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Gold Hits Two Week High As Uncertainty Grows
Overnight the gold price hit a two-week high. One of the ‘supports’ for the gold price was the release of FOMC minutes yesterday, something that once upon a time would have done a bit of a number on the price of gold. Instead, it barely blinked. The metal also finds itself well supported on account […]
Gold Down But Not Out
Gold and silver continue on their downward trajectory this week. The US Government Shutdown Deal and comments from FOMC members appear to have boosted bets that the Fed will make space for one more hike in 2023. Prior to the last-minute debt-ceiling deal (yawn) being struck at the weekend, markets had favoured a December hike, […]
Gold Down $100? This Really Shouldn’t Be A Surprise
It’s been a tough couple of weeks. Everything’s down. Stocks are down, bonds are down, heck, even gold is down over $100. What’s going on? We turned to one of our favourite guests, Technical Traders’ Chris Vermeulen and asked for his take on market activity. What are his thoughts? None of this is a surprise […]
Gold: It’s Who’s Buying It That Counts
Gold has been on a bit of a losing streak this week, hitting a six-and-a-half month low. This morning the yellow metal found some (very) modest support in the face of slightly lower Treasury yields, another US government shutdown looming and concerns regarding the Chinese economy. However, it’s likely that it will fall further given […]
Gold Slips as Fed Signals More Hikes to Come
Yesterday the FOMC concluded their September meeting yesterday, leaving rates at their 22-year high. It signalled another rate hike was coming, this side of Christmas. The FOMC also amended its projection for 2024 rates, raising them from 4.6% to 5.1%. Unsurprisingly the US dollar surged whilst gold fell back. Prior to the FOMC statement gold […]
When The Weight of Inflation Becomes Too Much
In a comment to MarketWatch last week we said that traders this week would be most focused on the CPI report that came out yesterday. In that very report, Inflation came in hot, above expectations, and posted its biggest monthly increase in August this year. It’s up 3.7% from a year ago. However, markets didn’t […]
Expect $2,500 – $3,000 Gold In Next 12 Months
It’s that time of the month again when we bring in a top chart analyst to take us through what they’re seeing in the markets, right now. This month we have the brilliant Gareth Soloway. Gareth explains why he’s watching the US Dollar, what he means by “Good news is bad news” and when we […]
Betting on Gold and Global Dominance: How India’s Boom Could Dethrone China
Buckle up, because India isn’t just racing on the path of economic transformation; it’s blazing a trail. We’re talking about a nation that has evolved from contributing just 6.3% of global GDP growth in 2007 to a projected 17.4% by 2028. The underdog is gaining ground on China, and gold investors might be the unexpected […]Does A BRICS Gold Currency Really Matter?
Next Tuesday the BRICS nations will meet in South Africa for the group’s 15th summit. This could be a game changer for gold. For something that only officially existed eight years after the term ‘BRICs’ was created, the bloc known as “The BRICS” has rapidly gone from an informal term for a group of fledgling […]
