Kabuki Takaaki "Weekly Gold Market Outlook" December 5, 2022 issue

Tamaki Takashi, the President and CEO of Kabushiki Kaisha Investment Daily, and a master of cycle analysis, writes a weekly report on gold price outlook.

-----------------------------------------------------------------------------------

Last week's NY gold market (near month) continued to rise, closing at 1,809.6 dollars, up 55.6 dollars from the previous week, and rising above 1,800 dollars for the first time in four months. In particular, on the 30th, Fed Chair Jerome Powell gave a speech in Washington, saying, “As the effects of the rapid tightening of monetary policy implemented so far have not yet permeated the economy, it would be appropriate to consider a smaller rate hike at the next meeting in December if feasible.” Following this, U.S. long-term interest rates fell and dollar selling dominated. The 10-year yield fell below 3.5% to levels not seen since September, and the dollar index hit its lowest in about six months, dipping below 105.

However, the employment report released the next day did not indicate economic slowdown; non-farm payrolls rose by 263,000 (vs. a market expectation of 200,000), and the average hourly earnings rose by 5.1% year over year (0.6% month over month), both well above market expectations.

For more, please refer to the PDF file.

【Takashi Tamaki — Profile】

Graduated from Kwansei Gakuin University, Faculty of Economics. In 1995 he partnered with the world-renowned U.S. market analyst Raymond Merill (RAYMOND MERIMAN) to publish Japan’s first market cycle and astrology reports. He is renowned for his cycle and astrology-based market analysis. President of Investment Daily Co., Ltd., President of Investment Daily Publishing Co., Ltd., Director of Wakabayashi FX Associates, Member of the Japan Technical Analysts Association, Editor-in-Chief of Investment Daily α.

＊ Final investment decisions should be made at your own responsibility.

＊ Unauthorized copying or distribution of this report is a breach of contract. If such breaches are discovered, legal action may be taken, and distribution may be terminated even within your subscription period. We appreciate your understanding and cooperation.

＊ This report does not guarantee the accuracy of future outlooks or profitability. Traders and readers should trade at their own risk. Neither the author nor the publisher bears responsibility for the decisions of any market participants. Regardless of the asset, spot, futures, or options trading is considered high risk.