gold bar

Gold prices have pushed back a bit settling into a range of 1360 and 1350 since prices posted at high at 1375.29 on July 6th. On a more local level, the $1350 round number has seen prices consolidating strongly since July with no clear direction being established yet. Gold continues to remain a favorite for investors despite prices sitting prett...

2016-08-24 John Benjamin Read more
Gold_Precious metals

Summary: Gold prices post modest gains but price action seen flat Next week's Janet Yellen speech and US GDP revision will be the key catalyst for gold Markets doubtful of a September rate hike, as FOMC minutes, fail to provide any clarity NY Fed President Dudley maintains hawkish view on September rate hike Gold was trading f...

2016-08-19 John Benjamin Read more
BoJ

An image from one of the Bank of England gold vaults / Bank Of England (Flickr) Gold prices staged an impressive rally last week touching highs of 1375.29 on 6th July. The gains came as market sentiment briefly soured pushing investors to bid up the price of precious metal. As gold surged to a 2-year high, price has started to retreat just as...

2016-07-13 John Benjamin Read more
Gold_Precious metals

Weekly Gold technical and fundamental outlook: ETF inflows see’s a record increase Commercial position continues to add to net long positions (273k contracts) Brexit worry remains a key factor Markets, a bit complacent on Fed rate hike plans Weak long positions at/above $1350 at risk of a pullback $1300 could be the new flo...

2016-07-06 John Benjamin Read more
Gold prices

The precious metal was once again shining following last week's Brexit referendum vote. Prices in Spot gold briefly touched new 2016 highs of $1358.67 an ounce on June 24, 2016. However, prices retreated sharply off the new yearly highs to settle at $1317.32 an ounce on the day. The following day, spot gold prices remained flat resulting in a do...

2016-06-29 John Benjamin Read more
Gold

Gold prices might have posted a strong rally last week after prices briefly traded above the $1300 handle to post a new yearly high of 1315 but the failure to follow through from here is indicating a potential downside in the safe haven metal. The weekly Commitment of Traders report showed a record increase in the net long positions in gold. Th...

2016-06-22 John Benjamin Read more
gold prices_nuggets

Gold prices are showing no signs of downside weakness this week with prices resuming the rally from where they left off last week. Gold is now inching closer to the coveted $1300 level and looks to be supported by a variety of factors; from monetary policy outlook to geopolitical risks. Today's main risk event to watch out for will be the FOMC m...

2016-06-15 John Benjamin Read more
Precious metals_Gold

How much more can the gold rally sustain? On a year to date basis, the precious metal has carved for itself a unique distinction of gaining over 20%. A quick comparison of the US stock indices shows Gold's performance out beating every other asset. The rally in the commodity has sent gold mining stocks on a bullish run, with just about every an...

2016-05-18 John Benjamin Read more
Gold and Silver outlook

Momentum in gold cooled down after prices touched a 15-month high above $1300 last week. The large net long positioning on the CoT report shows traders are susceptible to a near-term correction in gold. Gold prices are moving into the second week of declines with prices this week posting a low of 1256.98, following last week's impressive run up...

2016-05-11 John Benjamin Read more