gold forecast today The yellow metal continues to find support
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| gold forecast today The yellow metal continues to find support |
gold forecast today The yellow metal continues to find support
gold forecast today remains trading fairly constructively despite somewhat positive risk news flow within the previous couple of days. The alpha-beta brass continues to seek out support from January seasonality, which has attended be a positively active month for gold prices over the past decade
With such a lot data and news flooding our screens and ears, we frequently misinterpret what it all means. The stock exchange is but one indicator of the economy; however, too often, we tend to obscure the connection into one giant morass. But its the lofty equity market that gives a superb reason to have gold, especially when those exact same markets are arguably pricing in an over-inflated view of the US economy. Sure, the economy continues to chug along, but there's nothing within the data thus far to warrant a big rerating
gold forecast today Also, the market must start to think about what happens at the Iowa caucuses (Feb 3) and New Hampshire primaries (Feb 11), and if the markets take a shift to the left before ‘Super-Tuesday,’ how big of a change are they willing to price?? If Sanders lives up to recent polling and does alright in Iowa and New Hampshire, the market will likely sell risk assets and dive into gold
Gold continues to mount rallies despite a better USD and firm equities
In 2019, gold was less sensitive to the USD as US interest continued to maneuver lower, and while the Fed lower for extended narrative isn't necessarily bullish for gold prices, it’s no bearish either
gold forecast today US equity markets have provided a poor indicator of the health of the US economy because the equity market rally remains primarily sponsored by the Fed short term money deluge. So, with equity indices trading at record highs and far uncertainty over how the market will react once the Fed starts to tug back on Repo injections, the fear of a mini equity market taper tantrum keeps strategic gold buyers returning for more
gold forecast today And while the US economic data continues to stabilize favorably, at this stage, the US economy doesn’t warrant a big enough rerating to push bond yields higher, which is supportive for gold
gold forecast today remains trading fairly constructively despite somewhat positive risk news flow within the previous couple of days. The alpha-beta brass continues to seek out support from January seasonality, which has attended be a positively active month for gold prices over the past decade
With such a lot data and news flooding our screens and ears, we frequently misinterpret what it all means. The stock exchange is but one indicator of the economy; however, too often, we tend to obscure the connection into one giant morass. But its the lofty equity market that gives a superb reason to have gold, especially when those exact same markets are arguably pricing in an over-inflated view of the US economy. Sure, the economy continues to chug along, but there's nothing within the data thus far to warrant a big rerating
gold forecast today Also, the market must start to think about what happens at the Iowa caucuses (Feb 3) and New Hampshire primaries (Feb 11), and if the markets take a shift to the left before ‘Super-Tuesday,’ how big of a change are they willing to price?? If Sanders lives up to recent polling and does alright in Iowa and New Hampshire, the market will likely sell risk assets and dive into gold
Gold continues to mount rallies despite a better USD and firm equities
In 2019, gold was less sensitive to the USD as US interest continued to maneuver lower, and while the Fed lower for extended narrative isn't necessarily bullish for gold prices, it’s no bearish either
gold forecast today US equity markets have provided a poor indicator of the health of the US economy because the equity market rally remains primarily sponsored by the Fed short term money deluge. So, with equity indices trading at record highs and far uncertainty over how the market will react once the Fed starts to tug back on Repo injections, the fear of a mini equity market taper tantrum keeps strategic gold buyers returning for more
gold forecast today And while the US economic data continues to stabilize favorably, at this stage, the US economy doesn’t warrant a big enough rerating to push bond yields higher, which is supportive for gold
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