Gold supported over lacklustre economic data
SOFTER geopolitical overtones from a preliminary US-China trade deal and signs of progress in the EU-UK divorce deal has limited upside gains for safe haven assets.
Global trade optimism dents safe haven appeal
SIGNS of progress in US-China trade talks have led to an improvement in global risk appetites. Heightened market optimism for a temporary trade truce between the world's two largest economies dented safe haven appeal as investors pivoted towards interest-bearing assets.
Gold supported as global central banks adopt dovish stance
THE US Federal Reserve has lowered the target range for its key interest rates to 1.75-2 per cent (-25bps). The Federal Reserve Open Markets Committee (FOMC) members, though voting in favour of reduced US borrowing costs, have illustrated a fundamental divide over the need for future cuts.
Robust global risk appetites dent safe haven appeal
TRADE concessions between the world's two largest economies bolstered risk assets significantly as markets eased up on global trade uncertainties. The United States and China has sought to de-escalate tensions before high-level talks take place in the coming weeks.
Gold retreats over renewed global risk appetites
GOLD prices pared back early gains over an improvement in global risk sentiments. A resumption in high-level trade talks between the world's two largest economies (the US and China), along with softer geopolitical overtones (Hong Kong, Brexit), eased risk-off sentiments for the current term.
Gold eases bullish gains over US monetary policy uncertainties
HEIGHTENED market optimism on preparations for a fresh wave of economic stimulus by global central banks raised risk appetites for the current term. Growing dissent on further monetary policy easing between Fed policymakers bolstered greenback strength whilst placing a damper on gold prices.
Global recessionary fears boost safe-haven appeal
The US 2-year to 10-year yield spread has inverted for the first time since 2007. A US yield curve inversion has preceded economic recessions historically whilst signalling a higher risk-environment in the immediate term.
Gold breaks US$1,500 over growing economic headwinds
GOLD prices broke new ground (2019 highs) as safe haven flows surged over rising economic uncertainties. The United States has branded China as a currency manipulator after the People's Bank of China (PBOC) fixed the official midpoint reference for the Yuan above 7.00 per dollar.
Gold soars as US-China trade tensions rattle markets
THE US Federal Reserve lowered borrowing costs by a quarter point to the target range of 2 to 2.25 per cent.
Gold loses some shine as investors await FOMC meeting
THE precious metal eased off previously held gains amid strong US jobs data and profit-booking activities before the next Federal Open Market Committee meeting (July 30-31).
Gold strengthens over dovish testimony by Fed chief
DOVISH signals from US Federal Reserve chairman Jerome Powell bolstered bullion appeal as traders maintain bets for a quarter-basis point cut at the next Federal Open Market Committee (FOMC) meeting (July 30-31).
Gold maintains bullish edge on global growth worries
GROWING signs of weakness in the global economy along with US protectionist trade policies have raised bullion's appeal substantially for the current term.
Gold notches 5-year highs over dovish signals by Fed policymakers
THE US Federal Reserve has signalled a strong dovish pivot on monetary policy guidance as Federal Open Market Committee officials noted lacklustre inflation and subdued economic momentum.
Gold shines bright as geopolitical risks threaten global growth
HEIGHTENED geopolitical tensions have elevated safe haven appeal as risk sentiments stay measured over growing downside risks. US President Donald Trump has threatened to enact additional levies on Chinese imports should President Xi baulk when it comes to a meeting at the G-20 summit.
Gold clocks 4-month high over rate-cut expectations
GLOBAL growth prospects have turned increasingly dim as US President Donald Trump escalates trade protectionist policies on multiple fronts. Risk assets have unravelled from 2019 highs as investors contemplate subdued global economic momentum in the coming term (H2 2019).
Risk-off appetites bolster safe haven assets
GOLD prices notched a two-week high as risk sentiments diminished over global growth concerns. President Donald Trump has vowed to impose trade tariffs on Mexican imports in response to US-Mexico migration issues. The latest salvo by the Trump administration weakened risk appetites as investors...
Gold rebounds over deepening US-China trade rift
BILATERAL ties between the United States and China have taken a turn for the worse, as Washington imposed trade restrictions on Huawei Technologies Co last week. The Trump administration's latest move has aggravated existing tensions with Beijing as both parties remain embroiled in tit-for-tat...
Gold whipsaws over strong recovery in risk assets
AN ESCALATION in the Sino-US trade dispute kept safe haven demand firm early week as Beijing hit back with US$60 billion worth of tariffs on the United States.
Sino-US trade tensions lift safe haven demand
GLOBAL stock markets slumped as risk appetites diminished over setbacks in US-China trade negotiations. President Donald Trump has vowed to impose additional tariffs on Chinese products as Beijing reneged on previously held commitments. The United States has announced US$200 billion worth of...
Gold falls as Fed policymakers dim outlook on rate cuts
US FOMC officials voted unanimously to keep interest rates steady at the two-day meeting (Apr 30-May 1) this week. The US central bank withstood political pressure from the Trump administration and downplayed potential rate cuts in 2019. The Fed has cited strong US economic activities (Q1 GDP: 3...
Near-term bearish, long-term bullish
ROBUST risk appetites have imposed heavy downward pressure on the precious metal since Feb 19. Dovish signals from US Fed policy makers along with Chinese economic stimulus bolstered global equities as investors anticipate rosy economic conditions.
Gold prices slump over positive global cues
THE precious metal succumbed to strong bearish pressures amidst robust risk sentiments for the current term.
Gold whipsaws over robust US economic data
GOLD prices exhibited topsy-turvy trading conditions amid shifting market expectations on bullion appeal this week. Risk appetites diminished early week as the IMF slashed global growth forecasts downwards for the third consecutive time in six months.
Gold prices suffer headwinds as global risk sentiment strengthens
AN UPTURN in global manufacturing PMIs (on March 19) along with signs of progress in Sino-US trade talks have bolstered risk appetite as Q2 2019 kicks off with a positive note. A sharp rebound in Chinese factory activities propped Asian stocks close to a eight-month high as investors moved in...