Gold The Yellow Metal hit a fresh 12-month low this week, registering its fourth consecutive losing week, as the US Dollar rallied gathered pace. The moves came in response to the latest Federal Reserve FOMC meeting. Although the central bank kept rates unchanged as was widely expected, the accompanying statement registered a more hawkish shift...
Silver: Silver Tracks Gold Higher Silver prices tracked their golden counterpart higher this week as the market responded with slight disappointment to the Fed’s 0.25% rate increase. Silver prices had been under heavy selling pressure over recent weeks leading up to the rates meeting, but have since stabilized. Silver prices te...
Gold: Prices Rise on Weak USD & Increased Geopolitical Tensions The precious metals shot up in price this week, benefitting from US Dollar weakness as concerns grow over a potential US tax overhaul with US papers reporting that an important corporate tax cut being discussed, could be delayed by another year. The US Dollar has been stronger ...
Gold: Weaker US Dollar Keeps Gold Bid The price of gold remained positive this weeks as the market moved around a widely expected “unchanged” decision from the Fed. Convening for their November meeting, the FOMC judged that given the continued pace of economic momentum, which is deemed to be rising at a “solid pace”, it was appropriate to main...
Gold: Fed Hawkishness Weighs on Yellow Metal The yellow metal came under pressure this week as reports indicated that Republican senators are backing Stanford professor John Taylor to become the next President of the Federal Reserve. Taylor is viewed as a hawk who would likely normalise policy at a much faster rate which would weigh on the outl...
Gold: December US Rate Hike Expectations Weigh On Gold The yellow metal came under pressure this week as fresh comments from Fed members encouraged expectations of a December rate hike. Philadelphia Fed President Harker said that the Fed should “prudently move up to the neutral real rate as quickly as possible” noting that “very little slack” r...
Gold: Fed's Inflation Concern Fuels Gold Rally Following a decline which lasted four consecutive weeks, the price of Gold rebounded this week to recoup some of its losses, helped mostly by a weaker US Dollar. The release of the FOMC minutes sparked some covering of recent longs in the Dollar as they showed that many on the committee highlighted...
Gold: Gold Prices Fall Back As US Dollar Rebounds The US Dollar managed to further its recovery this week, weighing on gold prices. Gold prices had been rising steadily over the last two months fuelled by receding US December rate hike expectations and an increase in geopolitical tensions linked to the conflict between North Korea and the US. H...
Copper: Price Reverses After Hitting Fresh 3 Year Highs After a strong start to the week, printing further fresh 2017 highs, the red metal fell back over the latter part of the week as concerns around China fuelled profit taking. Driving the rally over the first half of the week was a report from the top global copper producer, Codelco, noting ...
Copper: Codelco Chairman Warns Against Rally Copper prices rallied for their fourth consecutive week this week, trading back up to levels not seen since mid-2014 and has risen nearly 50% against its price at this same time last year. Reuters reported that weekly stocks of copper in warehouses registered by the Shanghai Futures Exchange, had ri...
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