Blog posts tagged with 'silver'

With the dollar forging a 3-day low early today the gold trade looks to have a modest cushion against the prospects of selling from official confirmation of a US rate hike later today.

At times yesterday, gold and silver prices diverged, with gold remaining consistently in favor in a possible sign of the entrenched flight to quality interest from both economic and political uncertainty.

In fact, news that Iran has seized an oil tanker in the Straits of Hormuz adds an additional measure of political uncertainty to the gold trade today...[MORE]

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Good morning. The #preciousmetals are mostly higher in early U.S. trading.

U.S. calendar features ADP Employment Survey, Services PMI & ISM, EIA Data, #FOMC Policy Statement (+25bps exp).

The gold market is showing very little direction this morning and is also exhibiting very little in the way of volatility. That is likely to change within the next 36 hours with the Fed decision tomorrow expected to set a near-term trend for prices.

However, we think the silver market will diverge from gold with classic physical commodity market fundamentals driving silver prices.

Unfortunately for the bull camp in gold, the dollar index appears to be poised to break out to the upside of a 3-week sideways consolidation pattern today perhaps because of signs of negotiating in Washington to avoid a government shutdown...[MORE]

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

U.S. calendar features Factory Orders (+1.3% exp), JOLTS Job Openings, Auto Sales.

2-day FOMC meeting begins.

(Reuters) - Gold prices eased on Monday as the U.S. dollar held firm, with cautious traders awaiting the Federal Reserve’s interest rate hike decision later this week.

Spot gold fell 0.5% to $1,980.78 per ounce by 0759 GMT. U.S. gold futures shed 0.5% to $1,989.20...[LINK]

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

U.S. calendar features Manufacturing PMI & ISM, Construction Spending.

Good morning. The #preciousmetls re higher in early U.S. trading.

U.S. calendar features Q1 Advance GDP (+2.1% exp.), Initial Jobless Claims, Pending Home Sales.

#gold #silver #platinum #palladium

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