MARKET NUGGETS
Fed's ambiguous average 2% inflation target to create market volatility - BNP Paribas
Sep 1, 2020 11:02AM(Kitco News) - Although the U.S. dollar has managed to crawl up from its more than 2-year low, analysts and economists are expecting to see further weakness as investors continue to evaluate the full impact the Federal Reserves new stance on inflation will have on financial markets.
Gold investors should watch EUR/USD as dollar continues to lose ground Commerzbank
Sep 1, 2020 09:51AM(Kitco News) - Gold investors should be paying close attention to currency markets and how the euro is trading against the U.S. dollar, according to commodity analysts at Commerzbank. The U.S. dollar has lost significant ground since the start of the week; in particular, it is trading at a critical level against the euro.
Western markets dominate Swiss gold exports for 5th month in a row in July: Metals Focus
Aug 26, 2020 11:24AM(Kitco News) - Swiss gold exports were mostly directed at western markets, especially the U.S., for the fifth month in a row in July, says Metals Focus.
Gold price consolidation could last for months, deeper pullbacks not ruled out: TD Securities
Aug 26, 2020 10:42AM(Kitco News) - Gold could see months of consolidation before resuming its uptrend, according to TD Securities.
Rallying stock market keeps gold price under pressure: Commerzbank
Aug 25, 2020 12:07PM(Kitco News) - Risk-on sentiment is adding fuel to the stock market rally, putting downward pressure on gold, according to Commerzbank.
Current gold price weakness is a buying opportunity before Fed's Powell speech on Thursday: TD Securities
Aug 25, 2020 10:46AM(Kitco News) - Gold is consolidating ahead of the Federal Reserve Chair Jerome Powell's keynote address at the virtual Jackson Hole Symposium on Thursday, says TD Securities.
Fed Chair Powell's keynote at Jackson Hole could 'reinvigorate' gold price action: TD Securities
Aug 24, 2020 10:44AM(Kitco News) - All eyes are on the Federal Reserve Chair Jerome Powell's keynote address on Thursday at the virtual Jackson Hole symposium, according to TD Securities strategists.
Fed stalls gold price rebound: Commerzbank
Aug 20, 2020 10:16AM(Kitco News) - Gold prices are struggling with another setback following the release of the FOMC meeting minutes from July, says Commerzbank.
U.S. dollar-gold correlation to dictate price moves in the near term: MKS PAMP Group
Aug 20, 2020 10:15AM(Kitco News) - The U.S. dollar-gold correlation will be one of the primary drivers for the precious metal in the short term, according to MKS PAMP Group.
A slow price rebound for gold is actually more bullish in the long run: Commerzbank
Aug 19, 2020 11:09AM(Kitco News) - Gold is taking its time getting back to the highs from two weeks ago with $2,000 an ounce level acting as a strong resistance point, according to Commerzbank, which sees this trend as a very positive one for prices in the long term.
Larger gold price moves are now expected: RBC Wealth Management
Aug 19, 2020 11:07AM(Kitco News) - Higher volatility and larger gold price moves are expected as the U.S. November election nears, according to RBC Wealth Management.
Confidence in gold is on the rise: Commerzbank
Aug 18, 2020 10:52AM(Kitco News) - After falling below the $2,000 an ounce a week ago, gold is busy trying to re-take that key level on a sustainable basis.
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