After another tough weak for the precious metals, here is a look at what the bullion banks are doing in the gold and silver markets.
Investing.com - The resolve of the gold bull is facing an all-new test with prices of the yellow metal breaking below $1,700 an ounce for a second day in a row after remarks on the U.S. economy by Federal Reserve Chairman Jay Powell sent bond yields and the dollar soaring. Gold
Gold – Gold decline on increasing U.S. share indexes (MENAFN) On Monday, Mar.1 as three key U.S. share indexes climbed, gold futures on the COMEX division of the New York Mercantile Exchange declined.
Although gold futures are trading off of today’s intraday lows, the most active April 2021 Comex contract lost approximately $6.80 (-0.9%) in trading and is currently fixed at $1722.
Gold – Whippy Bonds Leave their Mark – ShareCafe As bonds and currencies thrashed around last week commodities were left in disarray and on Friday sharp falls saw the big gains over the month were clipped at the very end.
Gold – COMEX Futures Tank After Sliding Below $1800 Mark GoldGoldCovid-19 concerns kept the demand limited for the metal.
The availability of silver is not the cause of the issue.It’s the availability of silver at current prices… Why can’t SLV source enough silver?Andrew Maguire explains why SLV can’t source enough silver bars to meet demand.
(Kitco News) - Gold futures prices are solidly lower again in early U.S. trading Friday and hit an eight-month low.
The likelihood of a “COMEX collapse” in March is extremely low.
While gold was flashing yellow, gold miners made a number of aggressive deals this week.Ron Macdonald, CEO of Zinc8 Energy Solutions (CSE:ZAIR), joined correspondent Paul Harris and Mining Audiences Manager Michael McCrae to record Kitco Roundtable podcast on Friday.
Gold Futures - Gold price Futures (GC) Technical Analysis – Testing Long-Term Support Zone with $1775.00 Setting the Tone
Gold are trading lower shortly before the New York opening on Friday, but trying to bounce back from a seventh-month low.The precious metal posted its sixth-straight lower-lower trading session as firmer Treasury yields drove investors away from the non-interest bearing asset.
Of all of the precious metals traded on the futures markets (gold, silver, platinum and palladium), it seems that platinum is in a group by itself as it has consistently risen for the last three consecutive weeks.
Copper exchange traded funds led the charge on Thursday as Chinese investors returned from a week-long Lunar New Year holiday and fanned the flames under the ongoing rally in the industrial metal.
Copper is the red nonferrous metal that's the building block for worldwide infrastructure. Copper trades on the CME’s COMEX division in the futures market and the London Metals Exchange’s forward market. Forward contracts offer settlements on all business days, so the LME attracts more producer and consumer activity making them more voluminous and liquid. Chile is the world’s leading copper-producing country. China is the demand side of the base metal’s equation. However, other nations produce the metal
KUALA LUMPUR (Feb 13): The gold futures market on Bursa Malaysia Derivatives is expected to trade lower in a tight range, taking the cue from the US COMEX gold futures, dealers said. A dealer said the US COMEX gold turned lower on Thursday, for the first time in the last five days as markets turned risk-averse even as Asian majors are on a holiday. He said moving forward traders will have to search for fresh risks, while analysing the US dollar moves, for market direction. Phillip Futures Sdn Bhd dealer Tan
Gold futures on the COMEX division of the New York Mercantile Exchange fell on Friday as investors sold gold ahead of a three-day holiday weekend with the Presidents’ Day falling on Monday. The most active gold contract for April delivery fell 3.6 U.S. dollars, or 0.2 percent, to close at 1,823.2 dollars per ounce. Gold was also under pressure as U.S. Treasury bonds remained near the highest levels since March 2020. The University of Michigan reported on Friday that its preliminary reading of consumer sentiment
If you are looking for a reason why silver was capped at $30 and declined… The latest from Ted Butler, via Silver Seek In the latest Commitment of Traders report (COT), the issue I have nearly beaten to death for decades – the concentrated short position in COMEX silver futures – took center stage to a degree that had me check and recheck the data. It seems the 4 largest shorts in COMEX silver doubled down and added more new shorts in the reporting week ended Tuesday than in any other week (save one) in
With the price of silver surging, there is no physical silver available in London, mining stocks are set to skyrocket, and look at what the public is doing. No Physical In London February 8 (King World News) – Alasdair Macleod out of London: “The silver price feels firm and there is no physical around. The only way to get physical is to buy Comex futures and stand for delivery. If the paper traders try to bash the price they will only end up more short.”… Nothing To See Here… Liz Ann Sonders, Chief
Silver futures and ETFs are gaining on Monday, as investors swoop in to buy at perceived bargains following significant losses last week. According to experts, there has also been some chart-based buying on technical analysis levels. “March silver futures bulls still have the overall near-term technical advantage and are working to restart a price uptrend on the daily chart. Silver bulls’ next upside price objective is closing prices above solid technical resistance at the February high of $30.25 an ounce.