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 […]
At last!
It was starting to feel like Groundhog Day – the same range, time after time… then last week gold finally broke out to the upside. Not by much, but the range has changed and we are now in a period of consolidation. With the exception of just under a fortnight in November last year when […]
Weekly markets round-up
Since our last market round-up in early November gold has been on something of a rollercoaster, rising from $1,816 to as much as $1,874, sliding lower to $1,780 by the 23rd of the month and then putting in a volatile performance last Thursday and Friday, along with much of the rest of the financial sector, […]
Gold and silver; one headwind out of the way?
The smart upward moves in gold and silver at the end of last week have carried on into the start of this week, with gold actually moving away from its ten-day moving average. From mid-August into early November the ten-day average had been very close to gold as the metal’s price oscillated around a very […]
Yet again the Fed is in focus
this time gold falls before the meeting, rather than afterwards (although that can’t be discounted either). For some months now the markets have been Fed-watching even more closely than usual, as economies have been recovering from the impact of the pandemic, supply chain dislocations have exacerbated inflationary pressures that are generated in an economic recovery […]
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