Gold prices slightly increased today as the market anticipates the possible outcomes of the US CPI and PPI before the Fed's FOMC meeting tomorrow. Meanwhile, the US 10-year real interest rate continued to inch up slightly to above 1.5% with stable bond yields this week ahead of the significant monetary policy meeting and inflation data. The real yield is the...
Over last 2 weeks, the market has stopped responding to fundamentals which are showing a stronger labor market than the Fed is willing to tolerate; should have pushed XAU lower. We're 2 weeks away from the next rate hike (February 1st) and we could see a correction in this time, especially if the market is expecting a less aggressive Fed. In that case, price...
Gold prices have a tendency to congest for many months at a time before it breaks out. Current price action could suggest that we are close to a new rally to the upside. My suggestion is to wait it out for a few days to see if 1817 holds and wait for a good buy signal. For now, it's wise to be on the sidelines or wait for the price to break below 1817 for a short entry.
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into my insights. I do expected Royal Gold to have a positive earnings call in the upcoming 5 days, and currently it already is on a bullish curve with many investors giving it buy ratings. This is why I am calling at least...