Category: Gold

Commodities, Fed, Forex, fx, Gold, Powell

Gold Intraday: Back in Consolidation Range as Fed Reaffirms Commitment

Yesterday, spot gold posted the largest daily gains since May 7 as Fed reaffirmed commitment to low interest rates and QE… Spot gold jumped 1.2% on day to $1,735 yesterday, the largest daily gains since May 7. The U.S. Federal Reserve officials’ median forecast showed that Fed Funds Rate is expected to remain at current level through […]

Forex, Gold

Gold: Potential Signals Point to a Deeper Correction

Spot gold sank 1.5% on day to $1,686 on last Friday, as investors were shocked by a 2.5 million increase in U.S. nonfarm payrolls in May… Spot gold sank 1.5% on day to $1,686 last Friday, as investors were shocked by a 2.5 million increase in U.S. nonfarm payrolls in May. The surprising growth in jobs signals that the […]