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2023-08-02 12:00:00 ET Summary Q2 gold demand (excluding OTC) dropped slightly by 2% y/y to 921t, driven by a marked deceleration in net central bank buying compared to above-average purchases in Q2’22. Inclusive of OTC and stock flows, total demand strengthened 7% y/y to 1...
2023-08-02 03:55:00 ET Summary In our 2023 macrocast, we forecast that the COMEX precious metals were likely to tread sideways through the first half of the year and then rally in the second half. As July ends and August begins, it appears that the expected second half rally has b...
2023-08-01 18:50:25 ET Precious metals miners were one of Tuesday's weakest performing stock groups, falling with gold and silver prices as the dollar firmed and U.S. Treasury yields moved higher through the yield curve. The 30-year yield jumped 9 bps to 4.10%, the highest since Novem...
2023-08-01 04:12:00 ET Summary Although most of us were focused on the Fed and the ECB commentaries this week, neither provided anything new or unexpected. Gold is down 1.4% to 1945, just above support at 1940. Silver is down 3.1% to 24.30, just above support at 24-24.20. Unle...
2023-07-31 19:25:15 ET Gold futures closed Monday at the highest level since May and tallied their best month since March, boosted by a weaker U.S. dollar and hopes the cycle of central bank interest rate hikes is near an end. Front-month Comex gold ( XAUUSD:CUR ) for August del...
2023-07-31 07:53:21 ET Summary The US dollar's decline has accelerated recently due to investors lowering their expectations for interest rate hikes. The US Dollar Index, which tracks the dollar against other major currencies, has dropped 3% year-to-date and 10% since September. ...
2023-07-27 22:50:00 ET Summary Central banks bought a staggering $70 billion of gold in 2022 – the most since 1950 – as heightened macroeconomic and geopolitical uncertainty drove governments to accumulate gold. Central banks buy the world’s “favorite s...
2023-07-26 17:50:17 ET Gold prices extended gains Wednesday after the Federal Reserve delivered a widely expected quarter percentage point interest rate hike to a 5.25%-5.5% range while also leaving the door open for potential additional increases. Roughly two hours after the Fed announ...
2023-07-25 20:40:00 ET Summary I recently suggested that gold might have bottomed ahead of schedule. Subsequent market action has made that more questionable, but still likely. I made a fairly bold call in this publication awhile back when I said that gold appeared to have bottome...
2023-07-25 10:40:00 ET Summary The price of the world’s favorite precious metal remains near its upper range of the past three years, but for gold bulls this is disappointing. Using the 10-year inflation indexed Treasury (TIPS) as a proxy for the real yield with a measure o...
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2024-04-21 21:34:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-03-12 21:44:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-03-05 09:45:02 ET SSgA SPDR Gold Shares (GLD) GLD is trading UP for the last 5 days, and it at trading at $197.37 with volume of 3,685,303 and a one day change of $1.36 (0.69%). SSgA SPDR Gold Shares has a 52-week low of 168.30 and a 52-week high of $196.33. The business's 50-d...