• +1 (312) 549-9986

Gold $2,497.82 $1.4 0.06% Silver $27.96 $0.03 0.11% Platinum $926.62 $4.13 0.45% Palladium $921.60 $7.73 0.85%
RSS

Blog posts tagged with 'silver'

Zaner Daily Precious Metals Commentary
Friday, May 26, 2023

Even though August gold has recovered from a fresh low for the move overnight, the charts generally favor the bear camp.

According to some press outlets, gold is higher this morning because of a retrenchment in the dollar, but that retrenchment is insignificant early on with dollar charts retaining a bullish setup.

However, the parties to the debt ceiling negotiations appear to be so confident in their ability to strike a deal next week, that the President and Congress are leaving Washington for the holidays...[MORE]

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

Comments (0) details
Gold bounces as markets keep tabs on U.S. debt talks
Friday, May 26, 2023

May 26 (Reuters) - Gold prices edged up from two-month lows on Friday, helped by a dip in the U.S. dollar as traders assessed the progress of U.S. debt ceiling negotiations and the Federal Reserve’s rate hike path ahead.

Spot gold was up 0.7% to $1,953.03 per ounce at 1002 GMT, while U.S. gold futures were up 0.5% to $1,952.90...[LINK]

Comments (0) details
Morning Call
Thursday, May 25, 2023
Good morning. The precious metals are mixed in early U.S. trading.
U.S. calendar features Q1 GDP 2nd Report (+1.1% exp), Initial Jobless Claims, Chicago Fed National Activity Index, Pending Home Sales Index, FedSpeak from Collins.
Comments (0) details
Gold edges higher as traders eye US debt ceiling, Fed minutes
Wednesday, May 24, 2023
 

May 24 (Reuters) - Gold edged up on Wednesday as the looming debt ceiling deadline prompted some safe-haven flows, while traders waited to scrutinise minutes of the Federal Reserve’s recent policy meeting for guidance on U.S. interest rates.

Spot gold was up 0.3% to $1,981.46 per ounce by 1215 GMT, while U.S. gold futures gained 0.5% to $1,984.30...[LINK]

Comments (0) details
Zaner Daily Precious Metals Commentary
Wednesday, May 24, 2023
With the dollar seemingly poised to grind out more gains, US interest rates elevated and a significant outflow from gold ETF holdings of 23,917 ounces the bear camp holds an edge into the Wednesday US trade.
 
In addition to strength in the US dollar, the metals were also undermined by another upside breakout in US treasury yields yesterday.
 
In a positive development, Indian demand reportedly showed some improvement early this week following last week's washout...[MORE]
 
Please subscribe to receive the full report via email by clicking here.
Comments (0) details
Zaner Daily Precious Metals Commentary
Tuesday, May 23, 2023
Gold and silver prices remain on a liquidation watch, with silver breaking out down early and gold also nearing a downside breakout in the early going.
 
In addition to strength in the US dollar, the metals are also undermined by an upside breakout in US treasury yields.
 
Adding to the interest rate pressure on gold and silver prices are comments from the J.P. Morgan CEO who suggested investors should prepare for a 6.75% Fed funds rate...[MORE]
 
Please subscribe to receive the full report via email by clicking here.
Comments (0) details
Gold extends slide as U.S. dollar, yields gain upper hand
Tuesday, May 23, 2023

(Reuters) - Gold prices extended losses on Tuesday, pressured as the U.S. dollar and Treasury yields strengthened on rising bets for higher interest rates, while markets awaited to see if lawmakers could avoid a debt ceiling default.

Spot gold fell 0.5% to $1,958.96 per ounce by 1123 GMT while U.S. gold futures were down 0.9% to $1,959.60...[LINK]

Comments (0) details
Morning Call
Monday, May 22, 2023

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

Quote Board

U.S. calendar features FedSpeak from Bullard, Daly, & Bostic.

Canadian markets closed in observance of Victoria Day.

 

Comments (0) details
Morning Call
Friday, May 19, 2023

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

Quote Board

U.S. calendar features FedSpeak from Williams, Bowman, Powell, & former chair Bernanke.

Comments (0) details
Zaner Daily Precious Metals Commentary
Thursday, May 18, 2023

With a minimal higher high for the move in the dollar overnight, combined with residual hope of ongoing US debt ceiling negotiations, the bear camp in gold has the initial edge.

Apparently, the gold trade sees an ultimate solution to the US debt ceiling battle with the odds favoring an increase in the debt ceiling and little if any work on the deficit.

Furthermore, gold ETF holdings yesterday declined again this time by 68,837 ounces leaving the year-to-date gain at only 0.2%...[MORE]

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

Comments (0) details
Blog archive
Popular blog tags