• Precious Metals Monday 29-06-2020

    Gold Gold prices remain near highs at the start of the new weeks as market attention remains fixed on the growing fears of a second wave of COVID-19. Over the weekend, headlines and reports pertaining to rising infection rates in the US have created a weak risk environment on Monday, keeping gold bid just below […]

  • Precious Metals Monday 22-06-2020

    Gold The gold market started the week with a bid tone, as buyers drove a rally over the open in Asia. However, gains have started to reverse over the early European session on Monday with equities seeing a recovery rally. Equities price slipped on Friday, leading to a safe haven rally in gold, as investors […]

  • Precious Metals Monday 15-06-2020

    Gold The gold market has started the week under some mild selling pressure as the US Dollar continues to recover recent losses. Equities markets have been in freefall over reports highlighting the growing risk of a second wave of the virus in the US. While the safe-haven inflow from this risk off atmosphere would typically […]

  • Precious Metals Monday 08-06-2020

    Gold Gold prices are starting the week with a bid tone as price continues to recover off the 1668.91 level support tested last week. The man story for now is the dramatic rebound in the US jobs number seen on Friday. Following a record plunge of -20.5 million jobs in April, the market was expecting […]

  • Precious Metals Monday 01-06-2020

    Gold The gold market has seen fresh demand across recent sessions as investor attention shifts away from the post-lockdown recovery and onto emerging risk factors. Last week, relations between the US and China deteriorated further in the face of China’s newly approved National Security Law for Hong Kong. The law, which mark the first time […]

  • Precious Metals Monday 25-05-2020

    Gold Gold prices have seen renewed selling pressure over recent sessions following the breakout to fresh highs on the year last week which quickly reversed. The move above the 1747.15 level came with plenty of divergence on momentum studies and was short lived as both equities and the US dollar continue to see support, sapping […]

  • Precious Metals Monday 18-05-2020

    Gold The gold market has broken out to its highest levels since mid-2012 as the new trading week gets underway. A backdrop of stark, dovish warnings from central banks about the last downside impact of COVID-19 as well as increased uncertainty over US/China relations is creating strong safe-haven demand for gold. Last week, the chairman […]

  • Precious Metals Monday 11-05-2020

    Gold The gold market has started the week in neutral with price hugging the 1703.10 level support currently. Upside momentum has been lost amidst a backdrop of stronger equities prices and a stronger US Dollar. On Friday, the Non-Farm Payrolls report highlighted record weakness in the US labour market with the headline figure registering -20.5 […]

  • Precious Metals Monday 04-05-2020

    Gold The gold market has seen renewed buying this week due to the broader risk off tone seen across markets at the start of the week in response to increased tensions between the US and China. Following a series of controversial claims from the US last week, with Trump and Mike Pompeo accusing China of […]

  • Precious Metals Monday 27-04-2020

    Gold Gold prices remain supported just below the 2020 high as we kick off the new week. The key market item this week will be the FOMC meeting on Wednesday. The Fed is not expected to add to its sprawling list of programs at this stage, however, its language and outlook is likely to take […]

  • Precious Metals Monday 13-04-2020

    Gold The gold market has seen an impressive recovery rally over the last fortnight. Amidst a backdrop of ongoing, historic interventions from the Federal Reserve, gold prices have seen an acceleration in demand as US interest rate and inflation expectations fall through the floor. Along with slashing interest rates to just above zero (record low), […]

  • Precious Metals Monday 06-04-2020

    Gold Gold prices have seen renewed buying over recent session as safe haven flow have started to re-emerge. With US data weakness keeping US rate path expectations subdued throughout the end of 2020, and with equities markets stabilising, there is room for gold to continue to appreciate here. Gold had seen heavy selling earlier in […]

  • Precious Metals Monday 30-03-2020

    Gold The gold market saw a dramatic recovery last week, with price rallying almost 11% on the week. Price has now recovered more than 13% off the 2020 lows. Last week marked a shift in investor sentiment as asset price began recovering in the wake of the latest central bank easing announced last week. The […]

  • Precious Metals Monday 23-03-2020

    Gold Gold prices remain under pressure this week as the sell-off in global asset prices continues. Safe-haven demand for the US Dollar is dragging gold prices lower as investors move money out of other assets and into the greenback.  In the US, Congress is finalising plans for a $425 billion emergency relief package for the […]

  • Precious Metals Monday 16-03-2020

    Gold The gold market suffered a dramatic decline last week with price reversing from highs above $1700 an ounce to low $1500s an ounce. Gold bulls had been driving price higher as safe haven demand linked to COVID-19 helped keep the market supported. However, as the situation deteriorated further last week, gold prices came under […]