PBUG News and Press, Barclays Bank PLC ZC SP ETN PERPETUAL USD From 07/28/22

As the gold price fell in Q2, gold ETFs lost 39t, giving back some of the strong Q1 gains. Central banks continued to buy gold. Recycling activity remained elevated compared with 2021. Gold demand softened in Q2 Despite Q2 weakness, strong first quarter ETF inflows...

Since Q1 came in at -1.6%, any negative print this Thursday will place the U.S. economy "officially" into recession. Longer-term notes and bonds are rallying with yields falling. The U.S. economy has slipped - or is slipping - into a prolonged period of economic stagflation. ...

Gold is a highly unpopular asset right now as far as its spot price on the "paper" market is concerned. The monetary policies of many central banks, including the Fed, are restrictive. The USD is trading high, whilst many analysts predict a recession is near. But this recession is...

Gold fell through the trap door at $1,800 and tested $1,680 last week. Has a bottom been found? Similar to gold, silver fell through several levels of strong support which turns all of those into resistance. Until the miners can gain traction and start powering higher, momentum in...

Looking at dollar delivery volume for July shows that this month is now the largest July ever. Unlike gold, the house accounts are net receivers of metal so far this month and BofA has delivered out a mere 97 total contracts. The Fed knows the economy cannot take much more tighten...

Despite being extremely oversold following a 2-year sell-off, Gold could still break 1675 to complete its correction. Given the pounding that Silver has endured relative to Gold, it may have already bottomed out courtesy of multiple positive divergences. Beyond extreme oversold wi...

Gold’s performance was driven by a combination of rising inflation, geopolitical risks, and a weaker yen. Bond yields in Japan may remain capped. Global growth slowdown and local economic pressure may finally translate into higher financial market volatilities. Wh...

There has been a dramatic fall in Treasury yields in the past month and an equally dramatic fall in energy, metals, and agricultural commodities. The Ukraine situation holds many unknowns, as it is a major driver of financial markets and there is no end in sight as to when the fightin...

King Dollar has made epic gains on a number of world currencies this year as the U.S. has embarked on an aggressive monetary tightening cycle to control inflation. Among the biggest victims of King Dollar’s strength is gold, which, like most commodities, is priced in the greenb...

My call for a 2020 top in gold was right. The price of gold is now testing a big support level. What are the catalysts for a drop to $1,400? There will be no hyperinflation. Back in April 2020, I said that the price of gold (XAUUSD:CUR) 'could be setting up for a...