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Platinum at 14-Year Low, All Precious Metals Tumble: What’s Next?
After witnessing a rebound on Friday, precious metals fell again on Monday, July 2. Gold fell 0.88% to close at $1,242 per ounce.
Looking at the Spread between Gold and Silver
The gold-silver spread is 77, indicating that it takes ~77 ounces of silver to buy one ounce of gold. In May, this spread stood at 78.
Reading the Gold-Palladium Ratio
Whereas palladium has been the strongest among the four precious metals over the last month, it has fallen 7.2% year-to-date, possibly due lower car demand in China.
Is Palladium Losing Strength against Gold?
Palladium has been the weakest among the four precious metals on a YTD (year-to-date) basis.
Gold and Dollar Moved Together on Wednesday
A crucial factor that continues to affect gold is the US dollar.
How Precious Metals and Miners Moving in April?
Precious metals had another up day as gold futures for April expiration rose 0.48% on Friday, April 13, closing at $1,344.80 per ounce.
US Inflation Rises: How Will It Impact Gold Prices?
According to the US Bureau of Labor Statistics, the US consumer price index (or CPI) rose 2.4% year-over-year (or YoY) in March 2018.
Are US-China Jitters Affecting Precious Metals?
Gold futures for April expiration were trading at $1,336.3 an ounce on Monday, April 9.
Finger on the Pulse: Miners’ Correlation in April so Far
In this part of our series, we’ll analyze the correlation between gold and four mining stocks: Hecla Mining (HL), Kinross Gold (KGC), Eldorado Gold, (KGC), and Alacer Gold (ASR).
How the Dollar’s Movement Is Impacting Precious Metals
A crucial factor that continues to affect gold is the US dollar.
Will Gold Keep Reacting to US-China Trade War Jitters?
The rise in gold on Wednesday was most likely due to the ongoing unrest in markets due to concerns about the US-China trade war.
Is an Uptick in Inflation on the Way, Supporting Gold?
The most recent data for the US Consumer Price Index (or CPI) was weaker than expected.
US Inflation Softens, Gold Still Has Drivers to the Upside
As per the U.S. Bureau of Labor Statistics, the US Consumer Price Index (or CPI) rose 0.2% in February, compared to a 0.5% rise in January 2018.
Can Gold Keep Shining with Trade War Fears?
On March 22, US president Trump signed a memorandum that could impose tariffs on $60 billion of imports from China.
What Drove Gold and Silver Upward?
The two most critical precious metals, gold and silver, rose on March 23, rising 1.4% and 1% in spot markets.
Analyzing the Volatility in Precious Metals Mining Companies
With more interest rate hikes likely to come in 2018, analysts expect precious metals and miners to underperform.
How Trade War Fears Could Move Precious Metals
All four precious metals saw a down day on Monday, March 5. Gold, silver, platinum, and palladium were down 0.23%, 0.33%, 0.31%, and 0.81%, respectively.
How Is Gold Moving in Relation to the US Dollar?
All four precious metals witnessed an up day on Thursday, February 22, 2018.
Analyzing Miners’ Performance in February 2018
Among the four miners that we’re discussing, New Gold and Sibanye Gold have a YTD loss of 13.7% and 7.7%, respectively.
Will Gold’s Inflation Hedge See It through 2018?
The Fed has long been expecting inflation to pick up. Its targeted 2% inflation rate has been eluding it for more than five years, but the latest US jobs report indicates that inflation could finally get a boost.
Did the Dollar Rebound Affect Precious Metals and Miners?
Monday, January 29, 2018, was a down day for all four precious metals. Gold, silver, platinum, and palladium fell 0.73%, 1.5%, 0.35%, and 0.42%, respectively.
Could Inflationary Pressure Drive Gold Higher?
Global world equities, tracked by the MSCI ACWI ETF (ACWI), increased ~7.6% since the beginning of 2018.
Could Bitcoin Be the New Gold?
Many analysts assume that the rise in gold’s price last week may have been supported by the tailwinds that caused the cryptocurrency market (ARKW) to slump, with Bitcoin correcting almost 30%.
Is Gold Keeping Tabs on the US Interest Rate?
As we know, precious metals are closely tied to movements in US interest rates. Bonds and equities are both yield-bearing assets, so a rise in yields often causes a slump in demand for assets such as gold and silver.
Interest Rate versus Gold: Interest Rate Wins Again
Gold is a non-yield bearing asset that reacts negatively to rises in the interest rate.
How the Gold-Palladium Spread Is Moving Lately
Palladium has been the winner among the four precious metals, having skyrocketed a whopping 57% on a YTD (year-to-date) basis in 2017 as of December 27.
How the Dollar and Gold Moved in December
Gold and the US dollar are mostly inversely related to each other.
All 4 Precious Metals Rose on December 20, 2017
All four precious metals had an up day on December 20, 2017. Gold increased 0.43% on the day and closed at $1,267.80 per ounce.
Fed Hikes Interest Rate, Precious Metals Rebound: What’s Ahead?
Precious metals rebounded after the Fed increased the interest rate on December 13.
The US Dollar Fell 0.71% on December 13 as Gold Rose 0.57%
The US dollar (UUP) fell 0.71% on December 13—the day the Federal Reserve raised interest rates a quarter point to 1.25%–1.50%.
Waiting for the Fed’s Decision: The Reaction of Precious Metals
Although the US dollar has been the most important element contributing to changes in precious metals, the upcoming December meeting of the Federal Reserve has taken all of investors’ attention.
Reading the Reaction of Gold in Terms of the Dollar
If we look at the performances of precious metals in relation to the dollar over the past few weeks, we see a visible inverse relationship.
Correlation and Mining Stocks this Month
We’ll briefly analyze mining stocks’ correlation with gold. Gold is the most crucial of the precious metals, and mining stocks tend to increasingly take their price changes from gold.
A Correlation Study of Miners in December 2017
If we look at the YTD (year-to-date) correlations of the select mining shares to gold, there has been a reasonable fall.
The Tax Reform Bill’s Impact on Precious Metals
All four precious metals saw a down day on Monday, December 4, 2017, after the US dollar, in which the four metals are priced, rose $0.39%, propelled by the Senate passing its tax reform bill.
An Update on the Precious Metals as November Comes to an End
The US stock markets were closed on Thursday, November 23, 2017, for Thanksgiving, and the next day (Black Friday) was quite slow for precious metals. Gold played in a narrow range that day.
If There’s an Interest Rate Hike, How Could Gold Be Affected?
The dollar and interest rates As December approaches, discussion of a potential interest rate hike is growing. A hike is of particular concern to market participants because it could affect equities, currencies, and commodities. A higher interest rate for US Treasuries usually causes investors to move their money to the United States, raising demand for the dollar and […]
A Look at Mining Stocks’ Price Movement
Mining stocks’ reaction On Tuesday, October 31, precious metal mining stocks fell, following precious metals. In this part of our series, we’ll look at the moving averages and returns of four key mining stocks: Silver Wheaton (SLW), Hecla Mining (HL), Alacer Gold (ASR), and IAMGOLD (IAG). Hecla Mining and Alacer Gold have fallen 9.9% and 10.3%, respectively, YTD […]
These Factors Are Affecting Gold
Gold, silver, platinum, and palladium have a five-day trailing loss of 0.67%, 0.44%, 1.1%, and 1.5%, respectively.
All Eyes on Inflation—And Gold and Mining Stock Movements
Much of the discussion surrounding another interest rate hike in December has been about how inflation numbers have remained low.
How Global Indicators Are Affecting Precious Metals
Gold reached its two-week high price of $1,294.5 an ounce on Tuesday, October 10, and ended the day at $1292.1 per ounce.
How Mining Shares Moved on October 2
The US dollar and global tensions have been crucial in determining the prices of precious metals and mining shares. On Monday, October 2, mining shares saw mixed movement against precious metals.
How North Korea Is Acting on Gold
North Korea’s first missile launch over Japan pushed gold prices to a near one-year high, prompting investors to move to safe-haven assets.
How Market Volatility Could Steer Gold
Gold is a famous hedge against inflation. A reduction in volatility could mean a downward swing for gold.
Are Monetary Policies Playing on Precious Metals?
Precious metals have witnessed downward pressure over the past few months due to the expectation that US monetary policy is on a tightening path.
Gold-Platinum Ratio: Is Platinum a Long-Term ‘Buy’?
When reading the platinum market, it’s important to analyze the comparative performance of platinum and gold by using the gold-platinum ratio or spread.
Chart in Focus: Gold–Silver Ratio Analysis
On July 12, the gold–silver spread was 76.4. This ratio indicates that it takes almost 76 ounces of silver to buy a single ounce of gold.
How Precious Metal Miners Are Moving in July 2017
Alacer Gold and Eldorado Gold are trading below their shorter-term 20-day and longer-term 100-day moving averages.
What Global Scenarios Could Give Impetus to Gold?
The more optimistic investors are about the economy, the less they need haven assets like gold and silver.
A Look at the Gold-Silver Ratio in June 2017
The gold-silver spread touched a peak of 85 in late 2008. The RSI level of the gold-silver ratio is 80.8, suggesting a possible pullback in the spread.
