21 June 2021The latest Metals Focus Gold Focus 2021 annual analysis assesses country by country gold output in 2020 and its projections for the current year show that peak gold is still elusive, but remains on the near horizon.
17 June 2021The FOMC meeting has ended and despite virtually no changes in the U.S. Fed's ultra low interest rate policy coupled with significant QE, all eyes seemed to be focused on inflation and the Fed's likely reaction to it, even though it is nort expecting to make any serious policy changes for another 2 years. Precious metals all plunged in what we see as a huge over-reaction by the markets.
15 June 2021It looks like nervous gold and silver markets are now waiting on the outcome of the U.S. Fed's policy considerations following on from this week's FOMC meeting. We don't see the Fed implementing any changes as it will consider its current programme of ultra low interest rates, coupled with significant QE, as working out successfully. If it ain't broke don't fix it!
07 June 2021Latest gold withdrawal figures from the Shanghai Gold Exchange for May show that demand this year to date remains substantially stronger than in the first five months of the Covid-hit 2020, but they still remain well below equivalent data for 2019.
04 June 2021We commented a few days ago that precious metals prices would likely be data driven and the latest ADP private sector employment report certainly served to empahsise this, leading to a sharp fall in gold, silver and pgm prices, We suspect prices may now stabilise at current levels before making another attack on $1,900 gold and $28 silver.
02 June 2021After a brief hiatus, the gold price crawled back above $1,900 an ounce on Wednesday and silver regained the $28 level. It looks as though the rapid precious metals price progress we saw in May may not be maitained in June, although portents still look favourable for gold and silver
01 June 2021The world's top three gold producers, China, Austra;ia and Russia, are lee seeing reductions in their Q1 new mined gold output. Australia may be closing the gap with China, but any likelihood of it achieving No.1 status woukd appear to be premature
28 May 2021The latest figures for gold exports for April from the Swiss gold refineries show a big pick-up in gold exports to mainland China and Hong Kong. India remains the top country for Swiss gold exports, but China looks to be closing the gap as it continues its recovery from the coronavirus pandemic.
26 May 2021The gold price moved up through $1,900 perhaps rather faster than we had anticipated. Whether it can saty above this level remains to be seen and there are some worrying movements in the gold stock indexes which could be warning signs of a reversal.
24 May 2021With the bitcoin price collapsing and inflation fears rising, and gold seemingly consolidating in the $1,880s, $1,900 gold or higher looks to be the next target for the yellow metal.
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