(Bloomberg) — Investors continue to pile into gold as prices advanced for a fifth day, moving ever closer to the all-time high reached in 2011. A weaker dollar, negative real rates, worries over the economic cost of the pandemic and flaring political tensions have both gold and silver heading for their biggest annual gain in…
Press Release July 23, 2020 WASHINGTON – The impact of COVID-19 has resulted in the disruption of the supply channels of circulating coinage – the pennies, nickels, dimes, and quarters that the American people and businesses use in their day-to-day transactions. The United States Mint is part of the solution to this issue, but we…
LIQUIDITY IN ABUNDANCE WITH CROSS-ASSET CORRELATIONS ELEVATED As liquidity stemming from monetary and fiscal policy remains rife, cross-asset correlations are elevated, most notably this has been evidenced by the continued strong relationship between equity and FX markets. As market volatility drifts lower, high beta currencies have taken its cue from the pick-up in equities, which…
Silver faced resistance at $23.25 and pulled back closer to $22.50. Silver Pulls Back After The Major Upside Move Silver made another attempt to gain momentum above $23.00 but faced resistance at $23.25 and pulled back as the U.S. dollar started to rebound against a broad basket of currencies while gold gained some ground in…
Commerzbank technical analysis on gold is looking for it towards $2000: is on course for the 1921.50 September 2011 high there is room for an overshoot to the top of a 49-year channel at 1983.00 … our long-term target … should hold the initial test and provoke some profit taking Forays above 2000 are expected…
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