It’s always a sign of extreme nervousness when the dollar, Treasury yields, and gold are all moving higher. With the markets now fully expecting a 50-point rate hike from the Federal Open Market Committee at its meeting of 3rd and 4th May, attention has been increasingly focused on geopolitical risk, which of course revolves largely […]
Gold — A short-lived recovery after the speculative clear-out — US potentially freezing Russia’s gold reserves
With the Fed March meeting now out of the way, geopolitics has been the primary focus of the markets over the past week – although the increased hawkishness from Chair Jay Powell and other members of the Federal Open Market Committee (FOMC) at the start of last week, only a couple of days after the […]
Gold – off the highs in a speculative retreat
When we wrote at the start of last week gold was trading in the region of $1,975, having come off the approach to record levels in the previous week. Prices continued to fall into midweek, briefly testing $1,900 before finding some tentative support and since then it has been looking to consolidate between $1,920 and […]
Fresh gains on geopolitical tensions
When we last wrote a fortnight ago, gold looked as if it had [presented us with a “false dawn”, breaking out of its six-week long range, but falling back again relatively quickly. Since then, as the markets focus increasingly on the tensions over the Russia/Ukraine border, prices have been climbing steadily, to touch highs last […]
That didn’t last long…
After showing signs of fresh strength two weeks ago, gold crumbled last week in response to a more hawkish outcome of the Federal Open Market Committee than the markets had been expecting, although it is certainly arguable that the bond markets overreacted by starting to price in the prospect of five interest rate hikes in […]
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