Gold Surges Over $1,500/oz as Investors Seek Shelter From Gathering Storm

Gold Surges Over $1,500/oz as Investors Seek Shelter From Gathering Storm

] FX – 1 Day Relative Performance (Finviz) via Bloomberg Gold futures rallied above $1,500 an ounce on sustained demand for the traditional haven as the U.S.-China trade war festers, global growth slows and central banks around the world ease monetary policy. The metal advanced as much as 1.3% to $1,503.30 an ounce on the … Read more

Perfect Storm for Precious Metals Leads to Price Correction

Perfect Storm for Precious Metals Leads to Price Correction

] Gold fell by nearly 6% yesterday and silver by a whopping 15%, the largest one day loss in over 7 years.  Gold Price Chart The futures market saw massive volumes of selling with over 1.6 bn ounces of silver contracts sold yesterday. That’s a value of over $40 billion.  Silver Price Chart But what’s … Read more

What Next for Markets as Storm Clouds Gather Over Washington?

What Next for Markets as Storm Clouds Gather Over Washington?

] Storm Clouds Forming Over the US Capitol Building in Washington DC President Donald Trump impeached again US Employment figures worse than expected New Covid19 strain anxiety grips markets Possible delays to stimulus to impact markets Biden addressed concerns re government deficits and growing debt levels Dominating the headlines today globally will be news that … Read more