Market Report: Bulls skewered by contract run-off
Precious metals lost ground this week in a disorderly run-off of the April gold contract on Comex. From last Friday’s close, gold was down...
Market Updates
Market Report: FOMC - interest rates on hold
Gold and silver continued to rally this week, consolidating after the sharp dip earlier this month. In European morning trade today, gold wa...
Market Report: Gold’s Comex open interest bullish
This week, gold and silver consolidated at established support levels after their recent slide, having recently tested the $1350 and $16.20...
Market Report: Gold and silver sell-off stabilises
Gold and silver’s sell-off stabilised this week after their recent unsuccessful challenge at overhead supply at $1350 and $16.20 respectiv...
Market Report: PMs suffer option expiry
Gold and silver lost ground this week under the influence of options expiry on Comex. Gold fell $19 from last Friday’s close to trade at $...
Market Report: Gold tested its post-2015 highs
Gold rose strongly towards the $1350 supply level, before backing off on Wednesday afternoon EST on the FOMC statement. From last Friday’s...
Market Report: Gold firmly underwritten at $1300
Gold and silver had another week of consolidation, with gold up $3.00 at $1317.50 from last Friday’s close in morning European trade. Silv...
Market Report: Overbought PMs pausing
This week, precious metals consolidated their bull run with a dip back to test previous supply levels, which have now become potential suppo...
Market Report: $1300 breakthrough for gold
Gold and silver performed strongly this week improving on Friday’s sharp gains. As our headline chart shows, gold is back to the January 2...
Market Report: Gold support establishing at $1280
After failing to break the $1300 level, gold backed off to find support at $1280, and silver dutifully eased as well. From last Friday’s c...
Market Report: Gold’s consolidation completing
Both gold and silver are still consolidating recent gains. Gold this week has sold off a little in European morning trade to lose $2 on the...
Market Report: US$ breaking down
Gold and silver consolidated their recent gains this week, with gold up $7 at $1292.50 in European morning trade today (Friday), and sil...
Market Report: Gold challenges $1300
Gold and silver rallied in a quiet week which straddled the year-end. Gold rose $11 by morning trade in Europe from last Friday’s close to...
Market Report: Seasonal Rallies In Gold And Silver
Gold and silver continued to rally this week in thin trade, interrupted by the Christmas holiday, with some markets shut on 26 December as w...
Market Report: Gold breaks above $1250
Gold broke above the $1250 supply level on Wednesday ahead of the Fed’s interest rate rise this week but was then sold down on the announc...
Market Report: Quiet pre-Christmas trade
Comex volumes for gold and silver have dropped off significantly this week, almost as if Christmas trading arrived early this year. The dwin...
Market Report: Gold up, stocks slide
Gold and silver closed higher on the week in European trade this morning (Friday). Gold was up $18 at $1240.00, and silver up 35 cents at $1...
Market Report: Comex open interest sharply lower
Gold and silver are marginally lower on the week in early morning trade in London, with gold at $1223 and silver at $14.26. On Tuesday and W...
Market Report: Gold remains exceptionally oversold
The US’s Thanksgiving holiday on Thursday has thinned Comex markets, though volume figures for gold have held up reasonably well. Doubtles...
Market Report: Don’t forget the December rally
After a torrid Monday and Tuesday when gold tested the $1200 level and silver $14.00, precious metals rallied to close up on the week by ear...