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Miscellaneous How Is the Dollar Affecting Precious Metals?
Besides ongoing geopolitical concerns, a crucial factor that gold keeps looking to for directional moves is the US dollar.
Why Gold Is Performing Better than Silver
There has been a significant up-and-down movement in the precious metals since the beginning of 2018.
Shaky Precious Metals and Revival: Comparing March 1 and 2
All four precious metals were on the path to revival on Friday, March 2 after a shaky day on Thursday, March 1.
Analyzing Precious Metals: Dollar Had Its Worst Year since 2003
Although most of the upswing in precious metals has been due to the rise in geopolitical risks in 2017, the dollar has been the most crucial factor.
Why Platinum Led the Precious Metals Pack on December 18
All four precious metals except palladium witnessed an up day on December 18, 2017. Platinum touched the day’s high of $915.3 and ended up at $913.2 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.
How the Federal Reserve’s Rate Hike Affected Precious Metals
Precious metals and miners saw some relief on December 13 after the Fed raised rates as expected. Sibanye Gold (SBGL), Aurico Gold (AUQ), and Goldcorp (GG) rose 3.5%, 3.6%, and 5.8%, respectively.
How Turbulence in the Market Has Moved Precious Metals
Often, gold, silver, platinum, and palladium react to the overall risk in the market.
How the Dollar Influences Gold and Precious Metals
The US dollar has fallen almost 9.1% on a YTD basis. The iShares Gold Trust (IAU) and the iShares Silver Trust (SLV) have risen 11% and 2.8%, respectively.
What Led to a Revival in Precious Metals on Monday?
All the four precious metals rose on Monday, November 27. Gold futures for December expiration were up 0.55% to close at $1,294.4 an ounce.
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.
How a Likelier Rate Hike Could Affect Gold
Gold prices initially edged lower for the day on Thursday, November 16. However, they later turned marginally higher, closing at $1,278.2 per ounce.
Analyzing Gold’s Market Performance
Besides the impact of interest rates, there are also other global indicators that could play on precious metals—the most important being the US dollar.
Gauging Global Risk against Gold
All four precious metals rose on Monday, October 30, as multiple speculations in the market gripped investors’ attention.
These 2 Factors Could Significantly Affect Gold
A crucial factor that could potentially move precious metals is the decision about the next chair of the Federal Reserve.
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.
Which Elements Impact Precious Metals?
Gold fell for the third consecutive day on October 18, 2017, as the US dollar regained strength. However, October 19 was an up day for gold and silver.
A Flat Day for Precious Metals: What’s Ahead?
Precious metals had a slow day on Tuesday, October 3, 2017. They traded almost flat, falling only minimally and maintaining the downward sentiment.
What Led to the Slump of Precious Metals on October 2?
Gold prices slipped for yet another day on Monday, October 2, 2017, as gold saw its lowest close in the last two months.
Equity Markets’ Role in Precious Metal Fluctuations
Haven or not? While gold (IAU) (SLV) has an inverse relationship with the dollar, stock markets also have a deep connection to the metal. Investors commonly perceive gold as a haven in the event of a severe stock market downturn. Presumably, when we experience a global market decline, stocks and currencies move downward. Riskier assets become […]
How Will the Fed Meeting Affect Precious Metals?
Besides the dollar changes, investors are also closely watching the ongoing Federal Reserve Open Market Committee or FOMC meeting for a directional change in precious metals.
Precious Metals’ Performance on September 7, 2017
Precious metal movement The four main precious metals saw their prices rise on September 7, 2017. The month has been beneficial for the metals due to rising market risk. Gold futures for October expiration rose almost 0.85% on Thursday to $1,351.60, closing at $1,346.50 per ounce. The price of gold was steady on Thursday after falling the […]
How Unrest in Korea Affected Gold
Gold prices were around their highest level in nearly seven weeks on Monday, July 31.
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.
Draghi’s Comments and Precious Metals’ Movements
Precious metals saw an up-day on July 20, 2017, after Mario Draghi said that policymakers would discuss potential changes in the bond-buying program in autumn.
What Direction Are Precious Metals and Miners Taking?
Precious metals were on the path to recovery last week, mainly due to the fall witnessed by the US dollar. The U.S. Dollar Index fell ~1% in the week.
How the US Dollar’s Revival Is Playing on Gold and Miners
The US Dollar Index (or DXY), which prices the dollar against a basket of six major world currencies, rose 0.62% on July 3.
Fed Plays the Interest Rate Hike, Implications on Gold
Precious metals increased as gold futures for July expiration rose 0.78% and closed at $1,273.6 per ounce. Platinum and palladium were in line with gold.
Gold Makes a Rare Golden Cross: What Does That Mean?
Gold rose 0.26% on Thursday, May 25, 2017, and ended the day at $1256.40 per ounce. The rebound also extended to the other three precious metals.
Gold and Other Precious Metals Fell on May 18
Gold futures for June expiration fell 0.47% and ended May 18 at $1,252.8 per ounce. The call implied volatility in gold rose to 11.3%.
Did the French Elections Help or Hurt Precious Metals?
The price of gold witnessed a rebound on Monday, May 8, after touching $1,221 per ounce—the lowest level we’ve seen since the middle of March.
Platinum Is the Worst Performer So Far—Reading Its Spread
The gold-platinum spread was ~1.3 on April 26, 2017. The gold-platinum spread RSI on that day was 59.
How the US Dollar Is Affecting Gold
US dollar drops Besides geopolitical news, another important factor that has contributed to the rise of gold is the fall of the US dollar. The US dollar (UUP), depicted by the US dollar index, or DXY, dropped 0.27% on April 17 after hitting close to a four-week high on April 10. The DXY had fallen 1.9% […]
Gold Rose above Its 200-Day Moving Average: Technical Insights
Platinum was the winning precious metal and rose 2.9% on April 11, ending the day at $966.20 per ounce.
What Did Tomahawk Missiles Just Do for Gold?
After US President Donald Trump ordered the launch of nearly 60 Tomahawk cruise missiles on a Syrian air base, precious metals experienced a lift off.
Inside the Recent Role of Volatility in Gold
The volatility index may finally stop being stagnant and move upward, now that the fiasco of the GOP’s healthcare bill attempt failed to launch on March 24.
How Have US Dollar Losses Played on Gold?
The DXY index, which measures the dollar against the basket of six major world currencies, tumbled to 99.6 on Friday, March 24.
Where Is the Gold-Silver Ratio Headed?
When analyzing the precious metals market, it’s important to take a look at the relationship between gold and silver.
Inside the Gold-Silver Ratio in 2017
When analyzing the precious metals market, it’s important to take a look at the relationship between gold (IAU) and silver (SLV).
Reading the Ups and Downs of the Gold-Silver Spread
The gold-silver spread was trading at 68.5 on February 23, 2017. The spread suggests that it took 68.5 ounces of silver to buy a single ounce of gold.
How Is the Equity Market Impacting Gold?
Gold enthusiasts seem to be in a fix, as any further movements in the precious metal are currently unclear. The world famous SPDR Gold Shares ETF has risen ~11% in 2017 so far.
How Strongly Can Interest Rate Hikes Play on Gold?
Fluctuations in precious metals over the past month have been strongly determined by the FOMC’s decision to increase the interest rate.
Why the US Dollar Fell from Its 14-Year High
US employers boosted hiring in November, and the unemployment rate fell to a nine-year low of 4.6%.
Gold and the Dollar: Opposite Movements in November
The fall in the price of gold on Monday, December 5, 2016, was partly determined by changes in the US dollar.
How Closely Will Interest Rates Monitor Gold?
Gold has fallen more than $120 from its peak on November 9, 2016, following the US elections. The fall suggests optimism for a potential interest rate hike.
A Look at Precious Metals Volatility in the Wake of Trump’s Win
The volatilities of gold, silver, platinum, and palladium were 20.2%, 30.4%, 19.5%, and 48.4%, respectively, on November 14, 2016.
How the Fall in the US Dollar Helped Precious Metals
The correlation between gold and the DXY is -0.36.
Where Is the Gold-Palladium Spread Headed?
The gold-palladium spread has seen its ups and downs over the past few months. But the United Kingdom’s Brexit vote resulted in some strength for palladium.
Why Did Precious Metals Have a Choppy Week?
Gold fell for the sixth straight day on October 7, 2016. It fell 0.07% and closed at $1,251.9 per ounce. Last week was choppy for precious metals.
How Is the US Dollar Affecting Precious Metals?
The US Dollar Index (or DXY) hit nearly a two-week high on Tuesday, October 4, 2016. The index has risen 1.4% on a one-month trailing basis.
