Babbitt

The FOMC Minutes for the December 17-18 meeting had positive takeaways for the USD, DBS’ Senior FX Strategist Philip Wee notes. Fed’s cautious stance is USD negative“Fed officials cited two primary reasons for caution in lowering rates in 2025. First, the monetary policy stance has become significan

Gold prices rose significantly in 2024, marking the best annual performance since 2010. A breakout above $2,720-$2,790 could lead to record highs. Geopolitical tensions and economic recovery support gold’s uptrend. Gold prices continue to increase and build on an impressive 27% gain in 2024. This ma

Gold Gold remains in quite an erratic sideways channel. We beat the 14 day high at 2638/39. We wrote: ''A break above 2641 this week could trigger some buying pressure targeting 2650/51. If Gold continues higher look for 2658/59, perhaps as far as minor resistance at 2663/65.'' We are closing in on