Market Report: Rate rise, stronger dollar, weak gold
This week, the Fed’s FOMC increased the Fed funds rate by 0.25%, to a target of 1% to 1.25%. This was so certain to happen it was fully di...
Market Updates
Market Report: Bullishness returning
Gold and silver prices moved further ahead this week, with gold up by $21 from last Friday’s opening (Friday was a strong day) to $1287 in...
Market Report: Trying to break out
Apart from some minor profit-taking over the last two days of this week (into early European trade this morning – Friday) the undertone in...
Market Report: PMs rally on US politics
After establishing some support last week, precious metals continued their rally this week, with Wednesday being especially strong. At its...
Market Report: A pause in the decline
Gold and silver found temporary bottoms this week, with gold little changed from last Friday’s close of $1229.4 at $1228 in early European...
Market Report: China unwinds WMPs
Gold and silver declined sharply this week against a background of carnage in commodity markets, driven by Chinese liquidation of base metal...
Market Report: French election prompts correction
Gold and silver were sold down in the futures market this week, after the first round of the French presidential election last Sunday. We ar...
Market Report: Explosive moves in the wings?
Gold and silver peaked on Monday, when much of Europe (including London) was closed for the Easter Monday holiday. Prices then eased to a lo...
Market Report: Fear taking over
..."Relations between N Korea and China have deteriorated in recent years, and the only leader the Korean dictator will listen to is Pu...
Market Report: Trump goes native over Syria
The missile strike is being presented as a one-off action, just like the others. Trump has gone native. Gold and silver prices hardly moved...
Market Report: Dollar under attack
Given it was option expiration on Comex this week, gold and silver performed well. One would have expected the takers to mark prices down to...
Market Report: Physical demand underwriting prices
Gold and silver continued their rally this week, with Tuesday an especially strong day. Initially, gold was marked down to $1228 before buye...
Market Report: Turning the corner
The long-awaited event of the week was the Fed raising the Fed funds rate by ¼%. Everyone knew it was coming, and what it would be. The ma...
Market Report: Waiting on the Fed
Gold and silver continued to decline over the week, along with base metals and oil. Gold fell $40 from last Friday’s close to $1195, and s...
Market Report: Silver hammered
Gold and silver declined over the week, though their paths differed. Gold peaked in the early hours of Monday, briefly spiking above $1260....
Market Report: Making headway in better volume
In early European trade this morning, gold was trading at $1254, up $19 since last Friday’s close. Silver was at $18.26, up 27 cents on th...
Market Report: Hey ho, and up she rises….
The Trump administration is running into choppy waters, commodity prices are on the up, and inflation is around the corner. After a slow st...
Market Report: Attrition for the bears
Since President Trump won the Presidency, the dollar has risen strongly, but doubts are now entering investor’s minds. In the first three...
Market Report: Gold in the Post-election Market
Gold and silver resumed their uptrend this week to challenge recent highs, last seen on 23 January. The best levels were mid-week, before s...
Market Report: Consolidating the rise so far
It has been a week of consolidation for precious metals, with gold and silver hitting their highs on Monday. The timing of the slight pull...