-
By Jon Nadler |
November 27, 2012
While news that the euro zone had reached a deal on the next installment of aid for Greece initially pressured the US dollar and lifted gold and the euro a tad, its impact wore off relatively quickly and markets opened with a different tenor this morning.
-
By Ilya Spivak |
October 29, 2012
Commodity prices are facing selling pressure to start the trading week as worries about the impact of Hurricane Sandy on US economic activity spark broad-based risk aversion. Sentiment-anchored crude oil and copper prices are following shares lower.
-
By Richard (Rick) Mills |
October 1, 2012
Gold no longer has a legal role in the world’s monetary system, but because of a collapse of faith in sovereign obligations and a coming complete lack of trust in governments and financial institutions, gold is going to quickly become a core banking asset.
-
By Ilya Spivak |
September 25, 2012
Commodities corrected narrowly higher overnight after yesterday’s broad-based selloff. The spotlight turns to September’s US consumer confidence reading and the Richmond Federal Reserve manufacturing index.
-
By Ilya Spivak |
September 24, 2012
Commodities are facing broad-based selling pressure overnight as broad-based risk aversion grips financial markets. Growth-geared crude oil and copper prices are following Asian shares lower while gold and silver are facing de-facto selling pressure.
-
By Ilya Spivak |
August 27, 2012
Gold, silver and copper are treading water in European hours as markets wait for the first bit of stage-setting economic data ahead of Friday’s much-anticipated speech from Ben Bernanke at the Jackson Hole central bank symposium.
-
By Jon Nadler |
August 8, 2012
Metals markets opened the midweek session on the downside as the euro’s “Draghi Rally” fizzled out and the US dollar recovered to near 82.50 on the trade-weighted index. The common currency had rallied (and gold along with it) on the back of rising optimism.
-
By Ilya Spivak |
June 26, 2012
Commodity prices are little changed in early European trade but directional conviction may pick up as Wall Street comes online. All eyes are on the Richmond Fed gauge of manufacturing activity as traders hone in on June survey data.
-
By Ilya Spivak |
June 25, 2012
Commodities appear vulnerable after the Bank of International Settlements (BIS) said despite central banks being “cornered” into prolonging monetary stimulus, accommodative policies “have their limits” in its annual report.
-
By Ilya Spivak |
June 22, 2012
Commodities are on the upswing on European trade as profit-taking gently lifts risk assets following yesterday’s aggressive selloff, overshadowing headwinds from a disappointing German IFO reading.