Gold prices are gaining more than 1.2% today and breaking above the $1,800 barrier on the back of another lifting of Covid restrictions in China. The decision of the Chinese authorities, although debatable on the one hand in the face of rumors of a huge surge in disease in the country put pressure on the US dollar, which is losing dynamically. All this is combined with growing expectations for a dovish turn in FOMC policy.
CFTC data show increasing long exposure to gold contracts. Source: Bloomberg
Gold quotes and the U.S. dollar index have been inversely correlated in recent months. Source: xStation 5
Oil Prices Fall Following Trump's Comments⬇️ Will Tehran Allow the U.S. to Take Control of the Strait of Hormuz?🚢
🏯Chart of the Day: The end of the idyll in Japan? JP225 loses over 2%.
Morning Wrap: Oil Brent surpasses 91 USD (18.08.2026)
Daily Summary: The dollar in retreat, even as tensions in the Middle East escalate 🚨