GLTR News and Press, Aberdeen Standard Physical Precious Metals Basket Shares From 06/17/23

2023-06-17 02:56:00 ET Summary There is a lot of concern around economic growth and historically we have found when there are periods of concern around the future of global growth, investors have turned to assets like gold. Outside of the very early 1971-1974 period, we haven't fo...

2023-06-15 23:00:00 ET Summary Gold broke trendline support (green) on Tuesday and backtested that support, now resistance, on Wednesday. Until Silver closes above 24.41, the risk remains down. The weekly chart also confirms that 24.41 is the level to break, as shown by the downtr...

2023-06-15 16:30:00 ET Summary China’s disappointing recovery following the COVID-19 reopening this spring has been the major reason for the declining commodities markets in May. The UBS Constant Maturity Commodity Index declined 5.78% and the Bloomberg Commodity Index decl...

2023-06-15 11:09:26 ET VanEck is bullish on gold ( XAUUSD:CUR ) as the exchange traded fund issuer makes the case for gold to reach $2,075/oz. At the moment, the precious metal trades near the $1,956/oz level which indicates that if VanEck were to be correct, gold has roughly a tops...

2023-06-15 02:10:00 ET Summary Geopolitical tensions, lower U.S. dollar exposure in EM and a possible U.S. recession drive our gold price target. We make the case for gold reaching $2,075 and maintaining a higher floor price. Gold has been in a bull market for over seven years...

2023-06-15 01:28:31 ET Summary This recent drop in inflation presented the FOMC with an opportunity to ‘pause’ its current rate hike policy. The question that we wrestle with is when do they pivot and decide that the interest rate level is as high as it is going to g...

2023-06-14 04:41:00 ET Summary Monetary policy in 2023 is akin to 2010 and 2019, two recent years, where similar policy shifts occurred. After the latest CPI inflation data that was printed on Tuesday, it appears highly unlikely that the Fed will hike the fed funds rate another 25...

2023-06-13 15:35:00 ET Summary Gold showed strength to start the month, climbing to a new yearly high of $2,063 per ounce on May 4. Gold breached the important $2,000 per ounce level on May 16. Gold seems to be forming a new base around the $1,900 level, averaging $1,933 per o...

2023-06-13 11:20:00 ET Summary The Shanghai International Gold Exchange (SGEI) is located in the Shanghai Free Trade Zone (SFTZ) to spur international gold trading in renminbi. The Shanghai International Gold Exchange can play a crucial role in de-dollarization, as it allows count...

2023-06-13 10:55:00 ET Summary There will be times when both gold and the SPX are rising in US$ terms, but it should be possible to tell the one that is in a genuine bull market because it will be the one that is relatively strong. For at least a decade, we have been monitoring th...