Kamiki Takaaki "Weekly Gold Market Outlook" January 23, 2023 issue

Takaki Kabumiki, the President and CEO of Stock Investment Daily, and a master of cycle analysis, writes a weekly report on Gold Market Outlook.

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Last week, spot gold in New York rose to $1,935, hitting its highest level since April last year, a nine-month high. On a weekly basis, it rose for five consecutive weeks as expectations grew that the Federal Reserve would slow the pace of rate hikes.

U.S. 10-year Treasury yields rose at the end of the week but generally trended downward, briefly dipping below 3.4% to the lowest level since September of last year. This has been a tailwind for gold. The 10-year yield topped out on October 21 last year, and gold bottomed around the same period, forming a triple bottom (September 28, October 21, November 3).

Moreover, the dollar’s peak to date coincides with September 28 of last year and the above time frame.

In other words, there is consistency among falling U.S. interest rates, a declining dollar, and rising gold.

Please refer to the PDF file for the continuation.

[Takaki Kabuki Profile]

Graduated from Kwansei Gakuin University, Faculty of Economics. In 1995, partnered with the world-renowned U.S. market analyst Raymond Meriman to publish the domestic first market cycle and astrology report. He is well known for his cycle and astrology-based market analysis. President and CEO of Stock Investment Daily, and 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 Alpha.

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