Market Analysis: Gold and Oil Prices Aim For Further Gains

As the XAU/USD chart shows, on 16th July, the gold price rose above $2460 for the first time in history. The bullish sentiment is driven by: → Anticipation of Fed rate cuts, as the appeal of non-yielding bullion generally increases in low-interest-rate environments. → Geopolitical tensions, with an attempt on Trump’s life possibly boosting demand […]

Summary As expected, the Federal Open Market Committee left the federal funds rate target range unchanged at 5.25-5.50% at the conclusion of its meeting today. Yet the latest Summary of Economic Projections showed most participants continue to expect at least some reduction in the fed funds rate before the year is out. The median projection […]

Oil prices slide after OPEC+ alliance delays meeting But recent headlines point to consensus Oil prices could gain, but any recovery may prove limited The meeting was postponed from Sunday to this Thursday OPEC+ delays decision on lack of consensus Oil prices tumbled after OPEC and other major oil producing nations, known as the OPEC+ […]