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Gold $2,778.21 $(8.19) -0.29% Silver $33.59 $(0.2) -0.59% Platinum $1,005.89 $(5.92) -0.59% Palladium $1,134.40 $(14.85) -1.29%
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Blog posts tagged with 'palladium'

Morning Call
Tuesday, November 21, 2023
Good morning. The #preciousmetals are higher in early U.S. trading.
 
Quote Board
 
U.S. calendar features Chicago Fed National Activity Index, Existing Home Sales, FOMC Minutes.
Zaner Daily Precious Metals Commentary
Monday, November 20, 2023

We see the action in gold and silver this morning as very discouraging and defeating for the bull camp, especially in gold given the sharp range down extension of the US dollar.

In fact, with the Indian government pegging October gold imports jumped by 60% over year-ago levels (the highest in 31 months), a surging bear case in the dollar, and expectations the FOMC meeting minutes will again confirm the US rate hike cycle is done, the gold market should be up $11 instead of down $11.

In addition to the strong jump in Indian gold imports, the Reserve Bank of India added 9 tons of gold in the third quarter which should revitalize hopes of ongoing global central bank gold purchases...[MORE]

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Gold drops from two-week highs as markets look to Fed minutes
Monday, November 20, 2023

Nov 20 (Reuters) - Gold prices on Monday slipped from their two-week highs hit in the last session, as U.S. Treasury yields bounced back, with investors looking forward to the minutes of Federal Reserve's last meeting to gauge the U.S. central bank's policy stance.

Spot gold was down 0.4% at $1,972.26 0 per ounce as of 1146 GMT, after rising as high as $1,993.29 on Friday. U.S. gold futures fell 0.5% to $1,974.60...[LINK]

Morning Call
Monday, November 20, 2023

Good morning. The precious metals are mostly lower in early U.S. trading.

Quote Board

U.S. calendar features Leading Indicators.

Zaner Daily Precious Metals Commentary
Thursday, November 16, 2023

Gold and silver face a critical "focus" junction today with action in the dollar likely to support, while US data and misguided/overstated disinflation predictions undermine sentiment.

However, we favor the downward tilt with the euphoria from the end of the historic US interest rate hike cycle fully injected into gold and silver prices with the rallies earlier this week.

We think the focus will be primarily on US continuing claims this morning which will be followed by what is expected to be soft US heavy industry/manufacturing data...[MORE]

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Gold prices tick higher on Fed pause expectations
Thursday, November 16, 2023

Nov 16 (Reuters) -Gold prices rose on Thursday as the U.S. Treasury yields edged lower, amid prospects that the Federal Reserve is done with its rate hike cycle.

Spot gold gained 0.3% to $1,965.08 per ounce, as of 1056 GMT. U.S. gold futures rose 0.2% to $1,967.70...[LINK]

Morning Call
Thursday, November 16, 2023

Good morning. The precious metals are higher in early U.S. trading.

Quote Board

U.S. calendar features Philly Fed Index, Import/Export Price Indexes, Initial Jobless Claims, Industrial Production, NAHB Housing Mkt Index, TIC Data.

FedSpeak due from Barr, Mester, Waller, Williams, & Cook.

Gold hits one-week high on expectations of Fed rate cuts
Wednesday, November 15, 2023

Nov 15 (Reuters) - Gold prices rose to a more than one-week high on Wednesday as the U.S. dollar and Treasury yields weakened after cooler inflation data boosted bets that a U.S rate cut might come sooner than earlier priced in by investors.

Spot gold rose 0.4% to $1,970.45 per ounce at 1224 GMT, after earlier touching its highest since Nov. 7. U.S. gold futures also gained 0.4% to $1,974.70...[LINK]

 
Morning Call
Wednesday, November 15, 2023
Good morning. The precious metals are higher in early U.S. trading.
 
Quote Board
 
U.S. calendar features Retail Sales (-0.2% exp), PPI (+0.1% exp), Empire State Index, Business Inventories, EIA Data.
 
FedSpeak due from Barr & Barkin.
Zaner Daily Precious Metals Commentary
Tuesday, November 14, 2023

The technical path of least resistance is down in gold with a series of lower highs and lower lows presenting bearish charts.

We also see the fundamental bias pointing down in gold and silver as a muted US CPI reading fosters a thin measure of long liquidation from long-suffering gold inflation bulls.

However, the bull camp hopes that muted inflation will spark talk of the end of the rate hike cycle and potentially provide a measure of misguided buying off talk of rate "cuts" next year...[MORE]

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