Precious Metals Market News
Nothing changes for gold, stocks as yields resume higher
Bearish trend persist for indices and metals as investors watch yields continue to rise following a flurry of central bank action this week.
Gold wrap: Spot gold breaks key level (yet gold futures hesitate)
Spot gold prices crashed through the 2021 low and the backdrop assumes it could move lower still. Yet over the near-term we’ll watch gold futures for directional clues.
Silver outshines gold as dollar slips
Compared to gold, silver has managed to rise very strongly on the session, up more than 5% so far.
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Is the South African Rand pointing to a new low in Gold?
The South African Rand and Gold have a strong positive correlation. Therefore, when one of these assets moves in one direction, the other asset is likely to follow in the same direction.
Gold bears eyes break of $1700 as dollar and yields surge
precious metal looks heavy amid aggressive rate hike expectations
Gold and the trap door Part III
Gold has spent the past two- and a-bit years trading in a wide range between $1670 and $2070.
Risk of higher rate hikes send Gold lower; XAU/USD
If the Fed does hike rates and is hawkish at its next meeting, will Gold finally break through 1670, which it has tested numerous times?
Growth concerns return to the forefront
Crude leads commodities slump on weak Chinese data and US Empire Manufacturing Index plunges into negative
Gold dips despite softening signs of inflation
Perhaps a bit of basing and consolidation is needed for the metal to gear up for a clean breakout above $1800.
Gold attempts breakout as yields dip
Investors appear convinced the Fed will slow down rate hikes despite officials indicating otherwise.
Gold looking to extend rally as yields and dollar retreat
Will we see precious metals make further ground this week?
Gold holds post-FOMC bounce ahead of GDP
Expectations that inflation will soon peak and that the economy will deteriorate further points to a contractionary monetary policy stance from the Fed in 2023
Silver: Can precious metals rebound despite Fed tightening?
We are seeing some mild dollar selling ahead of FOMC, which is boosting the appeal of precious metals, yen and franc
Bond markets signal end of aggressive tightening near
Gold and silver stand ready for a potential comeback…
Has gold finally found a floor?
We warned of potential support in yesterday’s gold wrap report, and price action since appears promising that a swing low is in the making – at least over the near-term.
Will gold stage a recovery from $1700 key support?
Gold bulls were hoping to see an end to the 5-week losing streak
Gold rises, dollar slumps despite hot CPI
Hot CPI readings may hurt the economy so badly that the Fed may start cutting rates again in as early as Q1
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Two trades to watch: Gold, USD/CAD
Gold remain below 1750 ahead of the NFP. USDCAD rises above 1.30 with US & Canadian jobs data in focus.
Recession Trade Keeps Risk Assets Under Pressure
Fears over a recession continues to drive financial markets, with commodities feeling the heat
Two trades to watch: EUR/USD, Gold
EUR/USD falls ahead of German inflation data, central bank speak. Gold looks to Fed Powell & Co at the ECB forum.
Gold: What does Russian gold exports ban mean for metal, miners?
Russia might be the world’s second-biggest bullion miner, there are plenty of countries that could step in to meet any shortfall in physical gold supply.
Two trades to watch: Gold, EUR/USD
Gold falls ahead of Powell. EUR/USD falls towards 1.05 ahead of EZ inflation.
Gold holds above the 200 DMA at the start of the NFP week
Gold rose 0.4% last week, marking the second straight week of gains. The