In a shortened trading week, and against a global background of rising bond yields gold and silver have continued to edge higher. This is an important change in investment thinking.Gold rose by $32 on the week to $2670, while silver rose by 21 cents to $30.12 on futures buying. Gold’s Open...
Read MoreThere are early signs that precious metals will rise along with the dollar and higher Treasury yields. But the transition to this way of thinking brings some short-term uncertainty with it.Gold and silver ended 2024 consolidating earlier gains. But the first few days of trading in 2025...
Read MoreGold and silver performed well in 2024. But what are the prospects for 2025?Gold rose and silver rose moderately in quiet trading during Christmas week. In early morning European trading today, spot gold was $2627, up $34 from last Friday’s close and silver at $29.70 was up 20 cents....
Read MoreStrong dollar and rising UST yields are destabilising GBP, EUR, JPY, and their bond markets. These are the precursor of a global debt crisis — the ideal setup for higher gold prices next year.Gold and silver declined further this week, after Jay Powell’s comments having cut the Fed Funds rate by...
Read MoreIn the last ten trading sessions on Comex, 62 tonnes of gold have been stood for delivery, and 1,303 tonnes of silver. What does this tell us?It was a week of two halves for gold and silver prices: rising strongly until Thursday when prices were smashed. In European trading this morning, gold...
Read MoreThere is an underlying firmness in precious metals prices as we approach the year-end. The downside now appears limited with next year looking bullish.Gold consolidated in a narrow trading range this week, while silver gained some ground. In early morning European trade, gold was $2642, $3 up...
Read MoreEvidence is mounting that the dollar’s recent strength has been a temporary phenomenon, which is positive for gold and silver.Gold and silver were in consolidating mode this Thanksgiving week following sharp falls on Monday. At Friday’s trading in Asia, gold was $2637, down $77 from last...
Read MoreA bear squeeze in progress for gold is set to drive prices higher. A catch up could prove explosive for silver, which is being left behind.Gold and silver diverged this week, with gold rallying strongly following the previous week’s fall. Silver’s recovery was more hesitant. In Asian...
Read MoreThe return of the carry trade is creating a dollar illusion. But rising US Treasury yields are threatening to destabilise the entire global credit system, ultimately for the benefit of physical gold.Against a background of a soaring dollar, gold and silver suffered a predictable shakeout....
Read MoreTrump’s win turned out to be a surprise for all markets and an opportunity for bullion banks to book substantial trading profits on the bear tack. But first reactions to shocks are often wrong.Gold and silver were hit hard when on the night of 5 November Donald Trump captured not just the...
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