Market Updates
Keep up-to-date in the past week’s price action and the current geopolitical and economic factors driving the international and local precious metal markets.
Did big money just bet on gold?
Gold pauses this week after last week’s rally. While the yellow metal did give the US$1,870 price level a nudge on Wednesday, it’s dipped back to US$1,859 at the time of writing, leaving us with a gain of 0.50%...but one expert says there’s room for the metal to run.
Patient gold bulls are rewarded this week
The world’s favourite precious metal did what it does best this week, rewarding patient investors with an incredible rally on the back of critical economic data. This news lifted precious metals across the board as investors turned to traditional safe haven assets. But it’s Australian gold investors that received the biggest gift…
Fed tapers but gold stays firm
The Australian dollar did a sharp U-turn during the week, falling from 75 US cents to 73.88 US cents at the time of writing. This 1.5% drop lifted the Australian gold price above AU$2,400 this week, taking it near AU$2,430 – a three week high.
Time for gold to pop
Gold’s trading range continues to narrow. This week the yellow metal has barely moved US$30 per ounce. The good news is that gold has managed to hold onto some of last week’s momentum and the tight trading range may be a sign of consolidation plus its keeping gold above a key area of support…
Inflation runs hot and bids up gold
Gold has broken higher and meets some pas resistance.
A strong move up this week. Perhaps it's time for some cautious optimism...
Gold hugs key price level
Another week of minimal price action. Gold continues to hug the key price level of US$1,750. The yellow metal appears reluctant to budge until the markets receive the US Nonfarm payroll data. The gold price may not be moving, but there are lots of people keen to snap up the precious metal at these levels…
Gold finds support – can it hold?
We’re looking at our third rough week for the spot gold price. The US dollar continues to strengthen. The hawkish tone coming from the Federal Reserve Bank is snuffing out any gold rally, and the US markets are largely unconcerned about contagion from Chinese real estate developer Evergrande defaulting…
Three reasons gold could rise
Fed lays out tapering schedule, All isn’t lost bulls,Outliers that may spark a gold rally, Gold versus the global money supply,
Demand for precious metals will triple says expert
The yellow metal continues to demonstrate its sensitivity to the US economy, rather than emerging problems in the financial system. Gold’s dip overnight now puts the price in no man’s land. No major data is expected to nudge the metal in either direction. Don’t let short term price movements cloud your decisions though, as it appears gold outperforms in the long run…
The Precious Metal Outperforming Gold and Silver
Gold giveth then taketh away. The yellow metal was buoyant on the back of Jackson Hole. Not long after we hit the publish button, gold got its second wind from disappointing US jobs data for the month of August. The problem is, got stuck by the on the pesky US$1,830 level…
Gold Price Heading Up
Jackson Hole was anticlimactic. Comments from Federal Reserve Bank chairman, Herome Powell were unexpectedly dovish.
Gold at the mercy of Fed
The gold market is paused this week awaiting news from the Federal Reserve Bank meeting at Jackson Hole this month.
No news is expected until early Saturday morning Australian Eastern Standard Time (AEST). Gold may be stuck until a catalyst causes it to break out…
Gold Recovers: Where to Next?
Gold remains resilient. The flash crash didn’t drive gold below the key support level of US$1,680, which means this likely the floor for this price cycle. The near 8% fall of two weeks ago is a distant memory. The gold price in US dollars has a strong rebound and is currently trading at US$1,783, but there are key levels to watch…
Gold dips as the bulls take a breath
Gold dropped but the long term fundamentals hold. US NonFarm numbers were significantly higher than expected. Good US domestic data does not mitigate broader global concerns.
Analysts are not yet in a ‘risk on’ frame of mind. The focus for many will now be on the strengthening US dollar, interest rate differentials and the hawkish comments from the Federal Reserve Bank…
Silver price up as jobs data went down
Overnight the US ADP pay roll data (non-government statistics) was weaker than anticipated. The US post-recession economic recovery is being called into question, and there are two price targets for silver you need to know…
Gold versus government debt
After a slow news week last week, we’ve got lots of market titbits to cover today.
The markets have been chewing over what the Federal Reserve Bank did or didn’t say…
The US dollar price of gold got a boost overnight…
Platinum is playing a critical role in the Tokyo Olympics…
…one meaty article to tide you over for the weekend.
Let’s get started, but first, what are traders saying?
Aussie dollar falls give gold a free ride
>What do we want: A gold rally!
When do we want it: Now!
If you’re based in Australia, we are getting a rally in gold. It just happens to be a gold rally denominated our local currency.
Two steps forward one step back: The worst is over for gold
On Monday, the US dollar price of gold eked above US$1,800. Last Friday’s end of week rebound held…and persisted throughout this week. Gold’s up, platinum’s up and even silver’s a skerrick higher. For us precious metal enthusiasts, it’s been a good news week. Perhaps it’s time for some optimism?
The battle of the taper talks
We’re two weeks on from the Federal Reserve Bank’s meeting that sparked the ‘taper talk’.
Is gold about to run with the bulls
The question most people want an answer to this week is: what is the direction of gold, up or down? Are we strapping in for bigger falls, or is it time to get excited about a new rally?
The takeaway here is, indecision in the gold space remains. The gold bull is yet to be released from the gates without some decisive moves from the yellow metal.
I appreciate their position. Traders move with the market rather than running with a narrative.
For me, when gold dips like this I see it as an opportunity to pick up more…
Gold price fall a gift from the market
The rumblings began a few weeks ago. Basel III changes are soon to be implemented. People wanted to know, what do they mean for gold?
Rather than listen to the echoes doing the rounds on the internet, I turned to our in-house expert — Nick Frappell.
Turns out, Nick had some market leading analysis for us…
Why gold made this unexpected move
Well, that’s one way to get everyone talking.
What was meant to be another routine Federal Open Committee Meeting (FOMC) for the month…ended up giving the market the jitters.
The tone of the June FOMC was tipped to cool the markets inflationary fears and water down the down the ‘taper talk’.
Instead, the Federal Reserve Bank did the opposite.
Our central banking mates didn’t calming things down, rather they acknowledged inflation may be a bigger problem than first thought. Suggesting rates might increase sooner than originally planned…and that ending monetary stimulus is a discussion the room needs to have.
All this noise caused gold to sink like a stone.
There’s a lot to unpack today. Let’s get started…
Good deeds and their unintended consequences
As the week draws to a close, we look back on the things we learned.
One of those, is that the Aussie stock market doesn’t care if Melbournians are trapped in their homes.
Another, could be coming from own our gold expert on whether cryptocurrencies can cut the mustard.
I personally learnt earlier in the week, that a magnet will ‘glide’ down a 1 kilo silver bar because of its slightly magnetic properties.
But the most important lesson for this week, is that changes to capital requirements for the banking system may impact the gold markets on the inside.
Expert says gold’s run is just getting started
Settle in folks, we have some ground to cover today.
In fact, think of this edition as a choose-your-own-market-update-adventure.
There’s an interview with a legendary commodities investor. Some titbits from the Reserve Bank of Australia and we have what Opposition Leader Anthony Albanese said about ABC Refinery over here.
Our most important topic for today, is that we start understanding what the new rules for banks mean…and the potential impact on gold.
Before we get to any of that, let’s check in and see what the yellow metal is doing…
Has China smothered the ‘reflation’ trade?
What a week.
Gold rallies and another Australian city goes into lockdown. Again.
I’ve woken up twice to see the price of gold has danced with US$1,900 (AU$2,450). That was the good news…
…for those Melbourne bound like me, we won’t dwell on our 4th shut-in in a 12 month period. No! Instead, we look to rising gold prices and perhaps the better days ahead for precious metal investors.
This was something Nick Frappell and I talked about last week over at our You Tube channel.
As Nick pointed out from secret studio location in Marrickville, gold breaking through US$1,900 is an important psychological point for traders.