Precious metals came under pressure last week, as buying following the previous week’s Federal Reserve interest rate decision subsided. For the week, gold was lower by $14 or 1.1% to close at $1,298 as of the final trade on the New York COMEX futures market on Friday afternoon. The weakness […]
Weekly Market Analysis
Fed Pauses – Gold Advances
Takeaways from Wednesday’s Meeting We see four key takeaways from Wednesday’s Federal Reserve meeting in Washington D.C.: The Fed did not raise short-term interest rates, as anticipated. The rate now remains defined as a range between 2.25% – 2.50%. The central bank is thus officially in “pause mode” on its […]
All Eyes on the Federal Reserve This Week
The Federal Reserve holds its once-per-six-week meeting this Tuesday and Wednesday, March 19 – 20. The Fed’s decision on interest rate and monetary policy is due in an official announcement Wednesday at 2pm EST. The upcoming decision is viewed by market participants as being more important than usual. Due to […]
Japanese Yen Signals Warning for Gold
One of the key metrics we use for gold forecasting is again flashing a warning signal. We are referring here to the Japanese yen and its relationship with gold, as the correlation between these two asset classes has been incredibly strong for the last eight years and counting. The best […]
Gold Falls – Where Will It Find Support?
The declines in gold and silver this week fit in line with our expectation that the rallies since August were due to correct. Further declines are expected over the months ahead. However, just as gold did not advance in a straight line over the past six months. Neither will it […]