Gold Technical: Poised for a Potential Bullish Breakout as US CPI Looms

Markets Vocal ECB members provided core bonds with some early momentum on Friday. Especially ECB Villeroy gave some support by suggesting that an April rate cut is still in play less than 24 hours after ECB Lagarde actually ruled that scenario out at the ECB’s presser. Fed Chair Powell earlier last week did more or […]

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 […]

The Swiss National Bank (SNB) cut its rate by another 25bp yesterday. The latest uptick in inflation didn’t bother the Swiss policymakers who considered that inflation remains in check in Switzerland. They preferred to give the economy – especially the Swiss exporter and families with mortgages – the additional support they needed. The market reaction […]