Jul 2024
Gold's Intraday Highs and Market Movements: An In-Depth Analysis
New intraday record highs for gold last week but net unchanged over the periodGold’s rally from the start of the week to the peak of $2,483 was 3.1%Massive jump in gold outright Managed Money longs in the week to 16th July. Very toppyWhile silver’s move was insipid and followed by a slide of over 8% to three-week lowsAs last week, part of this may... Read more
Jul 2024
Gold above $2,400: Market trends, interest rate cuts and global economic influences
The psychological $2,400 level has been cleared againInflationary forces abating but likely still too high for the FedAs usual, silver posted the larger gains……but has retreated since, while gold is steadyPart of this may be technical as the ratio’s moving averages have turned bullishAnd another part is likely to be European and Chinese economic un... Read more
Jul 2024
Gold fixing 2.0: From traditional ritual to the digital era
Traditional gold fixing: Originally, the gold fixing took place in a magnificent room at the Rothschild banking house in London, where representatives of leading banks fixed the price of gold by raising and lowering flags.Historical significance: The gold fixing began in 1919 and served as the central method for determining the price of gold, which... Read more
Jul 2024
Bullion vs Numismatic Coins
There are two main categories when it comes to investing in precious metals coins: bullion and numismatics. Bullion coins are those which are valued based on their intrinsic metal content, while numismatic coins (in other words, collectible coins) are valued based on various intangible factors, such as age, rarity, design, and mint. If you’re unsu... Read more
Jul 2024
Gold and Silver Shine Amid US Labor Market Slowdown and Global Political Unrest
A change of range at last and an uptrend developingMore signs of a slowdown in the US labour market have boosted gold and silverAs usual, silver posted the larger gainsGold’s recent peak may be in sight as technicals turn positiveBut silver is overbought at $31 and needs to correctGold:silver ratio now below 77 – justETFs strong in the first week o... Read more
Jul 2024
What is the Cheapest Way to Buy Gold?
If you’d like to start investing in gold, it’s natural to want to find the cheapest way to do so. Buying gold at a good price can help you get more bang for your buck and maximize your investment. But finding the cheapest way to buy gold isn’t as simple as you might think. It involves juggling various factors, like fees, premiums, storage costs, an... Read more
Jul 2024
Gold Steady, Silver Faces Resistance: Post-Election Market Update
Gold still trading in a narrow range, cautious conditionsSupport still steady at $2,290, but little upward impetusSilver has found some technical support near $28.50 and is edging higher, but has Moving Average resistance at $29.10 and above The gold:silver ratio is meeting resistance at 80The key US inflation parameter – core PCE – was relatively... Read more
Jun 2024
What Drives Silver Prices?
Like gold, silver is an attractive investment that offers intrinsic value and a hedge against inflation. Unlike gold, however, its price isn’t just driven by its status as a precious metal but also by various external factors. Whether you’re a seasoned investor or new to the world of precious metals, understanding what drives silver prices can help... Read more
Jun 2024
Gold and Silver Trends Amid Economic Uncertainty and Central Bank Sentiment
Gold has now been trading around a horizontal axis in a range roughly $85 either side of $2,360 with solid support between $2,280 and $2,340; spot was most recently at $2,325Silver, having (as usual) outperformed to the upside, has been tracing a gradual downward course from its mid-May high of $32.52, standing last at $29.67Support at $29 is still... Read more
Jun 2024
Everything You Need to Know About Gold ETFs
Gold ETFs are a type of investment fund that holds gold-backed assets, such as physical billion or shares in gold mining companies. They allow investors to benefit when gold prices rise without having to actually buy physical gold. If you’re curious about this gold investment and how it works, in this article we share everything you need to know ab... Read more