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Silver

Metals Sink As USD Soars

Orbex Feb 5, 2021 2,414 0

Gold The gold market saw its biggest price move in around a month this week as sellers drove price down from highs of around 1875 at the start of the week to sub-1790 as of writing. The catalyst behind the move was the uptick in US…
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Fundamental Analysis

Silver Surges Higher on “Reddit Crowd”

Orbex Jan 29, 2021 609 0

Gold It's been a fairly uneventful week for gold traders. The market drifted gradually lower, but failed to find any real momentum. The resilience of the US dollar is having a dampening impact on gold, with traders keeping the greenback…
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Fundamental Analysis

Metals Break Higher on “Biden Bounce”

Orbex Jan 21, 2021 531 0

Gold The yellow metal surged higher over the last 24 hours in response to the swearing-in of the 46th president of the United States, Joe Biden. With Biden’s inauguration comes the expectation of a big shift in US policy towards more…
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Fundamental Analysis

Muted Moves in Metals Following Heavy Sell-Off

Orbex Jan 15, 2021 408 0

Gold Following the volatility last week as gold sold off in response to the USD, gold prices have had a much quieter week. The gold market has traded a very narrow range at the foot of last week’s decline, hugging the 1826.71 support.…
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Fundamental Analysis

Metals Rally Capped By USD Recovery

Orbex Jan 8, 2021 1,541 0

Gold Gold prices started the week on a positive note. However, they reversed lower midweek as the US dollar made a comeback. The greenback rallied in response to the Georgia run-off results. The election outcome removed political…
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Fundamental Analysis

US Stimulus Bill Caps Gold’s Upside

Orbex Dec 29, 2020 273 0

Gold Gold prices are trading mostly flat so far this week. Prices have reversed lower from initial highs posted on Monday. Price has turned lower in light of the strong rally taking place across equities markets in the final few days of…
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Fundamental Analysis

Metals Market Breaking Out on USD Collapse

Orbex Dec 18, 2020 868 0

Gold The fundamental battle being fought out in the gold market shifted this week. Recently, the optimism around COVID vaccines and the adjoining rally in risk assets had weighed on gold. In turn, this sent prices lower as the equities…
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Technical Analysis

Gold Rallies As USD Sell-Off Continues

Orbex Dec 4, 2020 599 0

Gold After seeing heavy selling over recent weeks, gold prices saw a resurgent demand this week. Price rallied off the 1764 lows to trade back up to around 1806 as of writing. The rise in gold prices this week is more a reflection of a…
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Trading Articles

Gold Breaks Below Major Support Level

Orbex Nov 27, 2020 543 0

Gold Gold prices have come under heavy selling pressure this week. The safe-haven asset broke below the 1862.07 level which has underpinned price action since July. The sell-off was fuelled by the continued risk-on move which is sweeping…
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Technical Analysis

Metals Jump on US Election Dynamics

Stavros Tousios Nov 6, 2020 408 0

Gold Surges to 5-Week High Gold rose this week after seeing its biggest gain in 5 weeks. The price of the precious metal reached a high of $1953 for the week ending November 6. However, the price action appeared to be a reflection of…
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