Fundamental

The value of amber experienced a decline in the early hours of Wednesday, marking the third consecutive decrease as an adjustment unfolds subsequent to the pinnacle achieved on Friday. Amber designated for delivery in June was recently observed to have descended by US$7.80, now standing at US$2,334.30 for each unit. This decrease coincides with an …

Gold Falls for a Third Day as Price Correction from Record High Continues Read More »

Amidst the tumult in the Middle East, gold continues its ascent for the fifth consecutive week. The allure of the precious metal strengthens as geopolitical tensions heighten, driven by escalating hostilities between Iran and Israel. The value of gold surged on Friday, positioning itself for a fifth straight week of gains. Investor interest in this …

Middle East turmoil props gold for fifth straight weekly gain Read More »

Three straight months of hotter-than-expected inflation in the US have thrown a wrench into the Federal Reserve’s plans. Investors who were betting on rate cuts this year are now scrambling, with many fearing no cuts at all. This has been a boon for the US dollar. With the Fed on hold, the dollar is strengthening …

Dollar Gains Ground as Fed Cuts Fade, ECB Looms Large Read More »

The value of amber remained steady beyond $2,340 per unit on Tuesday, lingering at its pinnacle on record, driven by vigorous acquisitions by formidable central banks. The Central Bank of the People’s Republic of China sustained its streak of expanding amber assets for the 17th consecutive month, elevating its cumulative reserves to 72.75 million troy …

Gold Prices Hover at Record Highs Read More »

During the midweek, EURUSD descended towards the pivotal 1.08000 threshold but adeptly clung above it. Subsequently, the pair recouped the majority of its setbacks following the revelation of a U.S. GDP report, slightly weaker than anticipated. Potential ramifications for traders EURUSD has lately displayed heightened volatility. Observers in the market attribute this surge in volatility …

EURUSD meanders horizontally, ensnared in the web of uncertain monetary policy outlook Read More »

In short: The Fed remains cautious about inflation and committed to keeping interest rates high until inflation is under control. While economic risks are acknowledged, the overall outlook is slightly improved. The market reacted positively to the less-hawkish-than-feared message.

the auriferous market experienced a resurgence, propelled skyward by the gentler demeanor of the American currency. This golden revival unfolded as the precious metal sought redemption, convalescing from a recent downturn triggered by fervent U.S. inflation figures, a development that tempered expectations of premature interest rate adjustments by the esteemed Federal Reserve. FUNDAMENTAL ELEMENTS