Gold (XAU/USD) Eyes $2,700 as Fed Rate Cut Looms, Geopolitics in Focus

Retail sales rose by 0.6% month-on-month (m/m) in December, extending November’s 0.3% gain. This was higher than consensus forecast calling for an increase of 0.4%. Trade in the auto sector was up on the month rising by 1.1% m/m. This reflected an increase in sales at both motor vehicle dealers (up 1.2%) and automotive parts […]

Silver reversed from support zone Likely to rise to resistance level 35.00 Silver recently reversed up from the support zone located between the key support level 33.00 (which stopped wave 1 last month) and the 38.2% Fibonacci correction of the upward impulse from the start of October. The support level 33.00 was further strengthened by […]

Markets The US was at the center of attention yesterday with the August inflation figures. The spotlights today were aimed at Frankfurt. The European Central Bank delivered on the widely expected 25 bps rate cut that brought the deposit rate at 3.5%. It cut the MRO and MLF rates by 60 bps (3.65% and 3.90% […]