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Gold Will See New Highs After Markets Get Past Hawkish Fed Outlook - TD Securities

Tuesday, 17 April 2018 16:36 WIB Gold Outlook Gold Corner

The recent positive gold price action has been restrained by a hawkish Federal Reserve outlook, said TD Securities in a report. “International tensions, a somewhat weaker USD and volatility in equities have taken gold as high as $1,365/oz this week. But, the yellow metal has yet to emerge from a tight trading range in the face of several expected increases in the Fed Funds rate,” head of global commodity strategy at TD Securities Bart Melek said in a report on Monday. Last week, gold had a great opportunity to rally out of its narrow trading range, noted Melek. But, even though prices did well — rising to the highest levels since January 25th on geopolitical risks surrounding Syria...

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Gold And The Fed Rate Hike

Tuesday, 27 March 2018 04:44 WIB Gold Outlook Gold Corner

Gold continues to trade in the pattern that has developed since the Fed began raising rates. This consists of a weakening pattern into the anticipated Fed meeting, a blip lower on the announcement and then a strong rally. We suggested that gold...

Due to a strong labor market and an expanding economy, markets should expect the Fed to err on the side of hawkishness, said CME Group’s Executive Director and Senior Economist, Erik Norland. “This is the Fed that’s obviously going to raise rates...

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SymbolLastChg 
RP998525
JPY99.2-0.01
EURUSD1.3066-0.0025
GPBUSD1.51090.0045

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