There are several factors that can drive gold prices up in long term. Some of the key factors include:
1. Global Economic Uncertainty: Gold is often seen as a safe-haven asset during times of economic uncertainty or market volatility. Investors tend to flock to gold as a store of value when traditional investments like stocks and bonds are perceived as risky.
2....
Inflation is finally cooling off as inflation gradually loosened its grip on Wall Street and the economy in 2023, raising hopes for a gentler Federal Reserve and further gains for the market in 2024.
Stocks rallied to their best 9-weeks stripe over the past 20 years in November and December, 2023 (so-called 'Santa Rally') as investors raised their bets that the...
Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’, as in recent interview to Bloomberg JPMorgan CEO has warned for months that rates could stay high.
Jamie Dimon said he’s still more worried about inflation than markets appear to be.
The JPMorgan Chase & Co. chief executive officer said significant price pressures continue to influence the US economy...
MACRO MONDAY 8
S&P500 / M2 Money Supply ( SP:SPX / $WMN2S)
M2 is a broad measure of the US money supply that includes cash, checking deposits, and other types of deposits that are readily convertible to cash such as CDs.
M2 is seen as a reliable metric for forecasting/predicting inflation and for this reason it can be used as leading economic indicator....
Stay ahead in the gold market with our latest analysis! Gold prices are holding strong around $2385, with potential to breach the $2400 mark amidst escalating tensions in the Middle East. Geopolitical uncertainties drive investors towards gold, making it a safe haven asset of choice. Our in-depth analysis delves into market trends, technical indicators, and...
The Australian dollar has stabilized on Thursday. In the North American session, AUD/USD is trading at 0.6524, up 0.19%. The Aussie plunged 1.75% a day earlier after US inflation accelerated and beat expectations.
US inflation has hit a bump, as March CPI accelerated to 3.5% y/y, up from 3.2% and above the market estimate of 3.4%. This is the second straight...
The Australian dollar has declined sharply on Wednesday. In the North American session, AUD/USD is trading at 0.6515, down 1.7%.
The US consumer price index has accelerated for a second straight month. The March CPI rose 3.5%, up from 3.2% in February and above the market estimate of 3.4%. This was the highest inflation rate since September. On a monthly basis,...
The S&P 500 Index ( SPY) Wednesday closed down -0.22%, the Dow Jones Industrials Index
DIA closed up +0.10%, and the Nasdaq 100 Index (QQQ) closed down -0.83%.
Stocks Wednesday saw downward pressure from the +4.1 bp rise in the 10-year T-note and a sell-off of more than -2% in key chip stocks.
However, the Dow Jones Industrials saw support from blue chips...
The main technical graph is for Cotton # 2 Futures that firmly up this year, with solid 13.5 percent performance in 2024 to this time.
The weekly Commitment of Traders report showed managed money cotton traders dropped 6k existing shorts and added 11.6k new longs during the week that ended 2/6. That raised their net long to 46,344 contracts. Commercial cotton...
U.S Core PCE (FEDS FAVOURITE METRIC)
Rep: 2.8% ✅ Slight decrease as Expected ✅
Exp: 2.8%
Prev: 2.9%
U.S. Headline PCE
Rep: 2.4% ✅ Notable Decrease Expected ✅
Exp: 2.4%
Prev: 2.6%
Both Headline & Core PCE have come in lower and as expected;
✅ Core decreased from 2.9% to 2.8%
✅ Headline PCE decreased from 2.6% to 2.4%
Historical Core PCE Norms
On the chart...
Trimble is a company that specializes in software for navigation, guidance, and control of equipment for various industries, including construction and agriculture, trades at $54 per share, about 37% below the level seen two years ago in December 2021.
Looking at a slightly longer term, NASDAQ:TRMB stock has faced a notable decline of 25% from levels of $65 in...
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INFORMATION
Gold (XAU/USD) rose for the fourth straight session on Tuesday (+0.50% to $2,027), firmly establishing itself above the $2,025 mark, supported by declining U.S. Treasury yields and a subdued U.S. dollar, with risk-averse sentiment on Wall Street likely reinforcing the metal’s advance.
💲BUY GOLD 💲
💲SELL GOLD 💲
Signal Updates in...
The collapse in Treasury bonds in 2021-2023 now ranked among the worst market crashes in history.
Since March 2020 to 2023 fall, Treasury long term bonds with maturities of 10 years or more have plummeted over 40% while the 30-year bond had plunged over 50%.
That's just under losses seen in the stock market when the dot-com bubble burst.
The bond rout was worse...
The Australian dollar is in positive territory on Wednesday. In the North American session, AUD/USD is trading at 0.6488, up 0.54%. The Australian currency slid 1.18% on Tuesday, following the stronger-than-expected US inflation report.
The Australian dollar suffered its worst one-day performance on Monday since October 2023, sinking 1.16%. This was due to the US...
Fed officials last week again signaled the U.S. central bank has no pressing need to cut rates. The message gave the dollar an extra tailwind that pushed the yen to a 10-week low as traders reduced bets on how quickly the Bank of Japan (BOJ) might raise rates.
BOJ Governor Kazuo Ueda said on Friday there was a high chance for easy monetary conditions to persist...
At the latest FOMC meeting on January 31st, Jerome Powell stated, 'The Fed is not ready to start cutting,' which immediately caused the yield to pivot higher. During an recent interview on Sunday, February 4th, he reiterated that the US central bank is not yet prepared to cut interest rates, resulting in another increase in the yield.
Today, we will discuss the...
My views of Inflation:
In essence, the inverse correlation between gold and real rates persists, I anticipate a transition from QT to QE by the Fed come May, and subsequent rate adjustments in 2024, propelling Gold towards my $2300-$2400 target. My projection is underpinned by my forecast in the deceleration of inflation, evidenced by the significant...
The market 'bloodbath is likely to continue' with investors set to lose tens of trillions over next decade, "Dr. Doom" Nouriel Roubini says.
orld economies are facing a "megathreatened age," with stagflation set to become a core driver of major market headwinds, "Dr. Doom" Nouriel Roubini said in a Project Syndicate article published recently on Friday, November...
