29 April 2024Spot gold prices continued to push on with their advance in April, even though they faced dual headwinds from rising bond yields and a strengthening US dollar.
03 April 2024Gold prices start to reflect increased concern over the growing risks in geopolitics and financial markets.
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.
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.
20 November 2022Gold and silver both slipped back from earlier strong gains towards the end of the past week, despite a fall in the dollar index. There was a distinctly bearish forecast for precious metals going forwards from Metals Focus for 2023, but the consultancy still reckoned gold at least would continue to play a role in investment portfolios as other asset classes would perform even worse.
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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