The process of attrition in the gold and silver markets is continuing and the positioning in the COMEX contracts is theoretically rendering silver vulnerable to a short-covering move. Silver has been sliding lower along with gold. As we write gold is trading at just below $1,800, down 14% from its early-March high and at the […]
Coininvest round-up Monday 25th April 2022
The latest sentiment in the precious metals sector has become somewhat sour, with eyes in the professional market turning once again to the Federal Open Market Committee meeting next week with expectations for a 50-basis point rate hike, along with a likely decision on the timing and size of balance-sheet run-off (i.e. reducing holdings of […]
Gold trying to break higher – markets firmly in risk-off
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 – tracing out another sideways trend
After sliding by almost 9% in six trading days from its early-March peak of $2,070 to touch a low of $1,895 in mid-month, gold has been trading in relatively thin conditions in a sideways range bounded by $1,890 and $1,944. The past week has seen it confined within those boundaries and testing neither (all prices […]
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 […]
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