Precious Metals Market

gold has been a victim of a strong US dollar and rising bond yields, making this non-interest-bearing commodity less appealing for yield seekers.

EUR/USD edges towards 1.550 with CPI data in focus, ECB Lagarde awaited. Gold look to US inflation data for its next move.

As yields on government debt continue to press higher, investors are forced to get out of assets that pay low or no interest or dividend...

We have been keeping a close eye on gold for a potential swing low, and a combination of price action and sentiment analysis suggests we may have seen it.

We have been keeping a close eye on gold for a potential swing low, and a combination of price action and sentiment analysis suggests we may have seen it.

Covid reared its ugly head again on economic data, which saw China’s service PMI contract at its fastest pace since the pandemic.

Wall Street was lower overnight a mixture of softer economic data and the realisation that peace talks were not living up to expectations.

After spiking higher on panic buying in early March, the speed of gold’s retracement has left investors and traders unsure of what comes next.

It was a volatile session around the FOMC meeting but after the press conference, commodities and therefore commodity currencies rallied into the close.

Tentative signs that the war between Russia and Ukraine could end sooner than expected and hints of a compromise from Ukraine helped Wall Street bounce overnight.

Gold prices have surged higher in 2022, but will miner Centamin be able to fully capitalise as it strives to ramp-up production and cut costs this year?

Traders continued to pile into long bets on gold and silver last week, whilst offshore ruble speculators seemingly ran for cover.

Overnight, inflation in the U.S. accelerated to 7.9% in February, the highest rate since January 1982

Equity markets in Asia took the obligatory route of following Wall Street lower, after another hot inflation print from the US.

A stellar rebound for the ASX200 today, ending a run of three consecutive down days to add 73 points closing at 7053 (1.04%). All sectors finished higher on the day.

Having traded within $5 from the milestone level yesterday and spot prices rising overnight, we suspect gold traders may have another crack at a record high.