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Friday’s inflation report has investors bracing for volatility

October J, 2022

Friday’s inflation report has investors bracing for volatility Today at 8:30 EDT, the BLS (Bureau of Labor Statistics) will release the latest inflation report vis-à-vis the PCE index for September 2022. This will be the most recent data that the Federal Reserve will have on inflation and therefore be a key component to their sealing the fate of the size of the next rate hike at next week’s FOMC meeting. According to the CME’s FedWatch tool, there is an 88…

Gold holds above key support and the tug-of-war continues

June J, 2022

Market Hive

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Gold holds above key support, and the tug-of-war continues Whether you describe the underlying cause of recent changes in financial assets as a tug-of-war, double-edged sword, or battle of opposing forces, inflation versus rising rates continues to cause market sentiment to oscillate. Depending on if inflation or rates are the primary focal points of market participants. That sentiment results in bullish or bearish currents for gold and the dollar as safe-haven assets. Today, gold traded to a high of $1850.30…

Is the long-term upside move in gold over?

March J, 2022

Market Hive

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Is the long-term upside move in gold over? Today was an absolute game-changer. Given that the recent ascent in gold to just under the record high of $2088 was absolutely news and headline-driven, changes in those headlines will have a dramatic and profound impact on the direction and price gains or losses in gold. The President of Ukraine, Volodymyr Zelensky, said he is open to a compromise with Russia. That single statement had a profound impact on multiple asset classes.…