This Gold Rally Has Recent History on Its Side – 23 March, 2017

Gold has staged an impressive rebound since the Federal Reserve raised interest rates last week and reiterated that the pace of increases will accelerate. But is a rally logical? Some would argue that higher rates portend faster inflation and that gold is a good hedge against inflation, thus validating a long gold position. On the…
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Dollar Struggles to Rise Amid Uncertain Fate of Health-Care Bill – 23 March, 2017

The dollar swung between gains and losses as investors monitored the prospects of the Republican health-care reform bill. The day’s modest foreign-exchange trading flows were mostly driven by fast-money accounts, traders said, with the busiest price action in the yen and the British pound. The dollar gained most against its Australian counterpart, which struggled to…
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Asia Stocks Follow U.S. Selloff While Yen Gains: Markets Wrap – 21 March, 2017

Equities tumbled across Asia after the S&P 500 Index fell the most since Donald Trump’s election, as reflation trades faltered amid uncertainty over prospects for the U.S. president’s policies. The yen strengthened as investors moved toward haven assets. The MSCI Asia Pacific Index dropped the most since December, with financial and commodity shares leading the selloff. Benchmark…
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Gold is marooned between U.S. rates and India demand – 21 March, 2017

It's not unusual for a financial market to be pulled in different directions simultaneously by competing influences, but what is notable for gold currently is the apparent inability of the contradictory factors to gain momentum. History and logic suggest that when the United States starts a monetary tightening cycle, gold will underperform, since as a…
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