Gold Sentiment Outlook
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Global central banks have been snapping up record amounts of gold
Gold prices are higher and near the daily high in midday U.S. trading Tuesday, on modest safe-haven buying as the Israel-Hamas war continues to unfold with very uncertain consequences.
December gold was last up $9.40 at $1,873.70 and December silver was up $0.061 at $21.975.
The marketplace is keenly focused on the Middle East as Israel has…
Safe-haven demand is providing new bullish momentum for gold as investors react to Hamas' brutal attack on Israel on Saturday.
Although safe-haven demand has not provided consistent, long-term support for gold, some analysts note that an escalation of tensions in the Middle East is just the latest geopolitical factor that will continue to support the precious…
The US dollar is drifting lower in early trade as US yields slip, but the greenback’s technical outlook remains bullish for now. All eyes now are on Friday’s US Jobs Report.
Longer-dated US Treasury yields remain elevated but have given back a few basis points today after this week’s sharp rise. The supply/demand imbalance seen in longer-dated USTs…
Rising bond yields and bullish momentum in the U.S. dollar continue to weigh on broad commodity prices; however, despite the lackluster price action, one investment bank says that emerging global economic trends mean investors should hold copper, gold and silver in their portfolio.
In a recent interview with Kitco News, Robert Minter, director of ETF Investment Strategy at abrdn, said…
Risk-off flows dominated financial markets on Tuesday, with the US Dollar appreciating further against most major rivals. XAU/USD fell to $1,815.19, its lowest since early March, as investors fear additional rate hikes in the US.
On the one hand, different Federal Reserve (Fed) officials remarked on Monday that inflation remains too high and repeated at least one more…