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When Will Gold Break Out Of Its Trading Range?
- Gold and silver prices were little changed last week as the metals trade in an ever-narrowing range.
- A World Gold Council report on gold demand provided fodder for both gold bulls and bears.
- Safe haven demand remains, but there is little fresh buying interest in Asia or the U.S. over the short-term.
Gold Likely To Break Out, But Will It Go Up Or Down?
- The gold price rose on renewed safe haven demand, but silver fell as a stronger U.S. dollar continues to pressure commodity markets.
- Demand for precious metals in both Asia and the West has been lackluster over the seasonally slow summer months, but that could change as soon as next month.
- Conditions could change dramatically in the months ahead as a narrowing trading range is likely to produce a break-out, direction unknown.
Could A Return To Positive Seasonal Trends Be In Store For Gold And Silver?
- Fear of rising interest rates caused precious metal prices to fall for the third week in a row after rising for six straight weeks.
- Despite ongoing violence around the world, safe haven demand has waned while Asian buyers have stayed away.
- After bucking the seasonal trend over the last four months, a return to a very positive seasonal trend this fall could be dead ahead.
Gold, Silver Rise On Yet Another Source Of Safe Haven Demand
- Yet one more source of safe haven demand for gold has emerged with the banking troubles in Portugal.
- This helped to send precious metals prices to their highest levels since March.
- Physical demand in Asia remains weak, but renewed interest in mining stocks has helped boost gold and silver prices.
Was Last Week 'The Pause That Refreshes' For Gold And Silver?
- Remarkably, both gold and silver prices ended the week almost exactly where they began last week, but that is not likely to happen again in the days ahead.
- The silver rally has been very impressive as some investors have returned and both metals now await new catalysts after the June rally.
- Interest rate talk from the Fed, rising inflation, dollar weakness, and developments in China and India could all play a role in where metal prices go from here.
Yellen's Latest Misstep Lights A Fire Under Precious Metals
- Fed Chair Janet Yellen's characterization of rising inflation as "noise" may come back to haunt her.
- The inflation report and the Fed meeting were key factors behind gold's biggest daily gain since last September and a surge in the silver price.
- Developments in Iraq and the winding down of commodity financing deals in China also drove precious metals higher.
Gold Rebounds, And It Just Might Continue
- Precious metals have rebounded due to a number of positive catalysts and this move could continue.
- The situation in Iraq, slowing global growth, and equity market weakness late last week have all contributed to the recent gains.
- We are about to exit the worst month of the year for gold prices and enter the best three-month stretch, improving the outlook for precious metals in the period ahead.
Precious Metals Stuck In Neutral, But That Could Soon Change
- Gold and silver continue to be stuck in trading ranges, but last week's move by Treasuries could help push the metals out of those ranges.
- A stronger dollar might limit any move to the upside as could a continuation of generally good economic reports in the U.S. that, last week, showed inflation rising.
- Demand from China and India are still key as we approach June, the worst month of the year for precious metals.
What Today's Inflation Report Could Mean For Precious Metals
- Today's inflation report saw consumer prices rising at the fastest pace since late 2012.
- Gains were broad-based, indicating that this may continue as the U.S. economy improves.
- Since there is a strong relationship between gold price and inflation, this could signal higher metal prices ahead.
Near-Term Outlook Grim For Precious Metals As 2 Important Props May Have Been Removed
- Both the situation in the Ukraine and the weakening dollar may fail to provide any support for precious metals over the near-term.
- Demand in Asia is likely to remain weak in the period ahead due largely to seasonal factors.
- A move lower could set up a very bullish chart pattern later this year.
The Ukraine Saves The Gold Market Again, But Can This Continue?
- Escalating violence in The Ukraine again spurred safe haven demand for gold, preventing bigger price declines last week.
- Based on ETF flows, U.S. investors continue to shy away from precious metals, and investment banks are now even more bearish.
- Fundamental demand for precious metals in Asia remains strong despite the negative reporting by the mainstream financial media.
A Nice Rebound For Gold, But Will It Last?
- Safe haven demand due to events in the Ukraine spurred a big turnaround for gold and silver prices.
- Key technical support levels were successfully tested, but U.S. investors appear to be unmoved.
- China gold demand continues to be an important story, and there were bullish developments there.
Loose Talk On China Gold Demand Sinks Precious Metals
- Gold and silver prices fell after a number of unfavorable news reports on China gold demand that were all very misleading.
- This is symptomatic of the trouble precious metals have had in the West as investor interest has waned.
- A stronger dollar and rising broad equity markets also pressured precious metals.
Reuters Omits The Grey Areas About China Gold Demand
- A Reuters report misrepresented gold being used for financing deals in China's shadow banking system per a World Gold Council report.
- Since China was a huge source of gold demand last year, this cast doubt on the nature of global gold demand.
- Traders were quick to sell, but sentiment may change after looking more closely at these reports.
This Week's Inflation Report Could Change Everything For Gold
- Trouble in Ukraine and a weaker dollar could support higher gold prices over the short term.
- Investment banks are bearish, but others are bullish as tests of important technical levels lie ahead.
- If last week's surge in wholesale prices carries over to consumer prices this week, the outlook for precious metals could change dramatically.
It Could Be A Nasty Spring For Precious Metals
- Price declines continued last week for gold and silver with more technical damage developing.
- Demand from Asia may rebound at lower prices; however, that has not yet been seen.
- U.S. ETF holdings have held steady, and this could lead to tighter supply if demand in Asia returns.
Another Curious (And Pretty Bullish) Inflow For The Gold ETF
- A surprising 4.5 tonnes was added to the GLD trust yesterday as prices tumbled.
- This behavior is very uncharacteristic of U.S. investors who, last year, sold when prices fell.
- This could signal a major change in how U.S. investors think about gold as an investment.
After The Sell-Off: A Bright Spot For Gold
- Gold and silver saw their worst selling in four months.
- Easing tensions in Ukraine and a more hawkish Fed were largely responsible.
- Gold ETF flows remain a positive sign for the 2014 rally to continue.
The Stars (And Russian Troops) Are Aligned For Higher Gold Prices
- Developments in Ukraine will drive gold and silver prices in the days ahead.
- Western demand and technical factors have turned decidedly bullish.
- Demand in Asia appears to be weakening as cost-sensitive buyers step back.
Another Big Inflow For GLD Signals Higher Prices Ahead
- Gold inflows to GLD are accelerating.
- Renewed interest in the U.S. is key for sustaining the current rally.
- Gold demand in cost-sensitive Asia could suffer, but it could also spur even higher prices.
Gold Price Set To Resume Its Long-Term Upward Trend
- Gold prices rose for the fifth straight week and notched a four-month high.
- Steady price gains have resulted in positive changes for the precious metals technical picture.
- Demand in Asia is a concern as higher prices have led to reduced gold buying and lower gold premiums.
- Gold And Silver Rise For 3rd Straight Week
- Will The Gold And Silver Surge Continue?
- U.S. Investors Buy Early During This Gold Market Rebound
- China Goes On Vacation And The Gold Rally Stalls
- What's Bad For Stocks Should Continue To Be Good For Gold
- U.S. Investors Show New Interest In Gold And Silver
- China Gold Imports Continue To Impress
- Another Wild Week In Precious Metals Markets
- Shutdown, Debt Ceiling Prompt A Gold Market Sell-Off And Rebound?
- Developments In Washington Will Drive Precious Metals Prices This Week
- Why The Budget Debate In Washington Matters For Gold