Precious Metals Start a Rally After Soft US CPI Data – TDS

Precious metals rally started after below expected US inflation data hit the market. Asian demand for Gold (XAU/USD) and Silver (XAG/USD) goes up, TDS senior commodity strategist Ryan McKay notes.

FXStreetJul 11 11:31 ET

Tracking Hong Kong stock concepts | The Fed does not need to wait for inflation to fall below 2% before lowering interest rates. Gold prices will have further drivers in the future. (Attached concept stocks)

Continuing to stay ahead of the expected rate cut by the Federal Reserve, industry insiders say that the adjustment in gold prices may provide a good buying opportunity.

Zhitong FinanceJul 10 20:52 ET

Gold prices fell after investors took profit, ING said the gold rally will continue until the end of the year.

USA gold futures fell sharply on Monday as investors took profits. Last week, the price of gold rose sharply on expectations that the Federal Reserve might lower interest rates in September.

Zhitong FinanceJul 8 20:15 ET

Precious Metals Continue to Grow – TDS

Precious metals continued to perform well in a holiday-shortened week, TD Securities Senior Commodity Strategist Ryan McKay notes.

FXStreetJul 8 10:46 ET

Silver Price Analysis: Silver Probably Rising in C Leg of Measured Move

Silver (XAG/USD) has decisively broken out of the descending channel it was in during the second half of May and June.

FXStreetJul 8 08:10 ET

Huaxi Securities: Gold is currently in a long upward cycle and if the price falls in the future, it is expected to drive central banks around the world to purchase gold again.

According to a strategy research report from Huaxi Securities, in the long term, gold is in a large upward cycle. Firstly, in recent years, the scale of US debt has been expanding at an accelerated pace, and the pressure of interest payment continues to rise. After the conflict between Russia and Ukraine, the United States imposed financial sanctions on Russia, which has impacted the credibility of the US dollar. Due to concerns about the risk of US dollar credit and US dollar assets, central banks worldwide continue to increase their gold reserves.

Zhitong FinanceJul 7 06:33 ET