Can Rate Cuts and Geopolitics Propel Gold to Fresh Record Highs?

The June Committee forecasts are based on the momentum of Q1 not Q2’s softening. Westpac continues to expect incoming data to justify two cuts in 2024, beginning in September. The FOMC showed considerable caution regarding both inflation and economic momentum at the June meeting, referencing the strength of Q1 2024 rather than the emerging softening […]

EURUSD reversed from key support level 1.0730 Likely to rise to resistance level 1.0860 EURUSD currency pair recently reversed up from the key support level 1.0730, which has been reversing the pair from the start of December, standing near the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from October […]

Gold unlocks fresh all-time high Bullish wave could stabilize, but perhaps temporarily Gold has been in an uninterrupted record rally over the past week, ticking to a new high of 2,304 before losing some steam early on Thursday. While investors continue to debate the longevity of the bullish wave as the rate cut scenario remains […]