Browsing Tag

XAG

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 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

Weekly Metals Wrap

Gold Gold prices were softer this week, but only just, managing to rally up off initial lows on the week as the US Dollar traded lower. The weakness in USD came in response to a report that President Trump told the Wall Street Journal he… Read More

Weekly Commodities Wrap

Gold: Hawkish Powell Testimony Sends Gold Lower Gold prices continued lower this week, extending losses from the prior week as the market reacted to the first testimony from new Fed Chair Powell. Powell caused a wave of USD buying as he… Read More

Weekly Commodities Wrap

Gold: Fed Rate Hike Expectations Crush Gold The yellow metal tumbled this week as the US Dollar enjoyed a resurgent rally on Fed rate hike expectations. The uptick in global growth alongside stronger inflation has seen investors taking a… Read More