Commodity Trade Mantra

Posts Tagged ‘Gold Sentiment’

Gold Futures Traders Breath Easy as Dovish Fed Powers the Next Major Rally

Gold futures surged after the Fed again chickened out on raising its benchmark interest rate. Gold futures speculators’ fear of Fed rate hikes has been a major drag on gold. Rate-hike risks just plummeted in the coming months, since the Fed can’t risk acting heading into the critical US presidential election. Gold’s next major upleg is likely just unleashed by the Fed.

Gold Proving Amazingly Resilient Despite Howling Headwinds

Gold has had a rough time, facing selling pressure from record futures shorting. The resulting new secular lows have greatly exacerbated the already-extreme bearish psychology long plaguing gold. But considering the howling headwinds gold has suffered in recent years, it has actually proved amazingly resilient, indicating strong latent demand due to accelerate as sentiment shifts.

Perth Mint and US Mint Cannot Keep Up With Gold Bullion Demand Surge

Depressed prices have led to a surge in physical demand for silver and gold bullion globally, resulting in delays in receiving the bullion and indeed to rising premiums. Asian gold bullion demand picked up this week keeping premiums robust and slightly higher in the world’s top gold buying regions. There is also a huge demand for coins from individual buyers in the U.S. & Europe.

Gold Up 11% In Euros This Year As Currency Wars Intensify

The dollar-centric nature of most financial media and the tendency to focus on gold solely in dollars would give one the impression that gold has been devastated this year. When measured against other currencies, gold has risen versus many major currencies & will continue to protect and grow wealth over the long term.

Gold Sentiment is Changing - Play it Safe

We could see some more downward pressure before the end of the year, but it’s difficult to make predictions because every market is somehow manipulated & managed. I wouldn’t be surprised to see gold at $1,400–1,500 in 2015 but if central banks step in & keep pushing equities higher, as they did this year, then $970/oz is more likely.

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