Metals
Metals
Iron Ore Hits 1-Month High
Iron ore futures climbed above CNY 720 per ton, reaching a one-month high as investors anticipated a recovery in demand due to seasonal factors ahead of the September peak construction season. Construction activity in top consumer China typically picks up ahead of winter, strengthening the outlook for demand for steel and raw materials. China’s National […]
by Currency Hedger
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- 1 month ago
Metals, Technical Analysis
Gold pares intraday losses to sub-$4,400 levels on softer USD; not out of the woods yet
Gold (XAU/USD) recovers slightly from sub-$4,400 levels – a one-and-a-half-week low – touched during the Asian session on Monday, though the upside potential seems limited. A softer US Dollar (USD) offers some support to the precious metal and helps trim a part of its intraday losses. Meanwhile, Federal Reserve (Fed) Chair Kevin Warsh’s comments on curbing inflationary […]
by Currency Hedger
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- 1 month ago
Metals
Copper Edges Lower as Dollar Strengthens
Copper futures eased to around $6.55 per pound on Monday, falling for a fourth straight session as the dollar strengthened amid growing expectations that the Federal Reserve will raise interest rates next month following hawkish remarks from Chair Kevin Warsh. A stronger dollar makes greenback-priced commodities such as copper more expensive for buyers using other […]
by Currency Hedger
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- 1 month ago
Metals, Technical Analysis
XAU/USD drifts lower below $4,450 as hawkish Warsh remarks lift Fed hike bets
Gold price (XAU/USD) attracts some sellers to near $4,445 during the early Asian trading hours on Monday. The precious metal edges lower on a surprisingly hawkish speech by Federal Reserve (Fed) Chairman Kevin Warsh at the Jackson Hole economic symposium. The Fed Chairman warned on Friday that inflation is not slowing significantly and that unless policymakers become confident it […]
by Currency Hedger
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- 1 month ago
Metals
XAG/USD falls to near $66.00 amid Fed Chair Warsh’s hawkish tone
Silver price (XAG/USD) extends its losses for the second successive day, trading around $66.10 per troy ounce during the Asian hours on Monday. The non-yielding Silver declined following hawkish remarks from Federal Reserve (Fed) Chair Kevin Warsh. Warsh said on Friday at the Jackson Hole symposium that policymakers will “have work to do” if they were not confident […]
by Currency Hedger
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- 1 month ago
Metals
Gold Extends Fall on Fed Rate Hike Bets
Gold fell below $4,450 an ounce on Monday, extending a sharp drop in the previous session as hawkish remarks from Federal Reserve Chair Kevin Warsh revived expectations for an imminent interest rate hike. In his Jackson Hole address on Friday, Warsh warned that inflation is not easing significantly and reaffirmed the central bank’s commitment to […]
by Currency Hedger
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- 1 month ago
Metals
Hawkish Fed Chair Warsh Boosts the Dollar and Sinks Gold
The dollar index (DXY00) rallied to a 2-week high on Friday and finished up by +0.61%. The dollar jumped on Friday on hawkish comments from Fed Chair Warsh, who warned inflation isn’t meaningfully slowing and vowed that policymakers will return inflation to their 2% target. The chance of a Fed rate hike at next month’s […]
by Currency Hedger
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- 1 month ago
Metals, Technical Analysis
Gold Price Forecast: XAU/USD holds above $4.600 with all eyes on Fed Warsh’s speech
Gold (XAU/USD) trades practically flat for the second consecutive day on Friday, with the rejection from three-month highs near $4,700 hit earlier in the week contained at a previous resistance area, just below $4,600. Market volatility remains subdued on Friday, with investors focusing on Federal Reserve Chairman Kevin Warsh’s speech at the Jackson Hole Symposium, due later in […]
by Currency Hedger
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- 1 month ago
Market Analysis, Metals
Gold Price – XAU/USD holds gains above $4,600 as bullish bias prevails
Gold (XAU/USD) extends its gains for the second successive day, trading around $4,610 during the European hours on Friday. The price of the precious metal is remaining within the ascending channel pattern, suggesting a persistent bullish bias. The XAU/USD pair is retaining a constructive bullish bias as spot holds above both the nine-period and 50-period Exponential […]
by Currency Hedger
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- 1 month ago
Metals
Gold Steady as Investors Await Warsh’s Jackson Hole Speech
Gold was little changed around $4,590 an ounce on Thursday after posting its biggest one-day percentage decline in a week, as investors awaited fresh policy signals from Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium on Friday. Despite slightly hotter US inflation data, concerns over global debt continue to support demand for the […]
by Currency Hedger
- 0 Comments
- 1 month ago