Market Report: Breakout!
The moment gold bugs have been waiting for happened this week, with gold breaking higher out of its three-year consolidation on the upsi...
Market Updates
Market Report: Gold trying to break out…
Gold performed strongly this week, rising $15 from last Friday’s close to trade at $1355 in European morning trade today. Gold’s str...
Market Report: Gold Breaks Through
This week has seen a dramatic extension of a rally in gold which started in earnest on 30 May. In the seven trading sessions since the 29...
Market Report: Gold and silver diverge
Gold and silver were more volatile this week, but they appear to be going their separate ways. Gold was up a dollar from last Friday’s...
Market Report: Volatility drops
This week, gold traded in a very narrow range, up $6 from last Friday’s close at $1285 in European morning trade. Silver drifted lower...
Market Report: Precious Metals Deeply Oversold
Gold and silver sold off this week, becoming heavily oversold in the process. Gold lost $15 on the week to trade at $1271 in early European...
Market Report: PMs steadier after last week’s sell-off
From last Friday’s close gold recovered slightly after last week’s sell-off, gaining $7 at $1283 by early European trade this morning. S...
Market Report: Drifting lower in pre-Easter trade
Gold drifted lower in pre-Easter trade, while silver held steady. Gold lost $16 by noon today EST (Thursday) from last Friday’s close to t...
Market Report: Central banks building gold reserves
According to the World Gold Council, central banks added 51 tonnes to their reserves in February, adding to their 41 tonnes net purchases in...
Market Report: Dollar strong, gold subdued.
Following last week’s expiry of gold’s April contract on Comex, the price has been subdued, at one point yesterday dipping to test the $...
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 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...