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Gold price on the first day of the new week: Will gold increase?

Gold/U.S. Dollar FX:XAUUSD

Captain-Trading

Gold prices showed a morning increase, with spot gold rising by $1.3 to $1,911.4 per ounce compared to last week's closing level.

After reports of inflationary pressures, gold experienced its second largest weekly decline, falling about 1%. Mixed sentiment around interest rates is keeping the precious metal in a neutral range.

The US retail sales for July and the minutes from the Fed's latest meeting will be key factors influencing gold prices this week. These reports will shed light on consumer behavior and the Fed's outlook on the economy.

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ASX Top 10 Momentum Stocks: 14 August 2023 - Finer Market Points

WILDCAT RESOURCES LIMITED ASX:WC8

ch886

AW1 WC8 LDX MRL CCX 3DA TNC CPV IR1 LLI

Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list.

The Launch Pad List is published weekly through our Friday video on our YT channel.

Today's ASX's Top 10 Quarterly Momentum Stocks are:

Americanwestmetals (AW1): American West Metals Limited is a copper-focused miner in North America. They have the Storm Copper Project in Nunavut, Canada, and the zinc-copper-indium deposit at West Desert and Copper Warrior Project in Utah, USA.

Wildcat Resources (WC8): Wildcat Resources is a WA and NSW gold explorer with exposure to lithium, caesium, tantalum, nickel, and copper as well.

Lumos Diagnostics (LDX): Lumos Diagnostics engages in the development and manufacture of point-of-care (POC) diagnostics solutions to help healthcare professionals more accurately diagnose and manage medical conditions.

Mayur Resources Ltd (MRL): Mayur Resources Ltd is an ASX-listed company focused on nation-building projects in PNG. Their work includes cement, lime, iron, and industrial sands, with a flagship project in nature-based carbon offsets for lime and cement, as well as geothermal projects.

City Chic Collective (CCX): City Chic Collective Ltd. engages in the retailing of women's clothing in Australia, New Zealand, South Africa, and the U.S. through various brands.

3DA (3DA): 3DA provides cloud-based data processing services with a focus on its 3D geospatial data technology.

True North Copper (TNC): TNC is a copper and cobalt focused mining explorer in Queensland, Cloncurry and Mt Oxide.

Clearvue Technologie (CPV): Clearvue Technologies creates photovoltaic and nano-technology to produce clear glass that generates electricity, allowing the natural light to pass through unaltered.

Irismetals (IR1): Iris Metals Limited is a hard rock Lithium miner in South Dakota, USA, as well as gold, nickel, and lithium in Western Australia.

Loyal Lithium Ltd (LLI): Loyal Lithium Ltd is a battery metals miner with a controlling stake in the Hidden Lake Lithium Project in Yellowknife, Northern Territories of Canada, through a joint venture with Patriot Battery Metals, also listed on the ASX.

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Potential upside for the yellow metal

GOLD (US$/OZ) TVC:GOLD

Shinobi_Pips

World gold price this morning tended to increase with spot gold increasing by 1.3 USD compared to last week's closing level to 1,914.4 USD/ounce.

Last week, gold saw its second biggest weekly loss in a row as it fell about 1% for the week after US consumer price index (CPI) and producer price index (PPI) reports showed inflationary pressures. broadcast is still there. The precious metal has been confined to the neutral range by mixed sentiment around whether interest rates have peaked or more rate hikes remain.

The latest gold price survey shows that investors expect gold prices to achieve solid gains in the week ending August 18. Meanwhile, market analysts remain cautious as they wait for clear information from economic indicators and technical trends.

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Gold price today: World gold has not stopped falling deeply

GOLD (US$/OZ) TVC:GOLD

HL-TradingFX

Gold prices on the global market continue to drop this morning, as capital flows from gold to other investments. The precious metal shows no signs of stopping its decline.

The US economy seems to be heading towards a "soft landing" with the lowest unemployment rate in 54 years and a continuing fall in the consumer price index (CPI). Experts predict that the Federal Reserve will maintain high interest rates until Q1 2024 before gradually reducing them to support economic recovery.

Investors are withdrawing from gold and shifting their investments to profitable assets like bonds and stocks due to news of possible interest rate slowdowns. The yield on 10-year US government bonds has been steadily increasing since last week.

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