Posts by admin

Gold trade sideways awaiting payroll data

Daily Report

Gold headed for the first weekly drop in four as investors counted down to U.S. jobs data for the latest read on the health of the labor market, figures that could hint at the outlook for Federal Reserve policy.

Gold breaks out after Jackson Hole

Weekly Blog
gold

Gold surged to its highest level in two weeks after Federal Reserve Chairman Jerome Powell said the reduction could be appropriate this year, assuaging fears that policymakers will tighten monetary policy soon.

Gold trade sideways as Jackson Hole awaited for clues on FED’s Taper

Daily Report

Gold trade sideways before the start of the annual Jackson Hole symposium as investors await clues on the Federal Reserve’s tapering plans. Chair Jerome Powell’s keynote speech on Friday will be monitored for any fresh signals on when and how the U.S. central bank plans to scale back its extraordinary asset purchases.