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By Austin Kiddle |
October 26, 2012
The market appears to be concerned with the "D" word – deflation – but more central bank gold buying news cheered gold. Brazil added 1.7 tons in September while Turkey added 6.8 tons.The buying is expected to continue.
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By Eric Coffin |
October 4, 2012
Did we tell you or did we tell you? It’s a bit premature to claim bragging rights but the junior market has been trading exactly how we hoped it would. Ben Bernanke delivered the early Christmas presents gold bugs were dreaming of and the market tenor looks better.
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By Austin Kiddle |
August 29, 2012
Gold and the external risky markets adopted a more cautious tone before Bernanke's speech on Aug. 31 at the annual gathering of central bankers and finance ministers at Jackson Hole. Global economic data appear weak.
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By Jon Nadler |
August 21, 2012
A report by the Xinhua news agency appeared to indicate that the Chinese government might be preparing to stimulate the country’s economy soon. Commodities specs ran with this news and pushed gold to $1,640, silver to $29.35 per ounce, and crude oil to $97 per barrel.
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By Axel Merk |
August 8, 2012
Investors have not woken up to it, but last week may have been a game changer. European Central Bank (ECB) President Draghi took tail risks out of the euro zone, while at the same time forcing closer fiscal integration.
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By Jon Nadler |
August 1, 2012
Precious metals, crude oil, equity markets, and certain currencies spent the first trading days of this week basically treading water and fast-forwarding to the last three days of sessions; days from which market participants are hoping to be able to extract some benefit.
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By Axel Merk |
July 31, 2012
From what we see, central banks have been scared into holding gold since the onset of the financial crisis. Beyond that, we don’t see an active strategy at the ECB to keep its gold reserves at 15% of total assets.
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By Ben Traynor |
July 31, 2012
US dollar gold prices held above $1,620 an ounce Tuesday morning in London, while stocks and commodities were also broadly flat and major government bond prices ticked higher with markets looking ahead to key central bank policy decisions later in the week.
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By Jon Nadler |
June 6, 2012
Gold prices added over 1% ahead of the ECB rate-setting meeting this morning as the post US jobs data-sparked Friday rally continued to unfold. The gold market’s net speculative length is at or very near multi-year lows.
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By Ross Norman |
May 4, 2012
Gold futures dropped four days in a row by about 1.8% and ended at $1,634.80 on Thursday. The last time gold futures fell consecutively for four days was in December when the dollar surged and fear of European banking problems caused investors to rush to liquidity.