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By Jon Nadler |
May 2, 2012
Gold spot prices opened with losses on the order of about $10 and near the support level that the $1,650 area is thought to be able to now offer. Silver dropped nearly 50 cents and started the midweek session out under the $30.50 mark per ounce.
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By Jon Nadler |
April 4, 2012
This morning, the meltdown continued in gold, but this time, unlike during yesterday’s after-hours electronic trading, silver and the noble metals joined gold and fell hard as well. Once again, the only green color to be seen was the net change in…the greenback.
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By Ilya Spivak |
April 4, 2012
Commodity prices are sinking as risk aversion grips financial markets after a relatively hawkish set of FOMC meeting minutes damped hopes that additional Fed stimulus would amplify demand in the world’s top economy.
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By Ilya Spivak |
March 7, 2012
A correction now appears underway, with most benchmark commodity prices following a cautious recovery in European stock exchanges higher. S&P 500 stock index futures are pointing upward as well, hinting more of the same is likely as Wall Street comes online.
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By Ilya Spivak |
February 1, 2012
The US Institute for Supply Management manufacturing report is in focus, with a pickup in manufacturing activity promising gains for the cycle-sensitive metal. A downside surprise would likely produce the opposite result.
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By Jon Nadler |
January 5, 2012
Gold prices fell back to under the $1,600 pivot point once again as US dollar strength combined with renewed jitters about Europe overcame the effects of geopolitical tensions arising out of the Iranian situation and sellers pressured commodities lower.
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By Jon Nadler |
November 2, 2011
Metals markets opened the midweek session on a positive note as players attempted to repair some of the damage that had been inflicted on Monday and Tuesday by the going-on in Europe and elsewhere.
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By Jon Nadler |
October 31, 2011
The second central bank currency market intervention in as many months sent the US dollar soaring and gold reeling overnight as market players rushed for various entry and exit doors to take advantage of the overt move.
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By Jon Nadler |
October 6, 2011
Precious metals markets opened "in the green" but gold parted company with the rest of the complex and headed a tad lower. Spot New York dealings opened with a loss of $4.60 for the yellow metal; bid-side was indicated at $1,638.00 the ounce.
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By Jon Nadler |
October 5, 2011
The carnage in certain commodities continued on Tuesday and some of the price-damaging selling sprees extended into this morning as well. A slightly lower dollar and a 3% recovery in crude oil did not lend assistance to the yellow metal this time.
