JJP News and Press, iPathA Series B Bloomberg Precious Metals Subindex Total Return ETN From 04/11/23

2023-04-11 03:52:21 ET Summary In January and February, central banks collectively bought a net 125 tonnes of the yellow metal, the highest amount for the year-to-date period since banks became net buyers in 2010. Net inflows into gold-backed ETFs turned positive in March after 10...

2023-04-10 09:32:46 ET Summary The Managing Director of the International Monetary Fund, Kristalina Georgieva, has warned of increasing vulnerabilities in the global economy as central banks continue to work on tackling stubbornly high inflation. The International Monetary Fund (I...

2023-04-08 00:35:00 ET Summary The US labor market is softening, but still remains tight and that should keep the door open for policymakers to raise rates again at the May 3rd policy meeting. The ECB accounts will be of interest considering recent events and the central bank ...

2023-04-07 14:08:00 ET Summary Gold rose by 9.2% during Q1, to US$1,980/oz, propelled by fears of an economic crisis and simmering geopolitical tensions. Gold closed 2022 in resilient fashion, buttressed by central banks and retail investors as rates and the US dollar soared. ...

2023-04-06 11:10:00 ET Summary US JOLTS Job Openings and Factory Orders both came in weaker than expected. The data raised concerns about a recession and thereby reduced the probability of further policy tightening from the Fed. Market participants appear not too concerned about t...

2023-04-06 10:20:00 ET Summary A gold revaluation account (GRA) is an accounting item that records unrealized gains (or losses) of gold assets. When the price of gold rises, gold assets increase in value and, concurrently, the GRA swells. The central bank of Curaçao and Saint...

2023-04-05 04:57:00 ET Summary The latest JOLTS job openings report showed a dramatic slowdown in the U.S. labor market. In early January, our 2023 "macrocast" projected a demonstrable economic slowdown and recession by summer. Breakout rallies in COMEX gold and silver are com...

2023-04-05 00:15:00 ET Summary Based on the latest Commitments of Traders (COT) report, the latest price action is potentially even more bullish than normal. Gold has had a very strong rally over the last few weeks. Total net open interest is still well below where it was last yea...

2023-04-04 13:45:00 ET Summary Not only is gold at a 52-week-high, but it is at the highest level since March 2022. The recent rally in gold has been significant but leaves it short of a critical resistance level to watch. While the post-pandemic highs have yet to be taken out...

2023-04-04 11:00:00 ET Summary Gold is set up to run in 2023. The market is setting up to break out in the coming weeks. Our next minor target is in the $2,200 region. I can't believe it has been almost 12 years since I began writing on Seeking Alpha. And, during tha...