08 January 2022Latest figures out of China's Shanghai Gold Exchange suggest that 2021 gold demand in that nation was the highest for three years. Taken together with strong demand in India too, the figiures are a definite positive for a continuing rise in global gold consumpgtion.
06 January 2022The release of the FOMC minutes from the December meeting had a decidedly negative impact on precious metals prices in late U.S. trade on Wednesday and in Europe this morning. However there are other forces at play which might lead to the Fed's policy being less hawkish than predicted.
04 January 2022The first trading days of 2022 saw a big dip in precious metals prices after their decidedly positive performance in light trade between Christmas and the New Year. Is this downturn likely to persist? We look at the factors currently in play.
02 January 2022The last couple of trading days in 2021 saw a significan leg uo in precious metals prices, but in thin trading levels. It thus remains to be seen whether precious metals price strngth will continue at the start of the New Year.
31 December 2021After an abject failure in my precious metals price predictions for 2021, made just over a year ago, I will attempt to do better this year with forecast prices for end-2022. In general we see precious metals prices rising, apart from palladium, but we are certanly not predicting some of the huge gold and silver price advances seen by some!
28 December 2021Precious metals all seem to have started the post-Christmas break period by moving into positive territory. With demand looking higher in China and India, easily the world's two largest consuming nations, the portents for a continuing rise in gold, silver and platinum prices for the year ahead look promising.
25 December 2021There was some Christmas cheer for precios metals investors after a difficul few weeks, but precious metals were all higher come the pre-Christmas close. Whether the better prices will continue remains to be seen, but we do see some positivity ahead.
21 December 2021The Russian 100,000 ounce addition to its gold reserves in October was reversed in November with a similarly sized withdrawal. Meanwhile it could be surreptitiously building its gold reserves through additions into it National Wealth Fund.
14 December 2021The recent votolatility in Bitcoin, which has even seen BTC - the most traded cryptocurrency - fall by around 30% at one time and smaller cryptos like Dogecoin over 70% below its peak, demonstrate that cryptocuurencies are not reliable wealth preservers and waverers will likely return to gold as the ultimate safe haven as it has been from time immemorial
11 December 2021With the latest CPI figure suggesting a 6.8% annual inflation rise - the highest for around 40 years - the Fed will be under pressure to implement interest rate rises more aggressively at the FOMC meeting in a few days' time. This could prove to be negative for precious metals should this be the case.
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