Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Middle East conflict boosts gold prices, but the strong U.S. dollar and rising Treasury yields could limit gains. Inflation data will be key this week.
Resilient U.S. economy and China's stimulus dampen gold's appeal, signaling a bearish outlook as XAU/USD remains below the key $2,648 pivot.
US Jobs Report boosts risk appetite, fuels Asian stock gains. Nikkei 225 and Hang Seng advance as investors eye the Middle East conflict.
Gold edged lower in early Asian trade. Strong U.S. jobs data has lowered the pressure for bigger Fed rate cuts.
Asian markets diverge: Hang Seng surges, ASX dips on Fed outlook, and Nikkei declines despite weaker yen, as China stimulus drives HK demand.
Rising Treasury yields and a stronger dollar pressure gold prices, while Middle East tensions offer limited safe-haven support.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
David Stryzewski expects to see a bull market for the short-term, but isn't convinced on the Fed's rate cut direction. He says, "I don't think inflation is under control.
Rising Treasury yields put significant pressure on gold markets today.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.