky, according to various forecasts and a review of pricing...

Yesterday, we observed a deeper correction in stocks during the US session, triggered by some hawkish comments from Fed members. As a result, US yields moved up to the 78.6% Fibonacci level, which...

Higher Treasury yields contribute to stock indices’ retreat Euro under pressure as the pound benefits from the election Gold fails to benefit from risk-off; oil drops ahead of OPEC meeting Dollar...

Gold Falls by 1% as US Dollar StrengthensGold (XAU) dropped by 1% on Wednesday as the US Dollar Index (DXY) and Treasury yields strengthened ahead of the US inflation report. The DXY strengthened...

Market mood further darkened yesterday following another round of weak Treasury sales in the US. The 7-year note failed to attract enough demand on Wednesday. The 2-year and 5-year auctions also saw...

Back-and-forth movement. That’s what we’ve been expecting.0And that’s exactly what we see in gold. Today, we see the “forth” part as the yellow metal erases its recent...

This article follows part one, which discusses the massive investment dollars that will be spent expanding and modernizing the power grid to facilitate demand from AI data centers and EV users.With...

US stock indices under pressure as yields climb German CPI could dictate next week’s ECB rhetoric Yen underperformance lingers; all eyes on Friday’s Tokyo CPI Dollar rallied on Tuesday, US stock...

Gold Rose Despite Strong US Consumer Confidence DataXAU/USD rose by 0.43% on Tuesday despite higher-than-expected US CB Consumer Confidence figures. The Conference Board (СВ) reported on...

The first day back after the long weekend brought traders back down to earth. A weak sale of US 2-year and 5-year notes, and Federal Reserve’s (Fed) Neel Kashkari’s comments that the Fed...

A broad set of US economic indicators continue to show that the odds are low that an NBER-defined recession has started or is imminent. This profile upends the dark narrative favored in some quarters....

Corporate greed is not causing inflation, despite the claims of many on the some who failed to understand the very basics of economic supply and demand. “If you take a look at what people have,...