Gold Outlook: “The momentum break experienced on election day typically marks the end of such moves. But if that is the case, what can we expect from here? The melt-up has created a notable margin of safety for macro fund positions, which now hold significant paper profits on their extremely bloated length. Large scale selling activity from CTAs will only kick off below $2600/oz.”
metals
Gold Investors Await Fed Policy Announcements
Gold Investors And Fed Policy: The US economic calendar will feature Retail Sales data for August on Tuesday. Investors expect a monthly increase of 0.2% following the 1% growth recorded in July. A negative print could make it difficult for the USD to find demand and help Yellow Metal edge higher. Nevertheless, the market reaction is likely to remain short-lived, with investors refraining from taking large positions ahead of the Fed’s monetary policy announcements on Wednesday.
Metals – Iron ore breaks below $90/t
Iron ore prices sank below $90/t for the first time since 2022 yesterday as China gloom continues to deepen. Iron ore is one of the worst-performing commodities so far this year, with prices now down about 33% year-to-date. We believe price risks are increasingly skewed to the downside for the industrial metal as the outlook in China, the biggest buyer, continues to deteriorate. Iron ore port holdings in China continue to rise, now back above 150 million tonnes and standing at their highest ever for the time of year, a sign of abundant seaborne supplies.
Gold in the last leg of the 5th wave ABC
Following up from our last update titled “Are Bulls Teasing Bears?”, we are witnessing an exhilarating finish to the week as gold makes a remarkable $100 jump since our last analysis. This thrilling surge forms part of the final leg, Wave 5, of the proposed ending diagonal structure. True to Elliott Wave principles, each wave within this structure is subdividing into three smaller waves, ABC.
Silver Price Analysis: चांदी 2% से अधिक बढ़कर $29.00 पर पहुंची
🟢 Silver Price Analysis: चांदी की कीमत (Silver Price) में बुधवार को तेजी लौटी और 2% से अधिक की तेजी आई, जो 100-दिवसीय मूविंग एवरेज (DMA) को पार करते हुए $28.58 पर पहुंच गई, जो एक प्रमुख प्रतिरोध स्तर था जिसने ग्रे धातु की बढ़त को $29.00 तक सीमित कर दिया। Silver $28.25 के दैनिक निचले स्तर से उछलकर $28.99 पर कारोबार कर रहा है।
सोने की कीमत अगले हफ्ते फेडस्पीक पर प्रतिक्रिया दे सकती है
Gold Price News: सोने ने गति पकड़ी और शुक्रवार को अधिकांश साप्ताहिक लाभ मिटाने से पहले जनवरी की शुरुआत के बाद से 2,060 डॉलर से ऊपर चढ़कर अपने उच्चतम स्तर पर पहुंच गया। उच्च स्तरीय व्यापक आर्थिक डेटा रिलीज के अभाव में फेडरल रिजर्व (फेड) के अधिकारियों की टिप्पणियां अगले सप्ताह कीमती धातु के मूल्यांकन पर असर डाल सकती हैं।
Spot Gold Forecast: Bullion Looks to extend correction
Spot Gold Forecast: The US markets will be closed due to the Labor Day holiday on Monday and as such market action is likely to remain subdued. In the early trading hours of the Asian session on Tuesday, the Caixin Services PMI data from China will be watched closely by market participants. A reading below 50 could remind investors of the slowdown in the world’s second-biggest economy and hurt gold. On the other hand, an unexpected improvement in the data could help the market mood improve, providing relief for the precious metal.
Gold Could Post Additional Losses With a Daily Close Below $1,840
The XAU/USD (Gold) pair started the new year on a firm footing and rose more than 2% on the first trading day of 2021. The pairpreserved its bullishmomentum during the first half of the week and touched its highest level in nearly two months at $1,959 on Wednesday.
Copper MCX Price Target 408—413 – Any Big Panic Buy And Sleep – Neal Bhai
Copper MCX Price Target 408—413 – Any Big Panic Buy And Sleep – Neal Bhai
Shanghai copper prices rose to a near four-week high on Monday as supply worries rose following a fall in inventories and suspension of operations in major producer nations.
Gold Futures Score Highest Finish in Over 6 Years – Gold Silver Reports
Gold Silver Reports (GSR) – The precious metal has rallied 11% this year, with much of the move occurring in the last several months, as concerns around slowing global growth and U.S.-China trade tensions took hold among investors. It continued to tick up on Wednesday after President Donald Trump said he intended to nominate two dovish candidates to the Federal Reserve’s board of governors.