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.
16 December 2021With the outcome of this week'sFOMCmeeting less bearish for precious metals than anticipated, gold, silver and pgms all made something of a subsequent recovery. As seemed to be inevitable tapering is being speeded up as is a slightly more aggressive prediction on interest rate rises, but perhaps not quite as aggressively as some had feared.
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.
09 December 2021Today, the gold price slipped back below $1,780 in European and early U.S. trade. Where it settles will likely depend on the outcome of next week's FOMC meeting, which is decidedly uncertain
08 December 2021The latest gold withdrawal figures from China's Shanghai Gold Exchange, point to an annual gold demand total exceeding 1,700 tonnes this year, the highest level since 2018.
07 December 2021In recent weeks the platinum price has been rapidly closing the gap which had developed between it and palladium. That the two will reach parity eventuslly we see as inevitable, although that may take slightly longer than we had previously anticipated.
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