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Top related persons:
Daniel Ghali - 4 Jim Wyckoff - 1 Alexander Manzyuk - 1 Austan Goolsbee - 1 Commerzbank - 1 Ashitha Shivaprasad - 1 Emelia Sithole - 1 Shilpi Majumdar - 1
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Search resuls for: "Daniel Ghali"


7 mentions found


☆ TD Securities says its time to take profits on gold
  + stars: | 2024-03-08 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTD Securities says its time to take profits on goldDaniel Ghali, TD Securities senior commodity strategist, joins 'Fast Money' to discuss its latest call to take profits in gold as the commodity hits record highs.
Persons: Daniel Ghali Organizations: Securities, TD Securities
☆ Gold drops below $2,000 as dollar gains, US yields pare losses
  + stars: | 2023-11-22 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices fell below the key $2,000 per ounce level on Wednesday as the U.S. dollar rebounded from lows and Treasury yields pared losses, while expectations that the Federal Reserve will pause rate hikes limited the slide in bullion. Lower interest rates typically boost gold prices as they reduce the opportunity cost of holding non-yielding assets. "The increase in the markets expectations for Fed cutting cycle to commence earlier in 2024 has been the prime force driving gold prices higher over the last week," said Daniel Ghali, commodity strategist at TD Securities. Fed officials agreed at their last policy meeting that they would proceed "carefully" and only raise interest rates if progress in controlling inflation faltered, minutes of the Oct. 31-Nov. 1 gathering showed. In other metals, spot silver fell 0.4% to $23.66 per ounce.
Persons: Jim Wyckoff, Daniel Ghali Organizations: Novosibirsk Refining Plant, U.S, Federal, Kitco Metals, Treasury, Reserve, TD Securities, Fed Locations: Novosibirsk, Russia, U.S
☆ Gold advances as yields, dollar slip after US inflation data
  + stars: | 2023-11-14 | by ( Ashitha Shivaprasad Anushree Ashish Mukherjee | Ashitha Shivaprasad | Anushree Ashish Mukherjee | ) www.reuters.com   time to read: +2 min
REUTERS/Alexander Manzyuk Acquire Licensing RightsSummaryCompanies US consumer prices unchanged in OctoberU.S. dollar eyes worst session in a yearSilver, palladium gain more than 3%Nov 14 (Reuters) - Gold prices gained 1% on Tuesday as the dollar and Treasury yields retreated after softer-than-expected U.S. consumer inflation data fuelled bets that the Federal Reserve may be done hiking interest rates. U.S. consumer prices were unchanged in October and underlying inflation showed signs of slowing. We are expecting a significant deterioration in the data over the course of the fourth quarter, which should weaken dollar and support gold," said Daniel Ghali, commodity strategist at TD Securities. "Over the next six months, we're looking at gold prices to rally towards $2,100 per ounce." Reuters GraphicsBoosting bullion's appeal, the dollar index (.DXY) fell 1.4%, its biggest daily decline in one year, while benchmark 10-year Treasury yields eyed their worst day in eight months after the inflation data.
Persons: Alexander Manzyuk, Austan Goolsbee, Daniel Ghali, Commerzbank, Ashitha Shivaprasad, Emelia Sithole, Shilpi Majumdar Organizations: REUTERS, Companies, Treasury, Federal, Chicago Fed, TD Securities, Reuters, Thomson Locations: Novosibirsk, Siberian, Russia, U.S, Bengaluru
☆ Gold slips as dollar advances with US debt talks dragging on
  + stars: | 2023-05-24 | by ( ) www.cnbc.com   time to read: +2 min
Gold slipped as the dollar firmed, cutting some safe- haven flows into bullion from the looming risk of a U.S. debt default as talks entered a critical stretch. "Overwhelmingly, the debt ceiling headlines are at play.... Gold gained in the previous session "despite headwinds from a rising broad dollar, which reveals notable demand behind the scenes." Wall Street's main indexes opened lower as the debt ceiling impasse kept investors on edge. If regional U.S. banking troubles were to subside and agreement reached over the debt ceiling, gold could fall further, said Edward Gardner, commodities economist at Capital Economics.
Persons: Gold, Joe Biden, Kevin McCarthy, Daniel Ghali, TD Securities . Gold, Edward Gardner, Bullion Organizations: Democratic, TD Securities ., Capital Economics Locations: Moscow, U.S
☆ Gold flirts with all-time highs as banking concerns deepen
  + stars: | 2023-05-04 | by ( ) www.cnbc.com   time to read: +2 min
Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. REUTERS/Alexander ManzyukGold made another run toward record highs on Thursday as U.S. banking concerns accelerated a flight to the safe-haven asset and sustained its stellar rally driven by bets for a pause in U.S. rate hikes. Spot gold was up 0.3% at $2,045.79 per ounce after climbing earlier to $2,072.19, shy of a record high of $2,072.49. The Fed Funds target rate stands in the 5%-5.25% range, with markets expecting rate cuts in the second half of the year. In physical markets, lofty prices have tarnished gold demand in top Asian retail hubs.
☆ Gold retreats to weekly loss on hawkish Fed
  + stars: | 2023-04-21 | by ( ) www.cnbc.com   time to read: +2 min
Gold fell sharply on Friday and was headed for its worst week in eight as hawkish remarks by U.S. Federal Reserve officials through the week bolstered bets for at least one more interest rate hike and buoyed the dollar. Spot gold dropped 1.4% to $1,976.27 per ounce by 12:18 p.m. U.S. gold futures fell 1.5% to $1,987.10. Bullion has shed about 1.2% so far this week, pressured by the dollar's gains overall, which made bullion more expensive for overseas buyers. Markets now see an 89% chance of a 25-basis point rate hike at the Fed's May 2-3 meeting.
☆ Gold eases as dollar ticks up, but set for fifth weekly rise
  + stars: | 2023-01-20 | by ( ) www.cnbc.com   time to read: +1 min
Meat bans, soaring gold prices and Britain voting to 'un–Brexit' could be on the cards for 2023, according to Saxo's Outrageous Predictions. Gold prices edged lower on Friday as the dollar firmed, although hopes of slower rate hikes from the U.S. Federal Reserve kept bullion on track for its fifth straight weekly gain. "The U.S. dollar is finding some form of stability and in turn we could see gold prices heading lower into next week," said Daniel Ghali, commodity strategist at TD Securities. Gold tends to gain when rate hike expectations recede because lower rates reduce the opportunity cost of holding non-yielding bullion. While there here has been an accumulation of gold by various central banks and agencies, gold ETFs held by individuals have been decreasing.
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