On Monday (August 17), gold extended its gains. Silver, the euro, and U.S. crude oil also traded stronger, while the Dow Jones Industrial Average underperformed. On the fundamental front, expectations for further Federal Reserve rate hikes continued to ease. The U.S. Dollar Index slipped 0.07%. U.S. crude oil surged 2.91% (4.1% intraday range), silver climbed 1.68% (3.0% range), gold edged…

On Friday (August 14), U.S. retail sales came in well below expectations, allowing gold to extend its gains. Silver, the euro, and U.S. crude oil also moved higher, while the Dow Jones Industrial Average came under pressure. A weaker U.S. dollar provided additional support for commodities. Today, market attention turns to Japan’s quarterly GDP growth, followed by Japan’s GDP Price…

On Thursday (August 13), the Nasdaq rose 1.35%, the S&P 500 edged up 0.75%, the Pound fell slightly by 0.06%, Gold dropped 1.33%, and US Crude Oil slid 1.73%. Following the release of the US Producer Price Index (PPI) monthly rate, price action across assets diverged: Gold moved lower, the Nasdaq and S&P 500 showed strength, while the Pound and…

Market Theme  Major assets diverged, with no single theme in charge. On the data front, JPY BoJ L Money Stock y/y printed 4.4%, below forecasts.  The dollar index was little changed; gold rose modestly 0.69%; U.S. indices mixed (the Nasdaq 100 bounced 0.96%); in Europe the DAX showed no meaningful move, the FTSE 100 traded flat; in Asia-Pacific the Hang…

Market Theme Major assets diverged, with no single theme in charge. On the data front, USD Existing Home Sales printed 4.06M, above forecasts. The dollar index was little changed; gold nudged up 0.20%; U.S. indices broadly lower (the Nasdaq 100 edged lower 0.42%); in Europe the DAX crept higher 0.22%, the FTSE 100 slipped modestly 0.36%; in Asia-Pacific the Hang…