12 December 2022Gold was not allowed to close the past week above the $1,800 level which, at one time, it appeared to have breached fairly comfortably. It opened the current week a few dollars lower still and silver lost ground too, both showing nervousness ahead of this week's FOMC meeting and tomorrow's CPI data release, misplaced in our view.
09 December 2022The gold price moved through the $1,800 mark again in European trade today before being brought back down again when U.S. markets opened before recovering again, but silver prices remained positive. PPI inflation figures in the U,S, disappointed but there was some positive analysis from the WGC. Next week's FOMC meeting and CPI data should give further price guidance for gold and equities.
06 December 2022A 'surprise' scenario from Standard Chartered Bank's Head of Research, Eric Robertsen, sees the gold price rising to $2,250 and bitcoin falling to $5,000 next year if current patterns play out.
03 December 2022Gold breached the $1,800 level on December 1st, but fell back again quite sharply in early U.S. trade a day later before clawing its way back up again to end the week in the high $1,790s. Silver did rather better, although we are wary of its past somewhat erratic price performance. We remain confident on the future price performance for gold and, perhaps less so for silver, but are wary on equities and cryptos due to likely economic headwinds,
01 December 2022The combination of a more dovish statement from Fed Chair Jerome Powell and the latest PCE data release drove gold, silver, equities and bitcoin all higher in the U.S. and globally, with gold breaking through the $1,800 barrier at one time.
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.
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%.
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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