Browsing Tag

iron

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

Weekly Metals Wrap

Gold Gold prices were down sharply over the first half of the week as the US Dollar rallied up to fresh 2018 highs. However, as the Dollar retreated from the lofty levels posted initially on the week, gold was able to recover some of its… Read More

Weekly Metals Wrap

Gold The yellow metal rose once again this week having now recovered around 6% from its mid-August year-to-date lows. The driver behind the recovery in gold has been the considerable decline in global equity prices which has extended to a… Read More

Weekly Metals Wrap

Gold The correlation between the US Dollar and gold broke down this week with the yellow metal posting its third consecutive weekly gain despite the rally in USD. Much of this dynamic is explained through the continued slide in equity… Read More

Weekly Metals Wrap

Gold The yellow metal was able to post a minor recovery this week, fuelled by a rise in safe haven demand seen in response to equity market weakness. The US Dollar fell lower this week, despite supportive commentary from Fed officials… Read More

Weekly Metals Wrap

Gold Gold prices were shunted lower this week as the US Dollar surged to fresh highs in response to the September FOMC and latest US data. At its September meeting, the Fed raised rates by a further 0.25% as expected while revising higher… Read More

Weekly Metals Wrap

Gold Gold prices were higher this week, taking their cues from a weaker US Dollar which softened in response to weaker than expected economic data along with the prospect of negotiation between the US and China over the ongoing trade… Read More