Source: By Haresh Menghani Silver catches fresh bids on Tuesday and rallies to the $24.00 neighbourhood. The technical setup favours bulls and supports prospects for additional gains. A break below the $22.80 confluence is needed to negate the positive outlook. Silver gains strong positive traction on Tuesday and rallies to a fresh daily high, back closer…
Source: By Sunshine Profits (Arkadiusz Sieron) Business activity declined sharply in December. It signals an upcoming recession – a time that suits gold particularly well. The economic downturn is gathering pace. The flash US PMI Composite Output Index came at 44.6 in December, down from 46.4 in November. It was the sharpest decline in business activity since May 2020, excluding the…
Source: By Bart Melek, Global Head of Commodity Strategy, TD Securities After over a decade scraping the bottom, 12-month gold lease rates have moved distinctively higher to trend above 50 bps, as US monetary policy started to tighten aggressively. With the Fed continuing to take rates higher in the face of sky-high inflation, real interest…
Source: | 12/19/2022 4:39:21 AM GMT | By Anil Panchal Silver price fades bounce off 10-DMA, grinds lower of late. 61.8% Fibonacci retracement level, impending bear cross on MACD favor sellers. Six-week-old ascending trend line acts as the key support. Silver price (XAG/USD) fade the previous day’s recovery to around $23.25 during early Monday. In doing so, the…
Source: By Lewis Jackson SYDNEY (Reuters) Australia’s A$200 billion ($134.28 billion) sovereign wealth fund is increasing exposure to gold, commodities, private equity and infrastructure as it warns the future will echo the low-growth, high-inflation era of the 1970s. By Lewis Jackson SYDNEY (Reuters) – Australia’s A$200 billion ($134.28 billion) sovereign wealth fund is increasing exposure…
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