20 November 2022Gold and silver both slipped back from earlier strong gains towards the end of the past week, despite a fall in the dollar index. There was a distinctly bearish forecast for precious metals going forwards from Metals Focus for 2023, but the consultancy still reckoned gold at least would continue to play a role in investment portfolios as other asset classes would perform even worse.
14 November 2022Friday's trade saw gold and silver prices advance strongly to highs not seen for a few months, although they were coming down again in Europe at the start of the current week. However we think the signs remain positive for them but we are less confident about any progress in equity and bitcoin prices as inflation remains high and the world seems to be heading into recession,
10 November 2022The U.S. Midterm elections which saw President Biden and the Democrats perform far less badly than anticipated, closely followed by the latest CPI figures which saw inflation come in lower than expected, saw gold, silver, pgms. equities and bitcoin all surge sharply.
08 November 2022This week sees the U.S. midterm elections and the release of updated U.S. CPI data, both of which could have a significant impact on precious metals and equity prices. The Democrats are widely expected to lose political ground to the Republicans which could be positive for gold and equities, while inflation data could trend either way.
07 November 2022The Shanghai Gold Exchange's latest gold withdrawals data for October has come in at under 100 tonnes, comfortably below last year's level, but above that for Covid-hit 2020. October figures do tend to be anomalous as the SGE is closed for the Golden Week holiday, but the low figure does suggest that overall Chinese gold demand for the full year is likely to fall below that for 2021
06 November 2022After an extremely volatile few days price-wise following last week's FOMC meeting, gold and silver prices both ended the week appreciably higher and there was a possibly unjustified late surge in equity valuations and bitcoin too despite the global economy seemingly headed into a period of recession,
05 November 2022The latest Gold Demand Trends report from the World Gold Council shows Q3 gold demand has risen sharply, returning to pre-pandemic levels, helped by record central bank buying and a big pick-up in jewellery demand. Q3 gold supply is estimated as rising by around 1%.
04 November 2022The November FOMC meeting is now behind us and in its aftermath the gold price shot up, then crashed, and is now recovering again. In his post-meeting press statement Fed Chair Powell did suggest that the Fed might at some stage be looking at reducing its interest rate raising amounts, but at the same time suggested that ultimate rate increase levels might be higher than many had anticipated. Read what you may into that.
01 November 2022The start of the new month saw a good rise in gold and silver prices perhaps boosted by reports of record Q3 central bank gold accumulations and hopes of signs of a less aggressive approach by the U.S. Fed. emanating from the November U.S. FOMC meeting
29 October 2022Latest Fedwatch Tool predictions see the U.S. Federal Reserve easing off in its aggressive approach to raising interest rates at future FOMC meetings, which has given a boost to equity markets, supported by a strong Q3 GDP estimate, although this may not be all that it seems.
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