News and Commentaries

GOLD PRICE LOWERS DESPITE NEGATIVE MARKET REPORTS Today the price of Gold and other Precious Metals has moved down while the market waits for the U.S. Federal Reserve to announce its game plan later today. There are reports that show which way the Fed may be leaning. “In last month's (Fed) meeting everyone was keen on finding out just how much the Fed board was disc... Read More

FOMC EXPECTED TO STAY THE COURSE Precious Metals prices have dipped this morning as investors await a policy decision from the Federal Open Market Committee (FOMC) meeting, which will conclude today. After a string of mostly positive economic reports over the fall and winter, recent signs have suggested that the same dip experienced last spring and summer could be rep... Read More

GOLD CLOSES APRIL DOWN 7.8 PERCENT The Gold price was up again today adding to recent gains but is closing out its worst month since December 2011.  For the trading session, investors seemed reluctant to move much either up or down as they await a decision from the Fed and the ECB.  Richard Hastings, macro strategist at Global Hunter Securities... Read More

WALL STREET THINKS NO END OF QE TILL 2014 CNBC conducted a survey in April and 40 of the 46 Fed Survey respondents said they believe asset purchases by the U.S. central bank will continue into next year. Participants also said that as the economy remains week with the sequester taking effect they doubt cutting the deficit right now is the best idea. John Kattar of Ardent Asset Advisors said, "The economy is strugg... Read More

TWO-DAY FED MEETING BEGINS Gold and Silver prices gave up some gains in overnight trading, joining U.S. stock futures as mostly flat this morning.  Investors are waiting to hear the result of a two-day Federal Open Market Committee policy meeting this week.  Expectations for the meeting are for the Fed to continue w... Read More

ONE ANALYSIS SHOWS GOLD’S LONG-TERM OUTLOOK IS SOLID Precious Metals prices are on the rise today as the market anticipates this week the European Central Bank (ECB) will confirm their decision to reduce interest rates and the Federal Reserve will stay on course with its bond buying program for the U.S.  "Even as we think that Gold was in a bubble and prices could eventually come down, in the very near term with the FOMC (U.S. Federal Open Market C... Read More

WILL ECB CUT RATES? It’s been five years since the onset of the global financial crisis, and since then, economies have been conditioned to rely upon their central banks for stimulus. The eurozone is in recession, and momentum is building for the ECB to cut interest rates this week. If the bank does cut rates, it would be the first time since July 2012. If they don’t cut rates, a cut in June is almost a certainty. Read More

PHYSICAL BUYERS DRIVE GOLD MARKET After last week’s Gold and Silver prices hit a two year low, physical buyers jumped on the opportunity to buy at the reduced market pricing. That buying of Gold and Silver gave prices a boost this week. On Monday, the Gold price recovered some of the ground lost after last week’s major price drop as expectations for the metal remain positive among many investors. “As the price moved over $1,400 per ounce, physical traders, on the expectation... Read More

GOLD, SILVER REVERSE COURSE; EURO CRISIS SPREADING Gold and Silver prices took a sudden downward turn in morning trading. After Gold neared the intraday high of $1,484 per ounce, there is speculation that high volume day traders influenced such a drop. Analyst Chintan Karnani said, “The only reason is profit taking before the weekend and ... Read More

GDP MISSES MARK; GOLD ON TRACK FOR WEEKLY GAIN The Gold price spiked briefly this morning after the release of the first quarter U.S. gross domestic product (GDP) report. Economists expected to see 3.0 percent growth, and investors were disappointed with a 2.5 percent reading. U.S. stock futures added to losses on the news. One potential result of this report is the continuation of the U.S. Federal Rese... Read More

PRECIOUS METALS PRICES RECOVERING ON EUROPEAN CONCERNS Today Gold has seen its biggest gain of 2013 as the market anticipates the European Central Bank’s announcement of plans to cut interest rates.  “Rate cut speculation ahead of next week's ECB meeting and the prospect of continued ultra loose US monetary policy following more weak economic figures in ... Read More

GOLD GAINS; CONTINUED QE LIKELY Gold is once again on the rise as strong physical demand was underpinned by the speculation of continued ultra-loose global monetary policy.  Today’s two percent boost in the Gold price has driven the metal up enough to regain half of the ground it lost following last week’s considerable sell-off.  Sentiment surrounding the... Read More

GOLD RISES TO 10 DAY HIGH; PHYSICAL BUYING SURGES Gold climbed to its highest price in 10 days during overnight trading, hitting $1,447.66 an ounce. The increase is credited to a weaker dollar, firmer prices in other commodities and a ninth straight session of physical Precious Metals demand. Investors have also noted that Russian and Turkish central bank purchases, as... Read More

PHYSICAL DEMAND CONTINUES AS EARNINGS PROJECTIONS WAVER Gold continued to rise today as disappointing economic data prompted a surge in demand for both paper and physical Precious Metals.  As Gold is set to record losses of roughly 11 percent this month, many individuals remain undeterred as the old investment adage “buy low, sell high” has caused a Read More

GOLD MOVING UPWARD MID-WEEK The Gold price is moving toward its third gain in four days. One of the driving factors of the increase in the Gold price today is the U.S. durable goods report, which was lower than expected. “Overall, the weak tone of this report underscored the emerging narrative of a considerable slowing in economic growth momentum in Mar... Read More

PRECIOUS METALS BOOSTED BY DEMAND, ECONOMIC DATA Precious Metals prices are on the rise this morning thanks to strong physical demand. Also boosting Gold and Silver’s appeal were a couple of economic reports, starting with a weak reading in German business confidence, which signaled more troubles for the largest eurozone economy. A separate re... Read More

GOLD PRICE FINISHES LOWER DESPITE PHYSICAL DEMAND Gold and Silver prices fell today based on the strength of the U.S. dollar. "Gold is lower as well as other commodities, including crude oil and base metals, which fell after weaker than expected economic data out of China and Europe, which gave a boost to the dollar," Commerzbank analyst Carsten Fritsch said. Another reason for the fall is the continued selling of Gold exchange traded funds (ETF). Read More

IS GOLD UNDERVALUED COMPARED TO FIAT MONEY? Gold’s price movement over the past few weeks has the market questioning whether the bull run is over.  Compared to fiat money, the yellow metal continues to be undervalued, according to Hinde Capital CEO Ben Davies, who believes Gold has held its ground throughout history and is currently being pressured by paper money.  Author Detlev Schlichter said, " Read More

GOLD’S REBOUND ATTRIBUTED TO PHYSICAL DEMAND The Gold price is mostly flat in early morning trading, while Silver has given up yesterday’s gains. Monday was the third consecutive day of gains for Gold as the metal attempts to rebound from the sharp losses suffered thus far in April. Tocqueville Gold Fund Manager John Hathaway said, “... Read More

PHYSICAL DEMAND PUSHES GOLD ABOVE $1,400 Physical demand for Gold pushed the price up for the third session in a row to end today above $1,400 an ounce.  Gold’s rise was helped by data released Friday from the Commodity Futures Trading Commission that suggested many larger traders reduced their “short” bets that Gold prices would fall based on last we... Read More

GOLD BOOSTED BY PHYSICAL DEMAND The Gold price has recovered some of the ground lost after last week’s major price drop as expectations for the metal remain positive among many investors. “As the price moved over $1,400 U.S. dollars/ounce, physical traders, on the expectation that Gold could possibly correct back higher, rushed into Gold.” MKS Group Senior Vice President Frederic Panizzutti said. Read More

GOLD SHOWING SIGNS OF RECOVERY The Gold price rose on Monday in overnight trading due to strong physical buying support after last week’s fall to a two year low. However, exchange-traded funds are still uneven after being trimmed down to the lowest levels in three years. Citi analyst David Wilson said, "We've been seeing some fairly good buying from t... Read More

BUYERS REACT TO LOWER METAL PRICES This week Gold & Silver prices started in the same way it ended last week, moving lower. The price for Gold officially closed below $1,400 Monday, experiencing its largest one-day drop since February 1983. Prices for Silver, Platinum, and Palladium saw significant drops as well. Silver in particular ended at a two-year low in aftern... Read More

RETAIL DEMAND FOR GOLD SOARS AFTER DRASTIC PRICE DIP As Gold struggles to regain some of the ground it lost after suffering major losses earlier this week, individual investors are taking advantage of the price slump with a frenzy of physical bullion buying. "It's just like the sales after Christmas," said Nigel Moffatt, treasurer at Perth Mint. "Anything y... Read More

MARKET SHAKEUP AFFECTING STOCKS, GOLD Gold and Silver prices are still recovering from losses suffered early this week, though Precious Metals aren’t the only thing reeling from a market shakeup. Fawad Razaqzada of GFT Markets said that the Dow Jones Industrial Average is facing “its biggest weekly loss in almost a year, and some fu... Read More

GOLD TO REMAIN FIRM; SEQUESTER HELPING ECONOMY YET? The Gold price attempted to stabilize today as investors continue to purchase physical metals and sell off exchange-traded funds (ETFs). The SPDR Gold Trust ETF dropped to a three-year low as investors feel more confident with physical possession of the metal. “What we have seen so far has been a tremendous appetite in terms of physical demand f... Read More