Browsing Tag

iron

Weekly Metals Wrap

Gold Gold prices have been slightly softer this week due mainly to a rebound in the US Dollar. Despite heavily delayed US news flow, due to the ongoing US government shutdown (now the longest in history), USD has managed to claim higher… Read More

Weekly Metals Wrap

Gold The yellow metal posted a third consecutive winning week as softness in the US Dollar kept price supported. USD has been left reeling in the wake of last week’s comments by Fed chairman Powell where Powell said the Fed will be… Read More

Weekly Metals Wrap

Gold The yellow metal had another bumper session this week, trading up to levels not seen since mid-2018, as the US Dollar weakened further. Despite the Fed having raised rates for a fourth time in 2018 at its last meeting in December,… Read More

Weekly Metals Wrap

Gold The yellow metal surged higher this week, despite initial weakness in response to the latest US interest rate increase. Following the initial reaction to the decision, the US Dollar softened as the market digested the lower revision… Read More

Weekly Metals Wrap

Gold After breaking out above the 1235 resistance level last week which has capped price over the past six months, gold prices retreated lower this week as the US Dollar pushed back up toward recent highs. US Dollar has come back into… Read More

Weekly Metals Wrap

Gold The yellow metal rallied this week, benefiting from weakness in the US Dollar to trade back to its highest levels since Q1 of the year. The weakness in the US Dollar was seen in response to Fed chairman Powell comments at the Economic… Read More

Weekly Metals Wrap

Gold After recovering from initial weakness seen earlier in the session, gold prices recovered to end the week broadly unchanged. The recovery was linked to weakness in the US Dollar which saw selling in response to dovish comments by Fed… Read More

Weekly Metals Wrap

Gold The yellow metal was eventually unchanged on the week, after making moves in both directions, as the market struggled to gain conviction. With USD having traded mildly stronger throughout this week’s trade, gold was found to be held… Read More

Weekly Metals Wrap

Gold The yellow metal managed to recover this week, trading up off initial weekly lows, to put in a positive week. The move was largely a response to the rally in the US Dollar which traded up to fresh 2018 highs this week on better than… Read More

Weekly Metals Wrap

Gold The yellow metal posted its second consecutive negative week as the resurgent US Dollar pushed gold down. The Dollar had initially been weaker at the start of this week’s session due to the outcome of the US mid-term elections which… Read More