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Gold $2,624.43 $1.65 0.06% Silver $29.55 $0.04 0.14% Platinum $933.89 $7.29 0.79% Palladium $937.13 $21.14 2.31%
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Blog posts tagged with 'silver'

Zaner Daily Precious Metals Commentary
Tuesday, May 30, 2023
With another new high for the move in the dollar overnight, the slightly lower trade in gold and silver early was justified.
 
In today's action, we think gold and silver might have found psychological/even number values at $1950 and $23.00 respectively.
 
While there appears to be movement closer to a debt ceiling deal in Washington, the markets have been baking a deal into the cake over the past 2 weeks and a very neutral agreement will probably result in many markets turning their focus to other fundamental issues...[MORE]
 
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Gold fights back from 2-month lows as U.S. dollar slips
Tuesday, May 30, 2023

May 30 (Reuters) - Gold prices bounced back from their lowest level in more than two months on Tuesday as the dollar backtracked from highs, while lingering concerns over U.S. debt ceiling negotiations has kept investors on edge and rekindled demand for safe-haven bullion.

Spot gold rose 0.6% to $1,954.79 per ounce by 1045 GMT after hitting its lowest since March 17. U.S. gold futures were up 0.49% to $1,954.00...[LINK]

 
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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]

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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]

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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.
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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]

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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]
 
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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]
 
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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]

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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.

 

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