Commerzbank are looking for another move higher in the gold price
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While gold posting strong gains on the day, on a week-by-week basis gold futures closed very close to its opening price on Monday. Even with today’s $20 gain gold futures remain range bound, although current pricing puts it at the top of that range. Silver is an example of a metal whose major industrial applications […]
Treasury Notes and Bonds.” That is why we created the “FX Rundown” covering the Dollar and other key currencies and now have launched the “Bond Breakdown.” Remember, if you can get the Bonds right and get the Dollar right, you can get many markets right. Silver had entered a “Value-Zone” sub $24/oz in March that […]
Just last week, we were talking about gold’s next target at its 200-day moving average at $1,850 an ounce. While gold remains an important long-term inflation hedge, it also faces short-term headwinds as the latest data puts pressure on the U.S. There is still no clear picture of the inflation outlook and the economic recovery […]
Gold has been trending higher since a daily double bottom at $1675 was reached at the end of March, trading in the upper range of a 9-month bullish descending channel. On Thursday, the gold market began to factor in more and more clues surfacing to suggest inflation will rise beyond what central banks expect to […]
– Analysts are still watching gold’s $1,850 level closely as inflation pressures start to heat. Analysts have said that gold is in a sweet spot as more investors look for an inflation hedge. central bank looking to hold the line on its monetary policy, Melek said that it is only a matter of time before […]
Dunn’s bullish outlook for gold comes as investors look for prices to push above its 200-day moving average, which comes in around the $1,850 level. central bank start to creep into the marketplace, he would expect to see significant volatility in equity markets. Those metals continue to see solid industrial demand and benefit from the […]