Market Updates

Spot gold traded US$10 per ounce higher on US CPI data, reaching a four-decade high. Though Au had a muted response to the high inflation numbers coming out of the US, largely because the US remains strong and real yields continue to rise. One economist says we may be nearing the peak…

Managed money positioning has declined in gold for the fourth week in a row, and gold-backed ETF inflows have eased. Gold is coming under pressure from rising real yields and falling crude prices, though it looks to have found support nearby…

Spot gold has struggled to move this week, though the yellow metal appears to be finding support around these levels. With the Fed ‘lift off’ underway, there is little noise to nudge gold in either direction. Futures positioning in gold has reduced for the third consecutive week, which contrasts with gold backed ETFs where inflows have increased.

The Russia-Ukraine conflict continues. This was unable to provide support to gold this week. US Treasury yields jumped as the Federal Reserve Bank raised rates, further dampening the enthusiasm for precious metals…

Spot gold traded above US$2,000 again this week, reaching an intra-week high of US$2,069. Ongoing conflict from Russia and inflation fears drove gold up…

Gold continues to rally amongst the Russian-Ukrainian conflict. The Australian Friday trading session has been an extremely volatile, with gold rallying to an intra-session high of US$1,951 on news of Russian shelling at a Ukrainian nuclear facility.

News of Russia’s first missile strike saw gold leap nearly 1% in five minutes, with the yellow metal extending to an intra-session high of US$1,974 shortly after Russia’s second missile assault. Gold is higher by 0.28% overall in the past seven days, however yesterday’s trading was extremely volatile.

Inflation didn’t move gold, but geopolitical tensions did. Gold’s rally this week has been driven higher on fear. Maintaining this seven-month high may be challenging unless institutional money flows into gold…

Spot gold reached its highest level overnight in two weeks as US inflation soared to a 40 year high. Fears of entrenched inflation in the US and a lack of promising signs in the recent US jobs data are leaving market watchers to speculate on just how aggressive the Federal Reserve Bank’s rate increases will be…

Gold has shrugged off the hawkish tone from the Federal Reserve Bank this week, with a handful of factors keeping gold elevated…

Gold broke above the past barrier of US$1,830s, touching the low US$1,840s overnight, pushed higher by three key factors, real rates, risk off mode and increasing geopolitical tensions…

Santa brings a gold rally: Gold popped overnight, up 0.26% to US$1,804 at the time of writing.

Gold’s leapt higher overnight in a surprising move. Some media outlets initially attributed gold’s rally to the Bank of England increasing rates (more below) however what the UK’s central bank does is unlikely to push gold higher…

Gold is clearly consolidating, after the November plunge it’s now hugging previous support. This is a positive sign.

The Federal Reserve Bank drops ‘transitory’ from their language, pushing gold down. Though the yellow metal appears to be consolidating and looking for support. This week we discover that two central banks unexpectedly increase their gold holdings, and inflation is starting to hit all corners of the markets…

After last week’s rally extending all the way up to an intraday high of US$1,877 last week, gold has pivoted at high speed and went straight back to familiar support at US$1,790s, down 3.13% for the week. Is this bad news? Perhaps not, says precious metal expert…

Gold pauses this week after last week’s rally. While the yellow metal did give the US$1,870 price level a nudge on Wednesday, it’s dipped back to US$1,859 at the time of writing, leaving us with a gain of 0.50%...but one expert says there’s room for the metal to run.

The world’s favourite precious metal did what it does best this week, rewarding patient investors with an incredible rally on the back of critical economic data. This news lifted precious metals across the board as investors turned to traditional safe haven assets. But it’s Australian gold investors that received the biggest gift…

The Australian dollar did a sharp U-turn during the week, falling from 75 US cents to 73.88 US cents at the time of writing. This 1.5% drop lifted the Australian gold price above AU$2,400 this week, taking it near AU$2,430 – a three week high.

Gold’s trading range continues to narrow. This week the yellow metal has barely moved US$30 per ounce. The good news is that gold has managed to hold onto some of last week’s momentum and the tight trading range may be a sign of consolidation plus its keeping gold above a key area of support…

Gold has broken higher and meets some pas resistance.
A strong move up this week. Perhaps it's time for some cautious optimism...

Another week of minimal price action. Gold continues to hug the key price level of US$1,750. The yellow metal appears reluctant to budge until the markets receive the US Nonfarm payroll data. The gold price may not be moving, but there are lots of people keen to snap up the precious metal at these levels…

We’re looking at our third rough week for the spot gold price. The US dollar continues to strengthen. The hawkish tone coming from the Federal Reserve Bank is snuffing out any gold rally, and the US markets are largely unconcerned about contagion from Chinese real estate developer Evergrande defaulting…

Fed lays out tapering schedule, All isn’t lost bulls,Outliers that may spark a gold rally, Gold versus the global money supply,

The yellow metal continues to demonstrate its sensitivity to the US economy, rather than emerging problems in the financial system. Gold’s dip overnight now puts the price in no man’s land. No major data is expected to nudge the metal in either direction. Don’t let short term price movements cloud your decisions though, as it appears gold outperforms in the long run…