After a modest pullback on Thursday, gold prices (XAUUSD) resumed their advance on Friday, rallying more than 2% to ~$1,965 and heading for their best week since November of last year, boosted by falling U.S. Treasury yields and stronger safe-haven demand. While sentiment seemed to be on the mend following news that 11 large U.S....Read More

WTI crude oil prices traded relatively flat over the past 24 hours in an overall volatile trading session. On the one hand, reports crossed the wires that First Republic Bank was poised to receive emergency aid to the tune of 30 billion from major lenders. But, because of cooling woes in the financial sector, Treasury...Read More

Crude oil sunk to a 3-month low overnight after headline US inflation hit forecasts, coming in at 6.0% year-on-year and 0.4% month-on-month. Monthly core CPI was a slight beat at 0.5% instead of the 0.4% anticipated but the annual number was in line at 5.5%. The market appears to have backtracked toward a 25 basis...Read More

WTI crude oil prices fell 2.55% on Monday as market volatility remained elevated in the fallout of last week’s collapse of Silicon Valley Bank. Since last Wednesday, the commodity is down about 3.3%. Sentiment-linked crude oil was and may continue to remain vulnerable in the coming days/weeks/months as traders assess the likelihood of the United...Read More

The US Dollar is under the pump to start the week as uncertainty from the fallout of the collapse of Silicon Valley Bank (SVB) permeates markets. Signature Bank also fell into receivership over the weekend, but the Federal Reserve and the US Treasury Department have moved swiftly to provide a backstop to minimise contagion. Nonetheless,...Read More

Immediately after the NFP report crossed the wires, the U.S. dollar, as measured by the DXY index, extended its decline, as Treasury yields deepened their session slump and expectations for the Fed’s terminal rate drifted lower. The reaction is a bit counterintuitive as employment growth remained extremely strong last month, but it is possible that...Read More

The Japanese yen fell sharply against the US dollar on Friday after the Bank of Japan left interest rates unchanged and maintained its current bond-yield curve control policy settings. In his last meeting as the BOJ Governor Haruhiko Kuroda left policy settings steady, in line with expectations, given the Japanese central bank adjusted the yield...Read More

Most Read: Precious Metals Lose Shine After Powell; What’s Next for Gold and Silver? U.S. stocks wavered and lacked directional conviction on Wednesday as traders continued to digest Federal Reserve Chair Jerome Powell’s hawkish comments during his semiannual testimony before Congress. When it was all said and done, the S&P 500 and Nasdaq 100 finished...Read More

Gold prices aimed cautiously lower on Monday. The anti-fiat yellow metal inversely tracked Treasury yields. The 2-year government bond rate rallied by 0.6%. XAU/USD can be quite sensitive to Treasuries, which are partly a reflection of monetary policy expectations. This is due to gold’s inherent lack of yield when holding the precious metal. When the...Read More

The Japanese Yen has found some strength from easing Treasury yields, and they might be the key for USD/JPY in the week ahead. Crucially, Federal Reserve Bank Chair Jerome Powell will be testifying in front of the Senate Banking Committee when he delivers his semi-annual Monetary Policy Report on Tuesday and Wednesday, US time. His...Read More