Gold futures edged up in relatively light trading, but are expected to end the week slightly lower on the uncertain outlook for Federal Reserve interest rate cuts and resilient US economic data. Analysts at MUFG said in a note that strong initial requests and retail sales data had kept the market cautious ahead of the next Fed meeting. Still, gold prices are up 27 per cent so far this year on geopolitical risks and concerns about dollar-denominated assets stemming from the dollar's slide. Analys...
Gold breaks through bullish clouds, indicating that next week will be a shock to welcome non-agricultural data, the dollar index continues to hold a high position, and the pound bottoms out and rebounds are suppressed... Click to view the key points of each asset based on order flow > >
Spot gold fell back below $2,650 an ounce for the first time since October 15, falling 0.34% during the day.
Gold is in turmoil, what positions are you focusing on today? The US dollar index rebounds, and gold is under pressure at an important juncture. Do bulls still have a chance? Click to view detailed analysis > > >