13 July 2022The June U.S. CPI figures have come in showing yet another increase in year-on-year inflation. Precious metals, equities and bitcoin all dipped on the news, but gold and silver made rapid, and strong, recoveries, moving back above prior levels.
11 July 2022While the gold price may have been showing signs of weak ness recently, a report from Bloomberg Intelligence suggests it may be poised for take-off to hit $2,000 again by the year-end
08 July 2022Latest gold withdrawal figures from the Shanghai Gold Exchange for June show that the month's total has exceeded that of a year earlier suggesting China's gold demand is beginning to pick up, but cumulatively still remains well behind that of H1 2021.
07 July 2022The past couple of days since the end of the U.S. Independence Day holiday have seen carnage in almost all markets brought on by a sharp rise in the dollar index to its highest level for nearly 20 years and the realization that we are really and truly headed for recession brought on by central banks' attempts to control rampant inflation.. Markets are beginning to recover, but slowly so far.
04 July 2022The latest announcement of Swiss gold import and export figures has highlighted some significant changes in global gold movements in May. India moved into the top spot as the leading recipient of Swiss re-refined gold that month and China dropped back, while the figures also showed the anomalous receipt of 3.2 tonnes of apparently Russian sourced bullion.
01 July 2022July opened with some strong falls in metals prices, equities and bitcoin in early trade on worries about a possibly forthcoming global recession as the Russia/Ukraine war continues and possible further aggressive action by the U.s. Federal Reserve and other central banks to try and bring things under control.
29 June 2022Yesterday was a down day for investors in almost all asset classes as markets turned down on looming across-the-board fears of a global recession took hold. The Russia/Ukraine War has been a major game changer and many of the cards seem to be in Russia's hands economically speaking.
28 June 2022The announcement that the G7 nations will be banning imports of Russian-produced gold may have little effect given that many of the world's largest gold consumers are not members of this body - particularly the world's two largest gold consumers, China and India
25 June 2022Equities and bitcoin have seen signs of recovery in the past week and gold has generally looked a little weaker. We feel that inflation is going to remain high for the foreseeable future, whatever the U.S. Fed does to try and control it and indeed may even add fuel to the flames in Q4 in an attempt to keep the U.S. economy out of all-scale recession.
22 June 2022U.S. markets have moved somewhat contrary to our expectations so far since the 75 basis point increase in the Federal Funds interest rate at last week's FOMC meeting, But there are signs that this may be reversing in European trade today. It remains to be seen whether this trend will spill over into U.S. markets later.
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