• USD has reached a safe haven as the GBP and AUD future seems gloomy

    All GBP hopes seem to slowly die out as traders suspect that the International Monetary Fund (IMF) will run down the ideas of the UKs growth after leaving the European Union bloc.

  • Oil prices retreat after sharp selloff, greenback is under pressure ahead of NFP

    US Oil has dropped below $45 at its lowest point since May 11.

  • Gold dips to a $1,200 level, while greenback surges on Yellen

    Japanese Yen breached a 111.00 level in Asian session on Monday.

  • Precious Metals Monday 09-12-2019

    Gold The congestion in gold prices over recent weeks reflects the lack of clarity on the main factors impacting the gold market. US-Sino trade relations, as well as the outlook for the US Dollar continue to be the key themes to note for metals traders though investors have struggled to establish a strong bias in […]

  • Precious Metals Monday 06-01-2020

    Gold The near-term outlook for gold looks tilted towards higher prices in light of the worrying news last week of an escalation in tensions between the US and Iran. Following a much calmer period of relations between the two countries since last summer’s standoff over Iranian attacks on oil tankers in the Strait of Hormuz, […]

  • Precious Metals Monday 13-01-2020

    Gold With tensions between the US and Iran having dissipated over recent sessions, the new week has commenced with a firmly risk-on tone, seeing reduced safe-haven demand for gold.  The market is now focusing on the US-Sino trade deal which is due to be signed on Thursday in Washington. Following the signing of the deal, […]

  • Precious Metals Monday 21-10-2019

    Gold Gold has seen relatively subdued price action over recent sessions despite the big moves seen in USD. The recent patch of bad data out of the US continued last week with a disappointing Retail Sales number. Retail Sales were in negative territory over September, echoing the weakness seen in other key readings such as […]

  • Precious Metals Monday 29-10-2019

    Gold With a host of central bank rate decisions slated this week, it will be an important week for metals. In the US, the Federal Reserve is widely anticipated to reduce its headline rate by a further 25 basis points this week. If the Fed follows through on these expectations, this should support gold, seeing […]

  • Precious Metals Monday 20-01-2020

    Gold The gold market has given conflicting signals over recent weeks. Following a breakout to highs of 1611.39, not seen since early 2012, market reversed heavily over last week, trading lows of 1536, before reversing higher. The root of the fluctuations in the gold market has been the shifting situation with regard to the recent […]

  • Precious Metal Mondays 14-10-2019

    Gold Gold prices are currently struggling between cross-market forces as a weaker US dollar supported gold while improvements in the US-China trade landscape are leaning on gold. Precious metals have been closely tied to the dynamic US-Sino trade environment over recent months. The collapse of talks earlier in the year drove a large increase in […]

  • Precious Metals Monday 11-11-2019

    Gold The outlook for precious metals is evolving in light of the changing expectations for the path of the US dollar. Although the Federal Reserve pressed ahead with a further rate cut at its most recent meeting, Chairman Powell explained that the central bank would now be sitting on its hands while it assesses the […]

  • Precious Metals Monday 07-10-2019

    Gold Gold prices were higher last week as a combination of risk aversion and renewed Fed easing expectations drove inflows for the precious metal. US data last week highlighted concerning weakness in the US economy. The ISM manufacturing reading printed its lowest level of the last ten years over September, remaining in contractionary territory for […]

  • Precious Metals Monday 26-08-10

    Gold Gold prices have softened a little over early trading today, following an explosive move higher on Friday, in reaction to comments from Fed Chairman Powell. Speaking at the Jackson Hole Symposium, Powell kept further rate cuts firmly on the table, though noted that the Fed is limited in its ability to handle the negative […]

  • Precious Metals Monday 30-12-2019

    Gold On the back of recent moves, it is clear that gold prices will end 2019 well into positive figures. Currently around 15% higher on the year, gold is due to close out its best year since 2010. The rally in gold prices over the year has been in no small part due to the […]

  • Precious Metals Monday 18-11-2019

    Gold Precious metals begin the week under offer as gains in benchmark equities indices have seen reduced safe haven inflows. Optimism around the prospect of a US-Sino trade deal is keeping investor risk appetite well supported at the start of the new week. Over the weekend, negotiators held further talks in lieu of signing a […]