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Gold Price Stands Tall Near Record High, Around $2,300 Amid Geopolitical Risks

Gold Price Stands Tall Near Record High, Around $2,300 Amid Geopolitical Risks

Image Source: Unsplash Gold price climbs to a fresh all-time peak amid geopolitical risks and a softer USD. The uncertainty over the Fed’s rate-cut path drags the USD to a one-week trough. Extremely overbought RSI on the daily chart warrants caution for bullish traders. Gold prices (XAU/USD) touched a fresh record high, around the $2,300 mark, during […]
Gold In Breakout Mode. It Could Hit $5000 In 2026

Gold In Breakout Mode. It Could Hit $5000 In 2026

Image Source: PixabayGold is clearly in breakout mode. We look at historical cyclical moves in Gold and argue it could reach $5000 before the end of 2026. This will require an economic downturn.Video Length: 00:09:23More By This Author:Gold To Perform Even Better In Hard Landing Bullion Banks Now Paving The Way For Higher Gold Price Gold […]
The Commodities Feed: No Change To OPEC+ Policy

The Commodities Feed: No Change To OPEC+ Policy

Image Source: PixabayEnergy – JMMC recommends no change to OPEC+ cutsOil prices continue to edge higher, although Brent is facing some resistance at the US$90/bbl level, with it unable to break above it so far. Meanwhile, the market is also moving into overbought territory.OPEC+ held its Joint Ministerial Monitoring Committee (JMMC) meeting yesterday and as widely […]
Metals Report For Wednesday, April 3

Metals Report For Wednesday, April 3

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:05:49More By This Author:Financial Markets Report For Wednesday, April 3Metals Report For Tuesday, April 2Financial Markets Report For Tuesday, April 2
Stocks Stall On April 3, 2024, As Copper And Oil Break Out

Stocks Stall On April 3, 2024, As Copper And Oil Break Out

Image Source: UnsplashStocks finished the day flat after a hot ADP report sent rates higher, and a cool ISM report sent rates back to flat. That left stocks moving sideways after a brief move higher in the midday and a decline into the close. So, if you are counting, the S&P 500 finished the day below […]
Gold Miners ETF Extending Higher In Impulsive Structure

Gold Miners ETF Extending Higher In Impulsive Structure

Image Source: PixabayShort Term Elliott Wave view in Gold Miners ETF (GDX) suggests rally from 2.29.2024 low is in progress as a 5 waves impulse structure. Up from 2.29.2024 low, wave ((i)) ended at 30.48 and pullback in wave ((ii)) ended at 28.91. Internal subdivision of wave ((ii)) unfolded as a zigzag structure. Down from wave ((i)), wave (a) […]
WTI Stands Tall Near Multi-Month Peak, Just Above $85.00/Barrel Mark

WTI Stands Tall Near Multi-Month Peak, Just Above $85.00/Barrel Mark

Image Source: Unsplash WTI is seen consolidating its recent strong move to over a five-month peak. Worries about supply disruptions and tight global supply lend some support. Signs of improving demand should further contribute to limiting the downside. West Texas Intermediate (WTI) US Crude Oil prices enter a bullish consolidation phase during the Asian session on Thursday […]
Australian Dollar Edges Higher On Improved Aussie PMI Amid Steady US Dollar

Australian Dollar Edges Higher On Improved Aussie PMI Amid Steady US Dollar

Image Source: Pixabay Australian Dollar gains ground on improved domestic economic data on Thursday. Australia’s Judo Bank Services and Composite PMIs improved to 54.4 and 53.3, respectively, in March. US Dollar receives downward pressure due to lower US Treasury yields. The Australian Dollar (AUD) continues to gain ground on the third successive session after improved Judo […]
USD/CAD Remains Under Selling Pressure Below 1.3530 Amid Weaker US Dollar, Higher Oil Prices

USD/CAD Remains Under Selling Pressure Below 1.3530 Amid Weaker US Dollar, Higher Oil Prices

Photo by Michelle Spollen on Unsplash USD/CAD drifts lower to 1.3520 on the softer US Dollar on Thursday.  The US March ISM Services PMI came in weaker than expected, easing to 51.4 from 52.6 in February. Higher crude oil prices amid the fear of oil supply disruptions lift the commodity-linked Loonie. The USD/CAD pair trades on a softer […]
Bank Earnings Loom: What To Expect

Bank Earnings Loom: What To Expect

Image Source: Pixabay Total S&P 500 earnings for the first quarter of 2024 are expected to be up +2.5% from the same period last year on +3.5% higher revenues. This follows the +6.7% earnings growth on +3.9% higher revenues in 2023 Q4. The Tech and Energy sectors are having the opposite effects on the Q1 earnings […]