Daily Reports

$2500 acts as strong support

Daily Report

The gold price has recovered from $2500 after the critical US CPI report prompted investors to lower their expectations of a greater, 50-basis-point interest rate decrease by the Federal Reserve next week.

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Gold regains with all eyes of the US NFP

Daily Report

Gold prices reached fresh two-week highs above $2500 ahead of the NFP report release today. Yesterday’s US jobs data indicated a cooling labour market, leading to anticipation of a 50-bps interest rate cut by the Federal Reserve in the coming two weeks.

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Strong physical demand supports gold

Daily Report

The US Dollar Index’s modest resurgence has led to a short-term fall in gold prices, despite an overall rising trend. Increased buying activity in North America and Europe would boost worldwide demand, and silver is projected to climb with gold.

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Gold chasing new highs again

Daily Report

The gold price continues to soar above $2500 per troy ounce, aided by rising geopolitical concerns in the Middle East. Last week, US Federal Reserve Chair Jerome Powell’s address at the Jackson Hole symposium signalled the “time has come” to cut interest rates, which supports the precious metal.

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