All articles tagged with #precious metals
Gold edged up to about $4,031/oz but is on track for its worst quarterly performance since Q2 2013 as a firmer dollar and expectations of U.S. rate hikes weigh on non-yielding bullion; it would need a break above $4,100 to suggest a bottom, with the metal down more than 11% in June and broader weakness across precious metals.
Gold prices moved lower in Asian trading, heading for a third straight weekly decline as the Fed’s hawkish outlook kept yields and the dollar firm, dampening bullion demand; spot gold traded around $4,135 an ounce and August futures near $4,152, with broader metals slipping as dollar strength weighed on demand.
Gold steadies around $4,250/oz after US initial jobless claims for the week ended June 13 came in at 226,000, in line with forecasts; spot gold dipped to about $4,240 earlier, with a four-week moving average of new claims at 223,250 and continuing claims at 1.81 million.
Gold jumped about 2% after officials announced a framework to end the US–Iran conflict, with spot gold around $4,304 per ounce and August futures up about 2%, as a softer dollar and lower oil prices reduced inflation worries and cooled bets on further U.S. rate hikes. Silver, platinum and palladium also gained, and analysts cautioned that gold’s strength will depend on how durable the peace deal proves to be.
Gold fell to a six-month low around $4,022 per troy ounce as Middle East tensions persist, US rate-rise expectations grow, and SpaceX's IPO looms, setting up what could be its worst quarter in almost a decade; ETF outflows and a shift from speculative buying to de-risking accompany ongoing central-bank sales, even as net central-bank buying remains.
Gold and silver prices slipped to two-month lows, continuing a downturn in precious metals as market sentiment shifted and demand cooled.
Silver futures jumped about 7% on Monday, marking their strongest daily move in months as investors flocked to safe-haven assets amid economic uncertainty and a softer dollar, lifting prices above key levels and fueling expectations of a broader rally in the metal.
Some red-state lawmakers are proposing laws to let people pay with gold and silver and to set up gold stockpiles, arguing it could hedge inflation; Georgia drafted such a bill, Utah already allows some gold-related measures, and similar efforts have surfaced in Arizona, Oklahoma, and Iowa. Proponents say it simply adds payment options, not a replacement for dollars, while critics note gold’s price volatility and that it is not true money.
Barron's technical analysis suggests silver could bottom around $60, with an entry near $61, before a potential rally toward $97.40 later in the year. The view comes after a drop from the mid-$80s to the mid-$60s and a 10-month monthly uptrend, with bearish RSI signals and high volatility keeping risk in check. If investors have conviction, volatility may present an entry point, per the analysis.
Gold futures rose briefly on Friday but were on track for their third straight weekly decline, pressured by higher energy costs, hawkish signals from the Federal Reserve, and a stronger U.S. dollar that makes non-yielding bullion less attractive.
Gold fell more than 1% in thin liquidity as a firmer dollar supported non-dollar priced bullion, with spot gold around $4,976/oz and US futures near $4,997/oz. Silver dropped about 2% and platinum/palladium also slid, as traders weighed mixed US data and expectations for Fed policy amid holiday closures in the US and Lunar New Year in Asia.
The newsletter describes the Fed’s shift from shrinking reserves to a gradual balance-sheet expansion (starting with about $40B/month and a baseline of $20–$25B/month) to maintain ample reserves and control rates, a milder form of stimulus that could mildly support asset prices. It explains the difference between QE and reserve-management purchases, outlines possible 2026 scenarios and shocks, analyzes Japan’s rising yields and potential yield-curve actions, and notes a volatile but enduring precious-metals trade alongside portfolio updates. Overall, policy is expected to be modestly supportive for assets while emphasizing valuations and diversification.
After a January spike—gold topping $5,300/oz and silver near $120—prices have stabilized in February, but local coin shops are feeling the squeeze as refinery backlogs slow processing and reduce cash flow; shops are limiting daily buys to manage risk while continuing to serve customers.
Gold remains firm after Friday’s historic metals sell-off, with many observers still expecting upside for gold; silver may experience more volatility. UBS cautions that the move reflects normal volatility within a continuing structural uptrend, not the end of the bull market.
Silver extended its volatility, sliding about 11% to around $78.3 per ounce as New York futures fell roughly 8% after a brief rebound; the move follows a near-30% drop last Friday and a record rally earlier in 2025. Analysts say speculative flows, leveraged positions and options-driven trading drove the swings rather than physical demand, with higher margin requirements amplifying the unwinds, while gold also declined about 2%.