Latest News and Articles
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Gold Market Report – April 22, 2024
Overnight Activity: An easing of geopolitical tensions over the weekend reversed gains in haven assets last night. Teheran played down the reported Israeli attacks in Isfahan, while Israel never confirmed the attacks. The US House also finally passed the long debated $95B aid package for Ukraine, Israel, and Taiwan, without Speaker Johnson being ousted from…
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Gold Market Report – April 19, 2024
Overnight Activity:Escalation turns into de-escalation Reports of explosions in Iran – and in particular close to one of its nuclear facilities in Isfahan – and that Israel was in the process of a retaliatory attack against Iran last night roiled markets. Later in the evening, markets reversed on news that the strikes were very limited,…
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Gold Market Report – April 17, 2024
Last Night’s Activity Gold remained choppy overnight as it traded between $2373 – $2395. It slipped to its $2373 low during Asian and early European hours against a firmer US dollar (DX from 106.26 – 106.44). The dollar was helped by Powell’s hawkishness yesterday continuing to resonate – which some analysts described as another pivot. …
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Gold Market Report – April 16, 2024
Last Night’s Activity Gold softened last night and declined in continued nervous and choppy px action in a range of $2391 – $2363. Gold slipped to its $2363 low during Asian and early European time, as it faded strength in the US dollar (DX to 106.44). The DX gained against: Gold rebounded to $2375 during…
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Gold Market Report – April 15, 2024
Last Night’s Activity Though the Iranian retaliatory drone and missile attack against Israel on Saturday was militarily ineffective, it did represent a significant escalation to the Israel – Hamas conflict (first time Israel was attacked by Iran directly in modern history). However, with markets priced Friday to expect worse, the largely telegraphed attack was viewed…
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Gold Market Report – April 10, 2024
Last Night’s Activity Gold retained it’s nervous and choppy tone (again, par for the course of a mkt at ATHs) last night trading between $2344 – $2360. It slipped to its $2344 low during Asian time against a modest uptick in the US dollar (DX up from 104.10 – 104.17). The dollar was lifted by:…
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Gold Market Report – April 09, 2024
Last Night’s Activity Gold continued to soar last night, making 8th straight sessions of all time highs and reaching $2365. Market tone remained nervous and choppy – to be expected of a market making ATHs – as it traded between $2338 – $2365. While gold has largely ignored a fairly firm dollar (which remains near…