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.
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.
27 November 2022With the Thanksgiving holiday, Black Friday and the World Cup diverting attention away from the markets there was a relatively quiet week with most sectors performing mildly positively, perhaps encouraged by the release of the minutes from the November FOMC meeting which were taken as suggesting the Fed might start reducing its aggressive interest rate impositions as soon as December.
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.
08 November 2022This week sees the U.S. midterm elections and the release of updated U.S. CPI data, both of which could have a significant impact on precious metals and equity prices. The Democrats are widely expected to lose political ground to the Republicans which could be positive for gold and equities, while inflation data could trend either way.
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