Blog posts tagged with 'gold'

Even though the dollar has not posted a higher high for the move yet today it remains near breakout pricing and should remain a headwind against early gains in gold and silver.

While minimally lower US treasury yields provide a very small measure of week-ending short-covering activity, markets continue to lack a key internal fundamental driving force.

In retrospect, gold and silver withstood hawkish dialogue from three Fed members this week potentially signaling thinner and more orderly declines ahead...[MORE]

Please subscribe to receive the full report via email by clicking here.

Sep 8 (Reuters) -Gold firmed on Friday as the dollar came off six-month highs but bullion was still en route to a weekly fall on chances of one more U.S. interest rate hikes this year.

Spot gold was up 0.2% to $1,923.63 per ounce by 1037 GMT, but was set for a 0.8% weekly fall. U.S. gold futures rose 0.3% to $1,947.60...[LINK]

While bearish outside market forces are not presenting significant pressure on gold and silver prices, early on those forces remain and are likely to expand their impact directly ahead.

Unfortunately for the bull camp in gold and silver treasury prices are just above new lows for the move and the dollar index in the early trade matched the multi-month high posted yesterday in the overnight trade.

Internal market forces like demand are mixed with gold and silver ETF holdings falling significantly (especially in silver) and Chinese gold reserves at the end of August increasing from 68.6 million ounces to 69.6 million ounces...[MORE]

Please subscribe to receive the full report via email by clicking here.

Sep 7 (Reuters) -Gold prices inched higher on Thursday, as a slight pullback in Treasury yields offered some respite from a robust dollar, while investors looked forward to more U.S. economic data to gauge the outlook for interest rates.

Spot gold was up 0.1% at $1,918.64 per ounce by 0906 GMT, after hitting a one-week low on Wednesday. U.S. gold futures were little changed at $1,943...[LINK]

Sep 6 (Reuters) - Gold languished near one-week lows on Wednesday on strength in the dollar and Treasury yields, driven by expectations for U.S. interest rates to stay elevated for longer and worries about China’s economy.

Spot gold was flat at $1,926.30 per ounce by 1209 GMT, after hitting its lowest since Aug. 29 earlier in the session. U.S. gold futures were little changed at $1,952.40...[LINK]