Precious metals soar today on the back of central bank rhetoric while energies are lifted mildly by recovery in stocks. Gold surges to new record high of 1167.8 as St Louis Fed…
Tag: gold market
Another Central Bank Bought Gold from the IMF!
Bullion bulls take a breather after pushing gold above 1140 Monday. Currently trading at 1131, the Comex gold futures may edge lower later today as USD recovers. However, the pullback should not…
Industry Estimates Showed Huge Decline in Crude Inventory
Crude oil price climbed higher yesterday after the American Petroleum Institute reported huge decline in crude inventory last week. The benchmark contract added +0.3% to close 79.14. In Asian session today, price…
Crude Breaks Above 80 Again As Investors Speculate Pleasant Surprise from Energy Department
Crude oil rises above 80 (intra-day high: 80.23) in European morning. Investors are awaiting the EIA’s inventory report. As the market anticipates modest build in crude oil inventory, a surprising draw could…
Gold Extends Strength Above 1100 amid Worries about USD’s Reserve Currency Status
Gold price continues to rise to uncharted region on Monday. Currently trading at 1109.3, the benchmark contract is mainly buoyed by weakness in the dollar. Rajat Nag, managing director of Asian Development…
Silver Stock Report: The Tiny Gold Market
Silver Stock Report by Jason Hommel, October 9th, 2009 There is very little understanding of the relative size of the gold market, let alone the silver market. In the gold market, the…
Dollar’s Rebound Won’t Sustain as No Rate Hike from Fed Soon
Crude oil trades narrowly in European morning. As USD rebounds after Fed Chairman Ben Bernanke’s speech about policy tightening, commodities pare gains. In the energy complex, WTI crude oil pulls back to…
Gold Declines After the 5-day Rally. Correction Should Be Short-lived
Gold price rallied to 1062.7 before settling at 1056.3, +1.1%, as USD plummeted and crude oil soared. The yellow metal retreats to 1049 in Asia Friday, the first decline after surging for…
Crude Oil Recovers after the Plunge. Nr-term Outlook Remains Worrisome
WTI crude oil plummeted after a 2-day rally as petroleum product inventories increased more than expected. The benchmark contract slid -1.8% to close at 69.57. Others in the energy complex also dropped…
Towards Hyperinflation: A review of the gold market in the context of Western hyperinflation
In the light of the surge in the gold price in recent days, and the fact it has now held above $1,000 for some time, I wanted to share this new report…