Gold higher as Dollar weakens

Chris Beauchamp IG

The dollar's leg lower has provided gold with the fuel for another rally, says Chris Beauchamp, Chief Market Analyst at online trading platform IG.

Stocks drift ahead of big-name earnings

Tuesday has continued in a similar vein to Monday, with markets mostly treading water ahead of Tesla and Alphabet earnings, which promise to inject some volatility into the situation. Even the hints of fresh trade deals are not able to provide much excitement – investors would rather wait to see how things transpire after 1 August, and with markets at or near record highs in a number of cases the short-term risks at least appear skewed to the downside.

Gold hits four-week high

A renewed drop for the dollar is upon us once again, giving room for gold to leap higher. Tariff fears are never far below the surface, and gold remains one of the key ways to play this scenario. Early August may finally see gold hold on to $3500, after weeks of sideways trading.

Author

Chris Beauchamp

EUR/USD: US Dollar to remain pressured until uncertainty fog dissipates

Unimpressive European Central Bank left monetary policy unchanged for the fifth consecutive meeting. The United States first-tier employment and inflation data is scheduled for the second week of February. EUR/USD battles to remain afloat above 1.1800, sellers moving to the sidelines.

GBP/USD softens to near 1.3600 as BoE hints further rate cuts

The GBP/USD pair loses ground to near 1.3610 during the early Asian session on Monday. The Pound Sterling softens against the Greenback amid growing expectations of the Bank of England’s interest-rate cut. Traders will take more cues from the Fedspeak later on Monday.

Gold holds gains near $5,000 as China's gold buying drives demand

Gold price clings to the latest uptick near $5,000 in Asian trading on Monday. The precious metal holds its recovery amid a weaker US Dollar and rising demand from the Chinese central bank. The delayed release of the US employment report for January will be in the spotlight later this week.

Bitcoin Weekly Forecast: The worst may be behind us

Bitcoin price recovers slightly, trading at $65,000 at the time of writing on Friday, after reaching a low of $60,000 during the early Asian trading session. The Crypto King remained under pressure so far this week, posting three consecutive weeks of losses exceeding 30%.

Weekly column: Saturn-Neptune and the end of the Dollar’s 15-year bull cycle

Tariffs are not only inflationary for a nation but also risk undermining the trust and credibility that go hand in hand with the responsibility of being the leading nation in the free world and controlling the world’s reserve currency.

XRP rally extends as modest ETF inflows support recovery

Ripple is accelerating its recovery, trading above $1.36 at the time of writing on Friday, as investors adjust their positions following a turbulent week in the broader crypto market. The remittance token is up over 21% from its intraday low of $1.12.