TAG Market Pulse

Gold Shines Ahead of FOMC

Gold is trading above the $1,200 price level at the start of the FOMC meeting in Washington. The U.S. Federal Reserve is highly anticipated to announce a 25 basis points rate lift on Wednesday. The move has already been priced in, but gold traders will be on the look out for insights on the economic…

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Commodities Weekly: Palladium up for seventh session as bullish bets rise

Precious metals PALLADIUM continues to be preferred by speculative investors, with net long positions reaching their highest since July 10. The commodity is enjoying a strong bullish streak, rising for seven straight sessions and posting gains of 8.5% in that period. Palladium touched 1,065.19 this morning, its highest level since February, and is now at…

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Headline overload

US Markets Another case of headline overload overnight. US markets closed lower overnight due to some factors including, trade war phase 2, more political turmoil ahead of US midterm after reports surface ahead Attorney General Rod Rosenstein was resigning from his post and of course equity investors taking bets off the table ahead of any…

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Dollar firmer amid trade talk trouble

Dollar rises as China cancels trade talks The US dollar was marginally higher on a holiday-thinned Asia Monday morning, reacting to weekend news that China had cancelled plans to visit Washington this week for trade talks. Remember the next set of US tariffs on $200 billion of China goods has just kicked in at 12am…

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