Metals Rally On China Rate Cut

Gold Despite slightly higher US yields, gold prices were higher this week as on-going trade tensions between the US and China have kept the US Dollar penned in. Markets had been hopeful of calmer trading given the Chinese President Xi’s recent speech at the Bao forum, in which he said that the country would be more open regarding trade policies...

2018-04-24 James Harte Read more
Safe Haven Demand in Gold

Gold: Geopolitical Concerns Fuel Safe Haven Demand Gold prices rallied this week as the market saw a strong influx in safe haven demand due to rising geopolitical uncertainty. The escalation in tensions between the US and China due to Trump’s protectionist import tariffs and Beijing’s subsequent reciprocation has been a key focal point for mark...

2018-04-16 James Harte Read more
Metals Rocked As US Trade Sanctions

Gold: Chinese Trade Retaliation Fuels Safe Haven Demand The yellow metal saw a strong rally initially on the week as the market saw a strong safe haven bid on the back of news that China was retaliating against trade import tariffs imposed by the US.  President Trump recently announced a move to impose $60 billion worth of tariffs on Chinese im...

2018-04-10 James Harte Read more
Net Short JPY For The First Time Since 2016

Gold The yellow metal was able to reclaim some lost ground over the week benefiting from a weaker US Dollar which fell in response to the latest FOMC meeting. In a clear case of 'buy the rumour sell the news', the US Dollar fell despite the Fed raising rates and revising its economic forecast higher. The Fed raised its forecast for 2018 GDP gro...

2018-03-28 James Harte Read more
Metals Down Ahead of March FOMC

Gold: Hawkish Fed Expecations Weighing on Gold Over a week of relatively quiet trading, the yellow metal softened slightly as the US Dollar and US equities strengthened. Earlier in the week UC CPI printed in line with expectations rising 0.2% in February which kept the US Dollar supported and saw diminished demand for gold. Traders have been...

2018-03-23 James Harte Read more
Rate Hike Expectations Commodities Tumble

Gold: Fed Rate Hike Expectations Crush Gold The yellow metal tumbled this week as the US Dollar enjoyed a resurgent rally on Fed rate hike expectations. The uptick in global growth alongside stronger inflation has seen investors taking a more bullish shift on the US Dollar, expecting that the Fed will be forced to raise rates at a quicker pace ...

2018-03-23 James Harte Read more
commodities rally

Gold: US Treasury Comments Fuel Gold Rally The price of gold surged to fresh highs this week as part of the broad commodities rally, capitalising on US Dollar weakness seen in response to comments from the US Treasury Secretary, who said that a weaker USD is “good for trade”. Gold prices have been on a firm winning streak lately as the soft USD...

2018-03-20 James Harte Read more
Commodities Fall

With concerns mounting about supply levels, commodities fall overall, despite a weakened US dollar.   Gold: Weakens as Risk Appetite Strengthens Following five consecutive weeks of rallying, Gold prices slipped lower this week despite further USD weakness. Deteriorating impact from the Fed’s hiking cycle has seen the US Dollar losing v...

2018-01-25 James Harte Read more
CommoditiesWrap

Gold: Weaker US Dollar Keeps Gold Supported The price was  something of a proverbial roller coaster this week, caught between opposing forces of a weaker US Dollar providing support and a risk off environment fuelling supply. Despite the Fed being engaged in a hiking cycle, it seems that it is flows rather than rates which are having the most i...

2018-01-17 James Harte Read more