[Tree] Gold market response to ISM Services PMI decline

Version 0.7 (2024-12-04 15:50:24.259000)

updates: Updated gold price and ISM Services PMI details

Version 0.69 (2024-07-15 13:54:30.910000)

updates: Gold price remains steady ahead of Powell speech

Version 0.68 (2024-07-02 13:59:51.628000)

updates: Updates on gold price weakness ahead of data points and Powell comments

Version 0.67 (2024-07-01 12:57:53.375000)

updates: Gold price increases due to short covering

Version 0.66 (2024-06-26 13:54:18.719000)

updates: Gold price holding support above $2,300, silver struggling at $29

Version 0.65 (2024-06-25 19:57:06.689000)

updates: Silver drops sharply, gold remains sidelined

Version 0.64 (2024-06-25 13:55:44.655000)

updates: Gold and silver prices struggling to gain momentum

Version 0.63 (2024-06-24 13:54:50.271000)

updates: Gold and silver prices benefit from weaker U.S. dollar

Version 0.62 (2024-06-21 20:55:57.159000)

updates: Incorporated analysis from Investing.com on gold's reversal and potential decline

Version 0.61 (2024-06-19 19:57:40.353000)

updates: Gold and silver prices expected to rise despite consolidation

Version 0.6 (2024-06-17 12:55:17.088000)

updates: Gold price under pressure despite positive economic data

Version 0.59 (2024-06-12 16:56:32.960000)

updates: New information on the impact of small changes in reserves on gold price

Version 0.58 (2024-06-11 12:58:25.493000)

updates: Includes key intra-day price entry levels for active traders

Version 0.57 (2024-06-11 12:54:07.566000)

updates: Mild price pressure on gold ahead of FOMC meeting

Version 0.56 (2024-06-04 12:58:06.146000)

updates: The article highlights the impact of crude oil on gold and silver prices

Version 0.55 (2024-06-03 15:55:37.874000)

updates: Integration of information on ECB-Fed divergence and solar energy impact

Version 0.54 (2024-05-31 22:52:46.792000)

updates: Rate cuts and nonfarm payrolls driving precious metals

Version 0.53 (2024-05-30 14:59:15.359000)

updates: Spot gold reaches fresh session high above $2,350 as U.S. pending home sales drop

Version 0.52 (2024-05-28 16:57:54.829000)

updates: Added information about gold and silver prices, profit taking, and market analysis

Version 0.51 (2024-05-28 12:53:27.210000)

updates: Updates on gold and silver price gains amid bullish outside markets and predictions of upward trend

Version 0.5 (2024-05-24 10:55:01.035000)

updates: Commerzbank considers price correction in metals 'justified'

Version 0.49 (2024-05-22 17:55:53.330000)

updates: Gold and silver prices experience sharp decline on profit taking and weak long liquidation

Version 0.48 (2024-05-22 12:53:48.468000)

updates: Gold and silver prices face modest pressure amid bearish outside markets

Version 0.47 (2024-05-22 04:53:32.148000)

updates: Silver's recent rise and potential to outperform gold

Version 0.46 (2024-05-21 08:53:43.268000)

updates: Silver prices surge due to investment and industrial demand

Version 0.45 (2024-05-20 16:55:33.449000)

updates: Silver has outperformed gold with a surge of over 25 percent this year

Version 0.44 (2024-05-17 12:55:55.202000)

updates: Updated information on gold and silver prices, stock market movements, and China's property sector

Version 0.43 (2024-05-17 12:53:47.693000)

updates: Gold prices are heading for a second weekly gain, with silver and platinum also up. Improved interest rate cut expectations and signs of slowing inflation are supporting gold, silver, and platinum. China's efforts to stabilize its property sector are boosting gold demand. Central banks are adjusting their buying behavior. Gold miners benefit from the price increase. Palladium is under pressure from electric vehicles. Dealers offer lower premiums in China and deeper discounts in India. China's Ministry of Finance plans to sell special sovereign bonds. TSX futures are subdued. Global stocks ease after hints of unchanged U.S. interest rates. Thirteen U.S. states scrap capital gains taxes on gold and silver. Michael Burry bets on Sprott Physical Gold Trust. Gold and silver gain following a cooler U.S. inflation report.

Version 0.42 (2024-05-16 15:53:39.330000)

updates: Gold prices pause after recent gains, silver modestly up

Version 0.41 (2024-05-16 12:55:26.770000)

updates: Gold prices slightly lower, silver modestly up

Version 0.4 (2024-05-13 16:51:58.598000)

updates: Gold prices decline due to profit-taking pressure

Version 0.4 (2024-05-13 16:51:58.598000)

updates: Gold prices decline due to profit-taking pressure

Version 0.39 (2024-05-13 12:53:53.449000)

updates: Gold prices decline as traders take profits

Version 0.38 (2024-05-12 13:54:30.574000)

updates: Gold and silver prices surged on renewed hopes of rate cuts

Version 0.37 (2024-05-10 23:54:33.431000)

updates: Gold prices surge as data signals slowing economy and likely rate cuts

Version 0.36 (2024-05-10 12:53:14.163000)

updates: Gold and silver prices rise on ideas of easing monetary policies

Version 0.35 (2024-05-10 05:56:25.688000)

updates: Gold prices rise on weak US labor data

Version 0.34 (2024-05-09 12:56:44.264000)

updates: Gold prices dip due to stronger US dollar and rising bond yields

Version 0.33 (2024-05-06 12:52:14.369000)

updates: Gold and silver prices rise amid improved risk appetite

Version 0.32 (2024-05-03 15:53:54.227000)

updates: Commodities rally on slip in US dollar value

Version 0.31 (2024-05-02 12:52:49.685000)

updates: Updated information on gold and silver prices after the FOMC meeting

Version 0.3 (2024-04-30 16:52:08.589000)

updates: Gold and silver prices drop amid a more hawkish FOMC stance

Version 0.29 (2024-04-30 14:51:53.139000)

updates: Inclusion of information about US consumer confidence dropping to 97

Version 0.28 (2024-04-30 12:53:40.706000)

updates: Integration of new information about gold prices dropping, gold consumption in India, and the upcoming Federal Reserve policy decision and non-farm payroll data

Version 0.27 (2024-04-30 10:54:01.630000)

updates: Gold prices analysis, US economic data, interest rates

Version 0.26 (2024-04-29 16:53:25.895000)

updates: Gold and silver prices are slightly higher in midday US trading on Monday. June gold was last up $2.90 at $2,350.10, while May silver was last up $0.028 at $27.82.

Version 0.25 (2024-04-29 16:52:13.688000)

updates: Gold prices fluctuate as investors focus on Fed meeting and US data

Version 0.24 (2024-04-29 01:56:01.991000)

updates: Gold steadied after a weekly drop as traders looked ahead to a US Federal Reserve meeting midweek at which policymakers are expected to reaffirm their stance for higher-for-longer interest rates.

Version 0.23 (2024-04-27 22:53:40.807000)

updates: Gold volatility has subsided as the risk of conflict between Israel and Iran reduces. Riskier assets like the S&P 500 and high-beta currencies rebounded as risk sentiment improved. The US Treasury will update on funding needs, which may affect bond issuance and gold. Gold may face the reality of the Fed funds rate remaining higher for longer as inflation beats expectations. Geopolitical tensions have de-escalated, and gold bulls may soon run out of momentum. Major risk events in the week ahead include the FOMC meeting, non-farm payroll data, and US ISM manufacturing data.

Version 0.22 (2024-04-27 06:51:28.161000)

updates: Gold prices end five-week winning streak as inflation concerns resurface

Version 0.21 (2024-04-26 13:55:34.546000)

updates: Gold prices climb as US GDP falls short of expectations

Version 0.2 (2024-04-26 11:54:59.430000)

updates: Updated information on gold prices, US economic outlook, and Federal Reserve's monetary policy

Version 0.2 (2024-04-26 11:54:59.430000)

updates: Updated information on gold prices, US economic outlook, and Federal Reserve's monetary policy

Version 0.19 (2024-04-26 11:53:57.926000)

updates: Gold price rises to $2,350 ahead of US core PCE Inflation

Version 0.18 (2024-04-26 08:53:46.486000)

updates: Gold prices hold steady despite reduced rate cut expectations

Version 0.17 (2024-04-25 16:53:12.931000)

updates: Gold prices react to mixed U.S. GDP data, showing signs of stagflation

Version 0.16 (2024-04-25 10:53:39.549000)

updates: Gold prices remain stable as traders await key economic releases

Version 0.15 (2024-04-24 11:52:07.751000)

updates: Gold prices remain stable as traders await key economic releases

Version 0.14 (2024-03-18 10:18:35.154000)

updates: Includes information about the upcoming Fed meeting and its impact on gold and the euro

Version 0.13 (2024-02-22 08:27:34.734000)

updates: Gold prices holding steady as traders analyze Fed meeting minutes

Version 0.12 (2024-02-19 10:20:07.320000)

updates: Gold prices remain resilient despite reduced rate cut expectations

Version 0.11 (2024-02-12 08:21:21.341000)

updates: The upcoming U.S. Consumer Price Index (CPI) report will be a significant driver for short-term market movements. A higher-than-expected CPI may reinforce the Fed's cautious stance on rate cuts, strengthening the dollar and potentially pressuring gold prices. Conversely, a lower CPI could fuel expectations for earlier rate cuts, weakening the dollar and bolstering gold. The CPI and Core CPI are forecasted to increase by 0.2% and 0.3% respectively. Fed officials, including Chairman Jerome Powell, have emphasized the need for more evidence of sustained inflation reduction before considering rate cuts. The forecast leans slightly bullish for gold, especially if CPI data indicates a steady decline in inflation, aligning with the Fed's objectives.

Version 0.1 (2024-02-09 16:18:31.796000)

updates: Gold price forecast, technical analysis, US inflation data

Version 0.09 (2024-02-08 02:14:18.372000)

updates: Inclusion of information about the Fed's expected monetary pivot and lack of clarity on timeline

Version 0.08 (2024-01-31 10:27:57.869000)

updates: Updates on the US Federal Reserve's monetary policy decision and rate cut expectations

Version 0.07 (2024-01-29 23:26:48.745000)

updates: Incorporated information about the Federal Reserve's upcoming meeting and potential impact on gold prices, stocks, and the US dollar

Version 0.06 (2024-01-18 10:42:14.008000)

updates: Gold prices struggling due to uncertainty over rate-cut bets

Version 0.05 (2023-12-18 04:06:30.902000)

updates: The Federal Reserve's early rate drop and its potential impacts on Bitcoin, gold, and the US dollar

Version 0.04 (2023-12-12 12:24:04.553000)

updates: Recession concerns spark debate between gold and Bitcoin

Version 0.03 (2023-12-05 10:50:10.560000)

updates: Gold prices retreat as demand for dollars increases

Version 0.02 (2023-12-04 17:37:44.057000)

updates: Gold price reaching a record high, investors betting on interest rate cuts, mention of the Israel-Gaza war, mention of Bitcoin surge and regulatory actions against FTX and Binance

Version 0.01 (2023-12-04 09:35:18.982000)

updates: Gold prices reach all-time high, driven by global economic concerns and geopolitical tensions

Version 0.0 (2023-12-04 08:36:46.052000)

updates: