Morning Call
Wednesday, February 14, 2024Good morning. The precious metals are mixed in early U.S. trading.
U.S. calendar features MBA Mortgage Applications, EIA Data.
FedSpeak due from Goolsbee & Barr.
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Blog posts tagged with 'palladium'
Gold ekes out gains with focus on US inflation data
Tuesday, February 13, 2024Feb 13 (Reuters) - Gold prices edged higher on Tuesday as caution set in ahead of a U.S. inflation report that could offer more clues on the timing of widely expected interest rate cuts from the Federal Reserve.
Spot gold was up 0.4% at $2,027.99 an ounce by 1145 GMT, having briefly slipped to a more than two-week low of $2,011.72 in the previous session...[LINK]
Morning Call
Tuesday, February 13, 2024Good morning. The precious metals are higher in early U.S. trading.
U.S. calendar features NFIB Small Business Optimism Index, CPI (+0.2% expected).
Zaner Daily Precious Metals Commentary
Monday, February 12, 2024While gold and silver finished Friday with moderate losses for the day and week, they are starting with silver rallying to a one-week high and gold under pressure.
Platinum and palladium have rebounded off their 2024 lows. However, further gains are being held in check by ongoing Asian and European auto catalyst demand concerns.
Although they started a 1-week Lunar New Year holiday on Friday, China's economic concerns are not going away anytime soon, and they continue to weigh on the near-term demand outlook for both precious metals...[MORE]
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Gold eases as U.S. CPI takes centre stage
Monday, February 12, 2024Feb 12 (Reuters) - Gold edged lower on Monday due to an uptick in the dollar, although prices were stuck in a tight range as investors looked forward to U.S. inflation data and comments from Federal Reserve officials this week.
Spot gold was down 0.2% at $2,021.13 per ounce, oscillating in a $5 range, at 1219 GMT. U.S. gold futures also fell 0.2% to $2,035.60 per ounce...[LINK]
Morning Call
Monday, February 12, 2024Good morning. The precious metals are mostly higher in early U.S. trading.
U.S. calendar features Treasury Budget.
FedSpeak due from Bowman, Barkin, & Kashkari.
Zaner Daily Precious Metals Commentary
Thursday, February 8, 2024There has been notable divergence in precious metals with gold holding within its 2024 consolidation zone while silver is still within striking distance of a new 4-month low.
The gold/silver ratio was just above 92 at yesterday's close and approaching the 17-month high reached in mid-January.
The dollar remains well below Monday's 2 1/2-month high which has underpinned metals prices early today.
Fed speakers gave mixed comments on upcoming Fed policy yesterday, and the market's disappointment that there was not an overall dovish tone has weighed on gold and silver prices...[MORE]
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Gold subdued as traders seek more Fed cues; palladium extends slide
Thursday, February 8, 2024Feb 8 (Reuters) - Gold prices eased on Thursday as dollar ticked higher, with investors awaiting more cues on the timing of the U.S. Federal Reserve's first interest rate cut this year, while palladium prices dropped to a fresh five-year low as demand concerns persist.
Spot gold fell 0.4% to $2,026.39 per ounce, as of 1230 GMT. U.S. gold futures lost 0.5% to $2,041.10 per ounce...[LINK]
Morning Call
Thursday, February 8, 2024Good morning. The precious metals are mostly lower in early U.S. trading.
U.S. calendar features Initial Jobless Claims, Wholesale Sales, FedSpeak from Barkin.
Zaner Daily Precious Metals Commentary
Wednesday, February 7, 2024After a rough start to February, the tide may have turned for gold prices as they remain well clear of Monday's low.
Silver prices have reached a 2-week low while platinum and palladium are also under moderate early pressure.
The Dollar has extended its pullback after a surprise downtick from a private survey of US economic optimism, which carried more weight with the market than usual on Tuesday as there were no top-tier US economic numbers to digest...[MORE]
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