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 […]
Gold treading water, but with an upward bias
Gold has traded in a narrow range since our comments of a fortnight ago, with a low LBMA afternoon auction price of $1,733.75 and a high of $1,774.45, just 2.3%. On an intraday basis the range is obviously wider, between $1,722 and $1,770. The change over the period (LBMA auction price basis) was minimal, a […]
Gold heavy falls last week and this week will be nervous
The much-awaited next meeting of the Federal Open Market Committee is this week, the 21st and 22nd of September and the tone is becoming increasingly hawkish. As we noted last week, this meeting is one of the four during the year in which economic projections are published, including the “dot plot” which charts each member’s […]
Gold and silver still fluctuating, no discernible trend
We have noted frequently that while inflation may be the current focus of the markets’ attention, it is not necessarily the key driver for gold prices. In the present environment, with the delta variant still ebbing and flowing, the possibility of the economic recovery being derailed is a concern and therefore, once again, we have […]
Gold: continues to improve as U.S. policy doves gain the upper hand; ECB turning hawkish
All of which is bearish for the dollar in the short-to-medium term Spot gold over the past twelve months Since our most recent note, a fortnight ago, the markets have had the Jackson Hole Symposium to absorb, disappointing employment numbers from the United States, members of the European Central Bank talking of closing out the […]
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