The gold market has spent the past few months running one of the oldest tricks in the trading book: shake the tourists out of the showroom while the serious buyers reverse the Brinks truck into the loading bay... Stephen Innes
The gold market continues to struggle to hold gains above $4,100 an ounce, and although prices are consolidating at a critical support level, one major gold investor is not giving up on the rally anytime soon.
Brent crude crossed above $100 a barrel last week, all due to a 20-mile-wide stretch of water some 6,500 miles away from the U.S. Tanker traffic through the Strait of Hormuz the Persian Gulf bottleneck that carried roughly a fifth of the world’s seaborne oil before the fighting started has fallen to virtually zero.
China’s gold imports set a fresh two-year high in June, with the plunge in international gold prices making the yellow metal even more attractive in the world's biggest market for bullion... Ernest Hoffman
A comprehensive study of the gold: silver ratio illustrates the continued relevance of this measure to today’s active precious metals markets... Silver Institute Press Releases
Asian investors continued to buy gold in June even as their Western counterparts exited positions, while central bank gold demand around the globe will likely rise and will support gold prices for many years to come, according to precious metals market analysts at Schroders... Ernest Hoffman
Goldman Sachs told clients in a note on Friday that strong central bank gold purchases in May are likely to provide a price floor for gold amid near-term pressure from hawkish Federal Reserve pricing... Sam Boughedda
As the war with Iran blows up and cools down from week to week, one trend is clear: The biggest beneficiary of this conflict is China... Fareed Zakaria
Gold prices remain trapped below $4,000 an ounce and have been unable to attract any significant safe-haven demand despite persistent uncertainty in the U.S. housing sector, which threatens to weigh on economic activity through the second half of the year... Neils Christensen