31 July 2022The latest World Gold Council Gold Demand Trends report shows a year on year fall in Q2 gold demand but an overall rise for H1 compared with a year earlier. It also estimates new mined gold output is still rising, albeit slowly.
28 July 2022The immediate aftermath of this week's FOMC meeting saw the US dollar index fall and gold, silver, equities and bitcoin all rise sharply. Reaction today was a little more muted. It will be interesting to see what happens when US markets open
25 July 2022With Russia and China now dominant suppliers of strategic metals, minerals and technological products to the U,S, and Europe, countries are desperately trying to disentangle themselves from such reliances, thereby contributing to rising inflation. This, coupled with fears of conflict escalation in Europe and Asia, should help keep the gold price positive as a safe haven.
22 July 2022Wednesday saw gold and silver prices fall to their lowest levels in around two years from which they have both rebounded in the past couple of days. Equities and bitcoin have both also improved despite continuing high inflation and the likelihood of global recession, Where do they all go from here?
20 July 2022Equities and bitcoin have been making gains on the latest market data while precious metals have mostly remained in the doldrums. The silly season seems to be with us and we may have to wait until after the U.S. Labor Day for markets to find their true direction.
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.
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