Connect with us

Precious Metals

Daily market commentary: The euro edged up, ahead of the European Central Bank meeting

Gold Gold prices are flat during early Thursday trading, barely moving as traders eye the release of important US employment and inflation data, which…

Published

on

This article was originally published by LeapRate

Gold

Gold prices are flat during early Thursday trading, barely moving as traders eye the release of important US employment and inflation data, which is coming out later today and tomorrow. The price of bullion remains conditioned by two vectors that have kept it in a narrow range over the last few sessions; on one side, the precious metal is supported by the economic uncertainty generated by geopolitical instability and high inflation, which enhances its haven appeal. At the same time, a strong dollar and rising bond yields, cap gains for the non-yielding gold. Against this background, the US data, due to be released before the weekend may generate more movement in the price of bullion, especially if inflation numbers surprise to the upside and trigger more gains for the dollar, in a dynamic that would penalize gold.

Ricardo Evangelista – Senior Analyst, ActivTrades


Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is not a trading advice.

The post Daily market commentary: The euro edged up, ahead of the European Central Bank meeting appeared first on LeapRate.

Precious Metals

How Does Wall Street Rate Shares Of New Gold Inc. (NGD)?

New Gold Inc. (AMEX:NGD) saw a downside of -4.27% to $1.12 after subtracting -$0.05 on Wednesday. The 5-day average trading volume is 3,331,579 shares…

Continue Reading
Precious Metals

The Top Reasons to Jump into Oversold Gold Stocks

Gold prices could rally well above $2,500 this year, says Goldman Sachs. Analyst Jeff Currie sees the perfect storm for gold based strong investor demand…

Continue Reading
Precious Metals

Gold Stocks in Demand as Volatility Continues

Gold aspirant Cavalier Resources announces its new substantial shareholders following IPO Gold stocks in demand as investors seek the traditional … Read…

Continue Reading

Trending