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Hedge funds bearish on silver, neutral on gold
Momentum and interest in the gold market appear to be slowing as hedge funds reduce their overall exposure to the precious metal.
However, according to some analysts, the continued threat of inflation and growing economic uncertainty is helping to support gold prices. Read More
Gold's 5-year target can still be $5,000 as markets underestimate central banks' tightening risks – Quadriga Igneo fund
Gold is still capable of rising to $3,000-$5,000 an ounce in the next three to five years as markets underestimate the longer-term risks associated with the central bank monetary policy tightening after massive money printing, according to Quadriga Igneo fund.
This forecast comes from the fund's manager Diego Parrilla, who successfully predicted gold's record-high rise to $2,075.47 last year.
"Central bank money printing isn't really solving problems, it's delaying the problem," Parrilla told Bloomberg. "Gold will benefit purely from being a physical asset that you cannot print." Read More
Falling bond yields push spot gold prices back to 200-day moving average
The gold market has found a new bounce in its step, with the cash market retesting its 200-day moving average as bond yields continue to drop. Read More
How much gold & silver is actually in Tokyo 2020 Olympic medals?
It is no longer a secret that the Olympic gold medals don't contain a lot of the actual yellow metal. But how much gold do they have, and what about silver and bronze medals? Read More
Gold and silver move lower heading into the European open
Gold and silver have moved lower overnight. The yellow metal is trading -0.20% lower at $1809/oz while silver lost around -0.40% to trade at $25.29/oz. In the rest of the commodities complex, there is pretty much weakness across the board. Copper is -0.31% lower while spot WTI has also moved -0.68% in the red. Read More
The silver price is heading into a support area
Silver technicals are showing the silvers futures price is still in a downtrend on the 4-hour chart. The price has been making consistent lower highs and lower lows but found support at around $25/oz a few times now. Having said that, the price has dipped below to reach $24.51 and jumped back up on decent volume. Read More
Chinese gold output falls in H1
China’s H1 gold output dropped 10.18% to 152.75 tonnes, as production was affected by safety inspections following some coal mine accidents, the China Gold Association said on Tuesday. The eastern Shandong province reported two gold mine accidents in the first half, killing at least 16 people. Read More
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Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or other advice.
