Posts Tagged ‘gold prices’

In a week looking set to be all about the weakening U.S. dollar and plummeting oil prices, gold futures have regained ground to find themselves back at $1,100–an–ounce level on Monday.

Going Gold

Not entirely unrelated to the weakening greenback, the yellow metal gained 0.8% early this week to reach a high of over $1,105. Though this gain falls short of the $1,108.90 session high, it does continue the upward trend from last week where it gained a half percent. This is particularly promising for the yellow metal in a period where almost every other asset class has fallen victim to increased volatility.
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In recent news, it has been shown that mining prices have taken massive hits with some companies such as Anglo American down nearly 22 per cent since the start of trading this week. Such negative movements serve to underpin the fact that online commodity trading experts still feel that there is a glut in terms of supply versus demand.

In turn, both oil and gold have once again entered into a more bearish territory (if ever having left this region to begin with during the past few months).
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In the wake of the Paris terror attacks on Friday 13th November 2015, gold and oil prices rose while other markets such as travel and tourism-related stocks fell.

On Monday 16th November, the BBC reported that gold prices had risen by 1% since the attacks, while oil prices also rose as the market reacted to concerns about oil availability following the French air strikes in Syria.
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Following what can only be called a massive downturn during the past year, futures in oil have failed to emerge from their continual slide. This is the fourth straight session of losses and many online commodity trading experts point to the questionable data out of China as the primary cause.

Should the second-largest economy in the world prove to be waning in terms of energy demands, oil may very well be in for a rough ride in the weeks and months ahead.
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The US investment bank Morgan Stanley is concerned that the gold price is in decline and that the price of gold could fall as low as 800 dollars per ounce. News agency Bloomberg writes in an article that the bank believes that the time of high prices for precious metals is over and that a new era will begin with less price stability. (more…)

Much of the recent online trading news has centred around the falls that both gold and oil have taken in recent weeks. For commodity investors, it seems that the bears have indeed taken the stage. Gold has fallen to less than $1,100 dollars an ounce; the first time that this level has been seen since March of 2010. From an even more drastic perspective, this signals that it is no less than 40 per cent below its all-time peak that was reached in August of 2011. As historically always occurs, this dip has been seen to reflect more positive economic data emerging from the United States. Additionally, Federal Reserve chairman Janet Yellen hinted that interest rates are likely to rise during the remainder of 2015. (more…)

A Balancing Act?

The online commodity trading community has been carefully following the prices of oil during the past few months and some analysts believe that a slight price rise may be set for the near future.

Recently, it has been shown that stocks of crude in the United States fell for a fourth week in a row.

This was the primary cause of the rise of front-month Brent to $62.50 dollars a barrel (a gain of 40 cents).

Information released by the Energy Information Administration highlighted the fact that reserves within the United States fell by nearly 2.8 million barrels.
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Gold news

This morning online commodity traders woke to a fresh shock, another price drop in gold, a new four month low, completely wiping off all profits made in 2015. This was the seventh consecutive day of trading loss. Gold futures for April fell to $1,160.10.

Reasons for pressure on gold

The world economies are slowing, inflation is low, and gold has always been used as a hedge against rampant inflation.
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In the recent commodity trading news, is seems as if those allured by the profit of gold may be in for a disappointing return; at least for the short term.

As this benchmark indicator hints at other financial trends, recent developments in regards to housing sector data in the United States alongside a bullish dollar have caused the yellow metal to take a slightly bearish outlook.

Figures have shown that investor appetite is on the upswing; thus fueling their ability to enter into open trading positions. As always, the inverse relationship to the dollar is another reason for slight concern.
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People often turn to gold as a safe haven in times of economic turmoil, and recent developments have caused a spike in the price of this perennially popular commodity.

On Friday, a low US Non-Farm Payroll number and a flat unemployment rate caused stock prices to plummet, with the S&P 500, the Dow Jones and the Nasdaq 100 all taking a hit.

It appeared that people were taking refuge in gold, which saw its price rise above the $1,300 round figure.
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