Gold/Platinum

Opening the month around USD 2,400, the gold price gained for a number of trading sessions as the market digested comments that followed the US FOMC meeting. While the Funds rate was kept steady as widely expected, the Chair Jerome Powell’s comments that the easing of monetary policy was ‘imminent’ were positive for gold. Like other assets, gold was heavily ...

Gold prices are trading just below record highs today as traders await the latest NFP data. Across the week, softer-than-forecast JOLTS job openings and ADP labour market data have kept the US Dollar pressured lower, keeping gold supported. If today’s NDP data comes in below forecasts too, this should amplify the current dynamic, creating deeper pressure on ...