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Weekly metals wrap

US-Iran Fears Send Gold Soaring

Gold The yellow metal has had a strong start to the first week of 2020. Prices broke out above the 1522.75 level for the first time since September 2019. The move came on the back of a slide lower in both USD and US equities in response…

Is Gold At A Major Turning Point?

Gold The yellow metal ended the week lower as a resurgent US dollar weighed on price. Gold had initially been stronger in the week thanks to concerns over President Trump facing impeachment weighing on risk sentiment. Speaker of the…

USD Sell-Off Reverses Gold Losses

Gold Gold prices were initially down for a fourth consecutive week this week as improved risk appetite across the week dampened demand for the yellow metal. However, a weaker US dollar over the course of the week’s trading helped stem the…

Gold Rallies on Fresh Trade Tariffs

Gold The yellow metal was initially suffering a disappointing session this week. Gold racked up a second consecutive losing week as a resurgent US dollar held the price down. The USD rally in response to the FOMC was two-fold. Firstly,…

Silver Surges on China Trade Hopes

Gold With a heatwave hitting the European banking capital of London this week it seems that activity has ground to a halt. Gold prices saw a fairly subdued week of trading with price ending the session roughly unchanged from the open. Gold…

Gold Surges on Dovish Fed Comments

Gold The yellow metal exploded higher again this week, breaking to its strongest levels since mid-2013, as comments from Fed Williams sparked expectations of aggressive easing action. Few expected to see the New York Fed President…