Gold touched the highest levels of the month today, climbing $16 to $1305. The war of words in Eastern Ukraine is escalating and talk/fear of a true Russian invasion is on the tip of everyone’s tongue. If Russian soldiers truly … Continue reading
The strong ISM/factory orders data gave took a coat of gloss off the shiny stuff and we saw a dip down to 1282.59 but bids reported at 1275-80 and the re-appearance of USD sellers has seen a small bounce to … Continue reading
Gold hasn’t been able to take advantage of a safe-haven bid or the continued dovish tone from the Fed. Prices are down $13 today to $1283 and trading below the 200-day moving average for the first time since June 19. … Continue reading
Gold prices quickly reversed after the US stock market open. A large volume of gold trading is via ETFs now and the timing of the fall suggests that was the culprit. There hasn’t been much fundamental news. Yesterday, gold producers … Continue reading
Gold prices have been volatile as they flirt with the major moving averages. My latest thoughts on gold are here.
Gold prices fell to a one-month low at $1287 yesterday but what was important was the close. Gold rebounded late in the day for a close above the 55-day moving average and the July low. It’s something I warned about … Continue reading
Gold prices are down $15 to $1289 today in third day of declines. The fall knocks out support from the July low of $1292, the 55-day moving average at $1293 and the 50% retracement of the June-July rally at $1293. … Continue reading
The price of gold has risen more than $20 since the first reports that a plane was shot down in Ukraine by a surface-to-air missile, killing 295 passengers and 15 crew. Gold, bonds and the yen are the traditional safe … Continue reading
Mike had the broader news earlier and LGMF Ltd has just confirmed that they will be using a third party who will be responsible for administration of the gold fix.
Forex headlines for July 14, 2014: ECB’s Draghi repeats that risks to the economic outlook are on the downside Draghi repeats: ECB ready to use unconventional tools within mandate if needed Draghi: QE falls squarely within our mandate IMF says … Continue reading