Gold breaks the November high Geopolitical uncertainty is fuelling a fresh record high in gold. It's up $34 today to $2791, breaking the November high by $1. At the start…
The AUD/USD has been choppy and non-trending over the past few days, but the overall control remains with the sellers. The bearish bias stems from the pair breaking below the 200-hour moving average earlier…
Moderately hawkish decision The market has reacted in a hawkish way across the board after the FOMC decision. The statement removed a line saying 'inflation has made progress' and that's…
While the RBA has maintained a cautious stance on rate cuts, economists and financial markets are now speculating that the central bank may start considering reductions sooner than previously thought.…
Inflation data from Australia for the October- December quarter and for December month, 2024. Headline inflation numbers come in lower than expected. +2.4% y/y expected 2.5%, prior 2.8% +0.2% q/q…
The Australian CPI for Q4 2024 is the focus, The quarterly CPI data from Australia will be eyed for its impact on the likelihood of a February Reserve Bank of…
Commerzbank raised its gold price forecast for the end of Q1 2025 to $2,700 per troy ounce (previously $2,600). In terms of year-end forecast, "we continue to expect a gold…
Mondays are tough, but so for investors. Pre-market trading saw significant declines in the so-called “Magnificent Seven,” with Nvidia — one of the key drivers of the recent bull market —…