Blog posts tagged with 'palladium'

While the gold and silver markets exhibited significant two-sided volatility at the end of last week, the bull trend has clearly prevailed and is managing that action despite adversity from the dollar and interest rates.

However, a small portion of the upside impetus is likely the failed Middle East peace talks undertaken by Egypt.

It appears that gold and silver ETF holdings have started to climb with the flat price of gold in a potential beginning of the end of the rally...[MORE]

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Clearly, gold and silver prices lost upside momentum in the wake of a very active US economic report slate this week that has presented a mixed outlook for the US economy and surprisingly failed to markedly increase expectations for a US June rate cut.

Certainly, the markets have been disappointed by Fed dialogue seemingly playing down and or pushing back the prospect of rate cuts!

However, the gold and silver trade will likely remain sensitive and perhaps poised to rally if today's key nonfarm payroll reading is softer and the takeaway from US data shifts sentiment toward economic risk...[MORE]

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With a downside extension in the dollar, another new all-time high in June gold was to be expected this morning.

Apparently, the latest surge was ignited by a bullish interpretation of Fed commentary yesterday reiterating the likely prospects of rate cuts "this year". Surprisingly, the Fed's vagueness on timing for a cut and even less guidance on the number of potential cuts has not deterred gold buyers or dollar sellers.

Seeing gold ETF holdings rise by 78,610 ounces yesterday and silver ETF holdings jumping by 2.8 million ounces, the record run in gold appears to have finally gotten the attention of small investors...[MORE]

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Another day and another new all-time high in gold prices with the market managing the rally in the face of adversity from the dollar and US treasury yields.

According to overnight press coverage from Asia, gold prices are being lifted by inflationary pressures resulting in the purchasing of gold as a hedge.

However, we are suspicious of that argument as inflation data has softened and delays in cutting interest rates should reduce inflationary expectations...[MORE]

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The record run in gold prices continues and has pulled silver prices up seemingly against headwinds.

Utilizing typical market interactions, the gold run seems to be unfolding in a virtual vacuum. In fact, the gains in gold and silver prices yesterday took place in the face of heavy headwinds from a strong dollar and rising US interest rates.

While the reduced probability of three rate cuts may create economic uncertainty and a measure of anxiety, thereby providing flight to quality interest in gold, that theory is squashed by the lack of anxiety in equities and the lack of upside action in Bitcoin...[MORE]

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