Browsing Tag

XAU

Weekly Metals Wrap

Gold After breaking out above the 1235 resistance level last week which has capped price over the past six months, gold prices retreated lower this week as the US Dollar pushed back up toward recent highs. US Dollar has come back into… Read More

Weekly Metals Wrap

Gold The yellow metal rallied this week, benefiting from weakness in the US Dollar to trade back to its highest levels since Q1 of the year. The weakness in the US Dollar was seen in response to Fed chairman Powell comments at the Economic… Read More

Weekly Metals Wrap

Gold The yellow metal rose once again this week having now recovered around 6% from its mid-August year-to-date lows. The driver behind the recovery in gold has been the considerable decline in global equity prices which has extended to a… Read More

Weekly Metals Wrap

Gold The correlation between the US Dollar and gold broke down this week with the yellow metal posting its third consecutive weekly gain despite the rally in USD. Much of this dynamic is explained through the continued slide in equity… Read More