Browsing Tag

XAG

US Rate Cut Boosts Gold & Silver

Gold The yellow metal is ending the week firmly in the green, as of writing. Weakness in USD has created further demand for gold. Prices had been subdued earlier in the week due to improved risk sentiment in response to encouraging…

Volatile Week For Metals

Gold It’s been a volatile week for gold prices with strong moves in both directions. Prices traded up to just shy of last week’s multi-year highs, before closing back near the middle of the week’s range. Gold prices were initially…

Gold Rallies on Weak USD

Gold The yellow metal enjoyed another positive session this week. Gold extended the shallow recovery from last week as the US Dollar continued its sell-off. The greenback was shunted lower this week in response to the latest inflation data…

Weekly Metals Wrap

Gold The yellow metals conceded some of its recent gains this week, falling back despite a renewal in concerns around the health of the ongoing trade talks between the US and China. President Trump announced this week that he will not…

Weekly Metals Wrap

Gold The yellow metal posted a mildly bullish week with recent momentum hampered by selling kicking in, as the US Dollar strengthened. Despite the delay in data due to the ongoing US shutdown, readings have been largely positive, and USD…

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…