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Gold Rebounds Toward $2,000 After Dollar Drops to Two-Year Low
BySirhcA worker plunges a gold ingot into a cooling bath at the Uralelectromed Copper Refinery, operated by Ural Mining and Metallurgical Co. (UMMC), in Verkhnyaya Pyshma, Russia, on Thursday, July 30, 2020. Gold surged to a fresh record Friday fueled by a weaker dollar and low interest rates. Silver headed for its best month since…
Fed’s Second 42-Day Repo Oversubscribed As Rising Repo Rate Confirms Year End Liquidity Rush
BySirhcZeroHedge by Tyler DurdenMon, 12/02/2019 – 08:33 One week after the Fed’s first 42-day term repo which for the first time allowed dealers to lock in funding into the new year and which was 2x oversubscribed, confirming a growing scramble for year-end funding, traders were keenly looking ahead to the result from today’s second 42-day repo…
Gold and Silver unlikely to outperform in the coming months – HSBC
BySirhcSource: 12/30/2022 2:04:35 PM GMT | By FXStreet Insights Team Strategists at HSBC remain neutral on Gold and Silver as they see muted momentum. Higher rates and real bond yields create a competitive disadvantage for Gold “Despite the recent bounce in commodity prices, we do not expect Gold and Silver to outperform in the coming months.” “USD’s…
Gamestop = Tech Bubble 2.0, Are You Ready For What’s Coming?
BySirhcStocks have entered a kind of speculative frenzy. You’ve no doubt heard or read about Gamestop (GME) the bricks and mortar video game retailer. The company has been in trouble for months, failing to turn a profit since 2018. And this is happening despite revenues growing. Because of this, hedge funds have taken MASSIVE short positions in…
Why Physical Gold Delivery on the COMEX in New York is Elevated
BySirhcThree elements cause physical delivery on the COMEX to have reached record highs this year: strong demand for futures in New York, a persisting spread between the price of futures in New York versus spot gold in London, and arbitrage. Read More
Gold on Track for Best Week in Seven
BySirhcRPMEX: January 10, 2025 Gold prices are on course for their strongest week in seven, hitting a four-week high on Friday. This uptick is driven by growing safe-haven demand amid heightened uncertainty surrounding the policies of the incoming administration. Recent economic data has revealed significant job growth in December, with nonfarm payrolls rising by 256,000,…