Opalesque Commodities Briefing » Bullion/Gold http://www.opalesque.com/Commodities_Briefing Wed, 30 Nov 2016 00:03:38 +0000 http://wordpress.org/?v=2.5.1 en Why Gold’s Lost Sheen Should Be Temporary http://www.opalesque.com/Commodities_Briefing/?p=144561 http://www.opalesque.com/Commodities_Briefing/?p=144561#comments Wed, 30 Nov 2016 00:01:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144561 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144561>Article Link</a> Conventional wisdom suggests that a Federal Reserve rate hike next month is bearish for precious metals, particularly gold. This is because gold investors aren’t rewarded with the interest coupon payments as Treasury holders are. Thus, the opportunity cost of owning gold is the potential cash flow of interest payments, or dividends if comparing it to equities. (more…)

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Here’s Why Gold Could Fall All The Way To $700 http://www.opalesque.com/Commodities_Briefing/?p=144560 http://www.opalesque.com/Commodities_Briefing/?p=144560#comments Wed, 30 Nov 2016 00:01:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144560 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144560>Article Link</a> Even though the markets haven’t behaved logically of late, it would have seemed a slam dunk for gold to rise if Donald Trump won. After all, we faced uncertainty around his policies, rising inflation from infrastructure spending, and higher expected growth rates. (more…)

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Gold’s Recovery Falters as Fund Investors Keep Selling Assets http://www.opalesque.com/Commodities_Briefing/?p=144559 http://www.opalesque.com/Commodities_Briefing/?p=144559#comments Wed, 30 Nov 2016 00:01:02 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144559 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144559>Article Link</a> Gold halted its biggest gain in almost a month as investors extended the longest run of sales from bullion-backed funds in a year. Palladium climbed to the highest in almost 18 months. (more…)

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Gold price fights back – touches $1,200 http://www.opalesque.com/Commodities_Briefing/?p=144541 http://www.opalesque.com/Commodities_Briefing/?p=144541#comments Tue, 29 Nov 2016 01:17:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144541 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144541>Article Link</a> Gold was attempting a comeback of sorts in Asian trading on Monday despite relentless selling by physically-backed gold ETF investors since Donald Trump’s victory in US presidential elections. (more…)

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A Note On Gold And India – What Is Driving The Gold Price? http://www.opalesque.com/Commodities_Briefing/?p=144540 http://www.opalesque.com/Commodities_Briefing/?p=144540#comments Tue, 29 Nov 2016 01:17:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144540 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144540>Article Link</a> It is well-known that India’s government wants to coerce its population into “modernizing” its financial behavior and abandoning its traditions. The recent ban on large-denomination banknotes was not only meant to fight corruption. (more…)

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MKS, Commerzbank: Shanghai Gold Premium Hits Multi-Year High http://www.opalesque.com/Commodities_Briefing/?p=144539 http://www.opalesque.com/Commodities_Briefing/?p=144539#comments Tue, 29 Nov 2016 01:16:50 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144539 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144539>Article Link</a> The Shanghai Gold Exchange premium soared to multi-year highs overnight, with Commerzbank citing recent news reports that China’s government may restrict the number of import licenses and MKS (Switzerland) S.A. reporting that dollar weakness also boosted the appeal of gold. (more…)

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What Is Gold Saying About Trump? http://www.opalesque.com/Commodities_Briefing/?p=144538 http://www.opalesque.com/Commodities_Briefing/?p=144538#comments Tue, 29 Nov 2016 01:16:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144538 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144538>Article Link</a> Amidst the larger drama of the election, the financial markets staged their own little drama. When the Dow futures plummeted by hundreds of points as it began to look as though Donald Trump would achieve a surprise victory, some people hastily jumped to the conclusion that financial markets feared a Trump presidency. Not so. (more…)

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Is Palladium Going to Be the Precious Metal Winner for 2017? http://www.opalesque.com/Commodities_Briefing/?p=144537 http://www.opalesque.com/Commodities_Briefing/?p=144537#comments Tue, 29 Nov 2016 01:16:23 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144537 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144537>Article Link</a> Palladium seems to be the winner among precious metals for 2017 so far. As of November 21, 2017, palladium had a whopping rise of 32.5% year-to-date. That figure is far higher than the rises in gold, silver, and platinum. Platinum has the least year-to-date rise so far among the four precious metals. (more…)

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Woe is gold: monetary metal drops below US$1,200 for first time in a year http://www.opalesque.com/Commodities_Briefing/?p=144513 http://www.opalesque.com/Commodities_Briefing/?p=144513#comments Thu, 24 Nov 2016 23:07:06 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144513 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144513>Article Link</a> Donald Trump’s pledge to fire up the American dollar printing machine again is having the same effect on gold as did the previous three programs of quantitative easing since 2008. That added US$4.5 trillion to the global currency inventory and kneecapped what had been a nearly ten-year run in the gold price, which peaked in September 2011 at US$1,923.70. (more…)

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Gold will hit $1,440 by mid-June 2017 http://www.opalesque.com/Commodities_Briefing/?p=144512 http://www.opalesque.com/Commodities_Briefing/?p=144512#comments Thu, 24 Nov 2016 23:06:52 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144512 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144512>Article Link</a> James Butterfill, head of research and investment strategy at ETF Securities, has remained bullish on the outlook for gold despite the price of the commodity falling below $1,200 per ounce for the first time since February. (more…)

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Gold price nears ten-month low and could fall to $1,150 http://www.opalesque.com/Commodities_Briefing/?p=144511 http://www.opalesque.com/Commodities_Briefing/?p=144511#comments Thu, 24 Nov 2016 23:06:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144511 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144511>Article Link</a> The gold price closed in on its lowest level for ten months yesterday, hitting a nadir of $1,180 before recovering slightly. Having fallen in excess of ten per cent from a brief post-US presidential election high of $1,337, the precious metal remains under pressure ahead of an expected increase in US interest rates next month. (more…)

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Indian Gold Import Ban: Fact or Fiction? http://www.opalesque.com/Commodities_Briefing/?p=144510 http://www.opalesque.com/Commodities_Briefing/?p=144510#comments Thu, 24 Nov 2016 23:06:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144510 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144510>Article Link</a> Prime Minister Narendra Modi’s move to ban 500 and 1,000 rupee notes caught the country by surprise, with many Indians now looking to liquidate their stockpiles of cash. Internet chatter is now a flurry, with some wondering whether the government’s next step will be to ban gold imports and prevent Indians from cashing in “black” money. (more…)

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Gold loses most liquid asset status http://www.opalesque.com/Commodities_Briefing/?p=144488 http://www.opalesque.com/Commodities_Briefing/?p=144488#comments Wed, 23 Nov 2016 23:12:44 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144488 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144488>Article Link</a> Gold has traditionally been considered this country’s most liquid asset — at any time, people were prepared to give cash against it. After the demonetisation, that has changed. (more…)

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Gold Drops Below $1,200.00, Hits 9-Mo. Low http://www.opalesque.com/Commodities_Briefing/?p=144487 http://www.opalesque.com/Commodities_Briefing/?p=144487#comments Wed, 23 Nov 2016 23:12:24 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144487 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144487>Article Link</a> Gold prices are solidly lower, hit a nine-month low and have fallen below key chart support at $1,200.00 in early U.S. trading Wednesday. The bearish near-term technical postures for gold and silver markets continue to invite chart-based selling interest. (more…)

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Is Gold Less Precious Now? http://www.opalesque.com/Commodities_Briefing/?p=144486 http://www.opalesque.com/Commodities_Briefing/?p=144486#comments Wed, 23 Nov 2016 23:12:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144486 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144486>Article Link</a> On a day when the Dow Jones Industrial Average touched 19,000 for the first time in history, investors would be forgiven for asking themselves if the shine has come off gold as a safe-haven investment. (more…)

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Eyes on tightening palladium/platinum price differential, parity unlikely: sources http://www.opalesque.com/Commodities_Briefing/?p=144485 http://www.opalesque.com/Commodities_Briefing/?p=144485#comments Wed, 23 Nov 2016 23:11:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144485 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144485>Article Link</a> The platinum/palladium discount is in focus this week, with palladium creeping closer to platinum in dollar-terms, although parity is unlikely near-term, according to sources. As of 1005 GMT Wednesday morning, palladium was spot bid at $742/oz with platinum at $938/oz. (more…)

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Gold prices extend rebound to a second-straight session http://www.opalesque.com/Commodities_Briefing/?p=144466 http://www.opalesque.com/Commodities_Briefing/?p=144466#comments Tue, 22 Nov 2016 23:23:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144466 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144466>Article Link</a> Gold prices extended their rebound from nine-month lows to score back-to-back gains on Tuesday as the rally in the U.S. dollar stalled. Gold has been “hit pretty hard in the last couple of weeks and…is stabilizing and base building just as [the U.S. dollar] has become exhausted and has started to level off,” Colin Cieszynski, chief market analyst at CMC Markets, told MarketWatch. (more…)

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TDS: Any Dip Below $1,200/Oz Gold ‘Should Be Bought’ http://www.opalesque.com/Commodities_Briefing/?p=144465 http://www.opalesque.com/Commodities_Briefing/?p=144465#comments Tue, 22 Nov 2016 23:23:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144465 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144465>Article Link</a> TD Securities does not anticipate a complete collapse in gold and suggests any price dips below the $1,200-an-ounce level “should be bought.” Gold tumbled over the last two weeks on a higher U.S. dollar, steepening yield curve and expected rise in so-called carry costs, TDS says. (more…)

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Potential gold-import ban by India could be biggest bombshell since Nixon http://www.opalesque.com/Commodities_Briefing/?p=144464 http://www.opalesque.com/Commodities_Briefing/?p=144464#comments Tue, 22 Nov 2016 23:22:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144464 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144464>Article Link</a> Back in August 1971, President Nixon shocked the world by taking the dollar off the gold standard. The dollar had been on gold standard since Bretton Woods Agreement of 1944. The biggest bombshell for gold investors in 45 years since Nixon announcement may be ahead. (more…)

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Five Best Ways To Invest In Gold http://www.opalesque.com/Commodities_Briefing/?p=144463 http://www.opalesque.com/Commodities_Briefing/?p=144463#comments Tue, 22 Nov 2016 23:22:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144463 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144463>Article Link</a> Gold will always be the ultimate instrument for hedging investments in dollars. This because the price of gold will rise whenever the price of the dollar falls. Financial market experts are of the opinion that in the coming years and decades, the potential for generating profits is much higher when you invest in gold rather than the traditional blue chip company stocks. (more…)

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Gold bugs blindsided by Trumpflation http://www.opalesque.com/Commodities_Briefing/?p=144445 http://www.opalesque.com/Commodities_Briefing/?p=144445#comments Mon, 21 Nov 2016 23:16:09 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144445 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144445>Article Link</a> Investors wrongfooted by second major surprise that prompted a flight from havens. What’s bugging gold? The election as US president of a political neophyte with questionable temperament was supposed to be a sweet moment for gold, perhaps the best-known haven when markets or politics get a little hairy. (more…)

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Russians, Chinese Supporting Gold Price http://www.opalesque.com/Commodities_Briefing/?p=144444 http://www.opalesque.com/Commodities_Briefing/?p=144444#comments Mon, 21 Nov 2016 23:15:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144444 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144444>Article Link</a> Gold threatened to breach the $1,200 level on Friday before rebounding. The sentiment was helped by word that the Russian central bank added 1.3 million ounces to reserves in October and that was before the price drop. The Chinese and Russians have been supporting the market below $1,250 this month, which is helping to offset the large futures and ETF liquidation. (more…)

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Gold Prices Plummeting to $1,200: Will Selloff Continue? http://www.opalesque.com/Commodities_Briefing/?p=144443 http://www.opalesque.com/Commodities_Briefing/?p=144443#comments Mon, 21 Nov 2016 23:15:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144443 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144443>Article Link</a> The conventional wisdom had gold prices skyrocketing in the immediate aftermath of the U.S. presidential election, which put Donald Trump into the White House. But that hasn’t been the case, with gold future sliding through November, with two consecutive weekly price declines leading up to November 19. Last week, December gold futures slid by $7.60, to just over $1,200 per ounce - a nine-month low. (more…)

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Gold’s Next Stop: $1,000 Per Ounce? http://www.opalesque.com/Commodities_Briefing/?p=144423 http://www.opalesque.com/Commodities_Briefing/?p=144423#comments Sun, 20 Nov 2016 23:43:01 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144423 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144423>Article Link</a> While we expected additional weakness in Gold and gold stocks (weeks ago) we did not quite expect the kind of selling the sector experienced in the wake of Donald Trump’s election victory. (more…)

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Speculators Are Finally Bailing Out Of Gold – And That’s A Good Thing http://www.opalesque.com/Commodities_Briefing/?p=144422 http://www.opalesque.com/Commodities_Briefing/?p=144422#comments Sun, 20 Nov 2016 23:42:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144422 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144422>Article Link</a> All this talk of massive new infrastructure spending financed with a tsunami of freshly-minted currency should be lighting a fire under gold. That it hasn’t is a testament to how out-of-whack the precious metals market had gotten during the first six months of this year. (more…)

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Where Is the Gold Price Headed? Three Views http://www.opalesque.com/Commodities_Briefing/?p=144421 http://www.opalesque.com/Commodities_Briefing/?p=144421#comments Sun, 20 Nov 2016 23:42:23 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144421 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144421>Article Link</a> Gold has fallen by more than 5% since Election Day, to $1,209 an ounce, although it’s poised to end 2016 sharply higher than its year-end 2015 close of $1,060 an ounce. Where will the yellow metal go next? (more…)

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Gold Reverses Gains Under Pressure From Stronger Dollar http://www.opalesque.com/Commodities_Briefing/?p=144405 http://www.opalesque.com/Commodities_Briefing/?p=144405#comments Thu, 17 Nov 2016 23:27:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144405 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144405>Article Link</a> Gold prices close at a five-month low; Janet Yellen said that a rate increase ‘could well become appropriate relatively soon’. Gold prices closed at a five-month low on Thursday, weighed down by a stronger U.S. dollar and expectations for an interest-rate increase as early as December. (more…)

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Why gold can spell heaven or hell http://www.opalesque.com/Commodities_Briefing/?p=144404 http://www.opalesque.com/Commodities_Briefing/?p=144404#comments Thu, 17 Nov 2016 23:27:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144404 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144404>Article Link</a> As Donald Trump proves, gold attracts those drunk on power. But artists have shown it can point the way to the divine. Gold can be erotic, heavenly, kingly – or hellish. If it has those meanings in art, what does it mean for Donald Trump? (more…)

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Gold has been ‘Trumped’, here are the downside targets http://www.opalesque.com/Commodities_Briefing/?p=144403 http://www.opalesque.com/Commodities_Briefing/?p=144403#comments Thu, 17 Nov 2016 23:27:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144403 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144403>Article Link</a> The US election is not as scary as some gold bugs imagined. After a fall, and rebound rally, the gold price resumed its downtrend. Weeks ago we asked who stole the gold? Now we know the answer. (more…)

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Gold fails to bounce despite talk of ‘Trumpflation’ http://www.opalesque.com/Commodities_Briefing/?p=144402 http://www.opalesque.com/Commodities_Briefing/?p=144402#comments Thu, 17 Nov 2016 23:26:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144402 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144402>Article Link</a> But the precious metal may remain in demand as insurance against potential shocks. Donald Trump was supposed to be good for gold. Not necessarily because his capture of the White House was seen as delivering geopolitical stress. (more…)

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UBS Closes Physical Gold-Trading Operations At Three Swiss Branches http://www.opalesque.com/Commodities_Briefing/?p=144401 http://www.opalesque.com/Commodities_Briefing/?p=144401#comments Thu, 17 Nov 2016 23:26:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144401 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144401>Article Link</a> According to one Swiss national newspaper, the European physical gold market shrank Wednesday as Swiss bank UBS closed its gold-swapping operations at three of its banks — in Zurich, Basel and Geneva. In a statement to the Tagesanzeiger, UBS said that its decision to close its “gold switches” at the three branches was a “business policy decision” to reduce the bank’s costs. (more…)

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BMI revises gold price forecast for 2017 to $1 300/oz http://www.opalesque.com/Commodities_Briefing/?p=144383 http://www.opalesque.com/Commodities_Briefing/?p=144383#comments Wed, 16 Nov 2016 23:22:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144383 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144383>Article Link</a> BMI Research has revised its forecast gold price for 2017 downwards to $1 300/oz, from the previously anticipated $1 400/oz. This, after Republican candidate Donald Trump was elected the next President of the US, resulting in a sharp decline in gold prices. (more…)

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What Is Gold Saying About Trump? http://www.opalesque.com/Commodities_Briefing/?p=144382 http://www.opalesque.com/Commodities_Briefing/?p=144382#comments Wed, 16 Nov 2016 23:21:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144382 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144382>Article Link</a> Amidst the larger drama of the election last Tuesday, the financial markets staged their own little drama. When the Dow futures plummeted by hundreds of points as it began to look as though Donald Trump would achieve a surprise victory, some people hastily jumped to the conclusion that financial markets feared a Trump presidency. Not so. (more…)

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Trump and Modi Take Shine off Gold http://www.opalesque.com/Commodities_Briefing/?p=144381 http://www.opalesque.com/Commodities_Briefing/?p=144381#comments Wed, 16 Nov 2016 23:21:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144381 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144381>Article Link</a> U.S. election result has failed to produce an uncertainty boost, while rupee voiding has chilled key India market. Gold is being let down by India and Donald Trump. Ahead of last week’s U.S. presidential election, investors looking to bet on a victory by Trump bought gold assets on the theory that the resulting policy uncertainty would be a boost for such havens. (more…)

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Gold Prices Give Up Gains as Dollar Strengthens http://www.opalesque.com/Commodities_Briefing/?p=144380 http://www.opalesque.com/Commodities_Briefing/?p=144380#comments Wed, 16 Nov 2016 23:21:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144380 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144380>Article Link</a> Metal had been as $1,230 a troy ounce earlier in session; silver also loses ground. Investors have hammered the metal in recent weeks, as better economic data made a December rate increase by the Federal Reserve more likely and political uncertainty faded after U.S. presidential elections. (more…)

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India’s gold traders on edge as PM Modi fights ‘black money’ http://www.opalesque.com/Commodities_Briefing/?p=144379 http://www.opalesque.com/Commodities_Briefing/?p=144379#comments Wed, 16 Nov 2016 23:21:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144379 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144379>Article Link</a> Some Indian gold traders are placing bulk, short-term import orders on fears that Prime Minister Narendra Modi might soon add curbs on overseas purchases of the metal to his withdrawal of high-denomination banknotes in his fight against ‘black money’, traders and jewellers said. (more…)

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How Will Gold Trade in This ‘Twilight Zone’ - Marin Katusa (Video) http://www.opalesque.com/Commodities_Briefing/?p=144378 http://www.opalesque.com/Commodities_Briefing/?p=144378#comments Wed, 16 Nov 2016 23:20:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144378 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144378>Article Link</a> There are several factors that has gold prices stuck in what Marin Katusa describes as a “twilight zone.” Founder of Katusa Research and one of the organizers behind the Silver & Gold Summit, Katusa told Kitco News that gold prices could move either way, even below $1,100 an ounce. The yellow metal has been under pressure since the U.S. election, hovering near the key support level of $1,200. (more…)

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As markets rally, should you still hold gold? http://www.opalesque.com/Commodities_Briefing/?p=144359 http://www.opalesque.com/Commodities_Briefing/?p=144359#comments Tue, 15 Nov 2016 23:13:31 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144359 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144359>Article Link</a> Trump’s election victory has tempered demand for the yellow metal. A desire to hold “real assets” in turbulent times has massively boosted the popularity of gold-backed exchange traded funds (ETFs). But following the biggest political upset of the year — Donald Trump’s US presidential victory — gold prices have gone into reverse. (more…)

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Gold will be back, eventually http://www.opalesque.com/Commodities_Briefing/?p=144358 http://www.opalesque.com/Commodities_Briefing/?p=144358#comments Tue, 15 Nov 2016 23:13:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144358 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144358>Article Link</a> Anyone waiting for gold to spring back and into an unrestrained bull run after a surprisingly poor reaction to Donald Trump’s election to the White House are likely to be disappointed, according to RBC analyst Tyler Broda. (more…)

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Is India Seriously Considering A Gold Import Ban? http://www.opalesque.com/Commodities_Briefing/?p=144357 http://www.opalesque.com/Commodities_Briefing/?p=144357#comments Tue, 15 Nov 2016 23:13:02 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144357 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144357>Article Link</a> Trade body Indian Bullion & Jewellers Association (IBJA) has created a flutter among some of its 2500 members by informing them through a text message that the government might ban imports of gold into the country until the end of the current fiscal year (FY17) and advance the last date of deposit of old notes for jewellers to November 15 to crackdown on black money. (more…)

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Gold Price Should Go Higher On Global Risks and Trump – Capital Economics http://www.opalesque.com/Commodities_Briefing/?p=144355 http://www.opalesque.com/Commodities_Briefing/?p=144355#comments Tue, 15 Nov 2016 23:12:31 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144355 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144355>Article Link</a> The gold price should rise in the medium and long term on global risks and the Trump Presidency, according to leading research consultancy Capital Economics. (more…)

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TD Securities: ‘Gold Is Down But Not Out’ http://www.opalesque.com/Commodities_Briefing/?p=144354 http://www.opalesque.com/Commodities_Briefing/?p=144354#comments Tue, 15 Nov 2016 23:12:17 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144354 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144354>Article Link</a> Gold is “down but not out,” says TD Securities. After an initial spike higher a week ago when it became apparent Donald Trump would be the next U.S. president, the precious metal has since turned lower. Prices fell as the market factored in ideas that U.S. fiscal stimulus will lift inflation expectations, move yields higher and boost the dollar. (more…)

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Trump’s Spending Frenzy Boosts Copper at Gold’s Expense http://www.opalesque.com/Commodities_Briefing/?p=144353 http://www.opalesque.com/Commodities_Briefing/?p=144353#comments Tue, 15 Nov 2016 23:12:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144353 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144353>Article Link</a> Copper, coming off its best week since 2011, is leaving haven assets such as gold in the dust. With an improving economic outlook in China and bets on increased U.S. infrastructure spending bolstering the demand outlook, copper and other industrial metals are expected to outperform precious metals in the coming months, said Chuck Self, the chief investment officer of iSectors LLC. (more…)

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Should you buy or sell gold after Trump’s victory? http://www.opalesque.com/Commodities_Briefing/?p=144330 http://www.opalesque.com/Commodities_Briefing/?p=144330#comments Tue, 15 Nov 2016 00:27:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144330 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144330>Article Link</a> When it became increasingly clear that Donald Trump was about to win the US election, the price of gold soared. It reached a high of $1332 per ounce and sustained most of this rise through the day following the election victory. However, since then it has fallen back to $1220 per ounce, as investors have favoured risk-on trades rather than risk-off ones. (more…)

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India, not Trump, is the real reason behind the crash in gold prices http://www.opalesque.com/Commodities_Briefing/?p=144329 http://www.opalesque.com/Commodities_Briefing/?p=144329#comments Tue, 15 Nov 2016 00:27:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144329 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144329>Article Link</a> If you have been puzzled about the crash in gold prices after Donald Trump’s election, you are in the company of almost every analyst and media outlet in the western world. Gold and silver are a major part of the research at The Arora Report. (more…)

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Gold Demand In Q3 And Trump: WGC http://www.opalesque.com/Commodities_Briefing/?p=144328 http://www.opalesque.com/Commodities_Briefing/?p=144328#comments Tue, 15 Nov 2016 00:26:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144328 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144328>Article Link</a> Last week, the World Gold Council (WGC) published a new edition of its quarterly report on gold demand. What does Gold Demand Trends Q3 2016 say about the demand for gold in the third quarter of 2016? What does the WGC think about the impact of Trump’s victory on the gold market. (more…)

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Will Downward Trend in Gold and Silver Continue? http://www.opalesque.com/Commodities_Briefing/?p=144327 http://www.opalesque.com/Commodities_Briefing/?p=144327#comments Tue, 15 Nov 2016 00:26:23 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144327 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144327>Article Link</a> The gold market is going through some unusual changes right now. Although there is a surging demand from regions such as India, the overall gold price is crashing hard. In fact, its value dropped by 6% on Thursday and Friday, which is quite surprising. It appears that investors deem precious metals too”risky” to invest in right now. (more…)

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Metals Madness Is Spreading to Silver http://www.opalesque.com/Commodities_Briefing/?p=144323 http://www.opalesque.com/Commodities_Briefing/?p=144323#comments Tue, 15 Nov 2016 00:25:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144323 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144323>Article Link</a> The post-U.S. election mayhem in the metals market that saw copper rally 11 percent last week and gold plunge has spread to silver. Prices are down about 10 percent in the past two days, the most in three years. Silver is known as the devil’s metal because of its often wild swings, and a 10-day measure of its price volatility is near the highest since 2014. (more…)

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Why Gold Will Drop Below $1000 In 2017 http://www.opalesque.com/Commodities_Briefing/?p=144315 http://www.opalesque.com/Commodities_Briefing/?p=144315#comments Mon, 14 Nov 2016 00:22:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144315 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144315>Article Link</a> As the price of gold and silver came down sharply, many investors are asking what the future price of gold will be. Although we do not pretend to have a crystal ball, we observe sufficient signals in the charts to make a make a call about the future price of gold into 2017. (more…)

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Gold Bulls Couldn’t Withstand Trump Win; What Next? http://www.opalesque.com/Commodities_Briefing/?p=144307 http://www.opalesque.com/Commodities_Briefing/?p=144307#comments Mon, 14 Nov 2016 00:19:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144307 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144307>Article Link</a> Heading into the week, expectations were high that a surprise Trump win would be bullish for gold prices; that optimism has been dashed with gold prices ending the week at a five-month low. Although volatility and uncertainty remain extremely high in financial markets, some analysts are expecting to see lower gold prices in the near-term as markets continue to digest President-elect Donald Trump’s fiscal policies. (more…)

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Where Did That Gold Rally Go? http://www.opalesque.com/Commodities_Briefing/?p=144306 http://www.opalesque.com/Commodities_Briefing/?p=144306#comments Mon, 14 Nov 2016 00:19:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144306 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144306>Article Link</a> Last week at this time, most analysts expected that gold could rally to $1,400 an ounce on a surprise Trump victory. And, in the wee hours of Tuesday evening as it became apparent Trump was leading, gold delivered, jumping over 5%.Sign up Kitco Newsletter But…..that was Tuesday. (more…)

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The ultimate reason for owning gold might be shifting after Trump’s win http://www.opalesque.com/Commodities_Briefing/?p=144288 http://www.opalesque.com/Commodities_Briefing/?p=144288#comments Fri, 11 Nov 2016 00:46:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144288 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144288>Article Link</a> Amid growing expectations of rising inflation or even promises of more economic stimulus, analysts seem divided as to how gold will perform in the longer term and the reasons for owning the precious metal in the first place. (more…)

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Trump’s Victory And Gold Prices: What Does It Mean For Precious Metals? http://www.opalesque.com/Commodities_Briefing/?p=144287 http://www.opalesque.com/Commodities_Briefing/?p=144287#comments Fri, 11 Nov 2016 00:46:06 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144287 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144287>Article Link</a> Donald Trump pulled off an upset victory Tuesday for the US Presidency, overcoming Hillary Clinton, who despite recent polls showed that the former Senator had a sizeable lead heading into the election. Yet by the end of the count, it was Trump who captured the required 270+ electoral college votes to win. (more…)

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Trump’s Spending & Inflation ‘Look Positive’ for Gold Price, But 2011 Downtrend Holds http://www.opalesque.com/Commodities_Briefing/?p=144286 http://www.opalesque.com/Commodities_Briefing/?p=144286#comments Fri, 11 Nov 2016 00:45:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144286 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144286>Article Link</a> Gold price gains of 4.5% overnight Tuesday were all erased by the close of London trade yesterday, with a $20 rebound then fading on Thursday as world stock markets extended their rally following Donald Trump’s surprise victory in the US presidential election. (more…)

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Gold miners surge as Trump risk lifts commodity optimism http://www.opalesque.com/Commodities_Briefing/?p=144265 http://www.opalesque.com/Commodities_Briefing/?p=144265#comments Wed, 09 Nov 2016 23:17:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144265 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144265>Article Link</a> Gold jumped as much as $75 an ounce on Wednesday, while gold miners surged as investors watched Donald Trump edge ever closer to the White House. But, as with the other knee-jerk market reactions to the news that the property developer with no previous political experience will be the 45th American president, the yellow metal’s move moderated somewhat following his acceptance speech. (more…)

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Gold price turns negative after surge on U.S. election result http://www.opalesque.com/Commodities_Briefing/?p=144264 http://www.opalesque.com/Commodities_Briefing/?p=144264#comments Wed, 09 Nov 2016 23:17:06 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144264 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144264>Article Link</a> The price of gold turned slightly negative from the sharp gains made earlier on Wednesday, after a conciliatory victory speech from U.S. President-elect Donald Trump also helped the dollar rebound. (more…)

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What’s Next For Gold After Trump’s Victory? http://www.opalesque.com/Commodities_Briefing/?p=144263 http://www.opalesque.com/Commodities_Briefing/?p=144263#comments Wed, 09 Nov 2016 23:16:52 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144263 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144263>Article Link</a> Safe-haven gold was losing ground to a big rebound in the U.S. stock market after its strong overnight losses. ‘I wish I could tell you what happens next, but the markets need some time to reflect on the phrase, President Trump,’ said Kitco Metal’s global trading director, Peter Hug on Wednesday. (more…)

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Gold has become too expensive for almost everyone http://www.opalesque.com/Commodities_Briefing/?p=144241 http://www.opalesque.com/Commodities_Briefing/?p=144241#comments Tue, 08 Nov 2016 23:11:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144241 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144241>Article Link</a> The rise in gold prices this year has made the metal less appealing to buyers across the world. Global gold demand slumped 10% year-on-year in Q3 to 993 tonnes, according to a quarterly report from the World Gold Council published Tuesday. (more…)

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Global gold buying dims 10% in Q3 http://www.opalesque.com/Commodities_Briefing/?p=144240 http://www.opalesque.com/Commodities_Briefing/?p=144240#comments Tue, 08 Nov 2016 23:10:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144240 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144240>Article Link</a> Gold buying globally fell 10 percent in the third quarter as consumer demand in China and India sagged and central banks halved their purchases, despite a rise in investment sentiment, the World Gold Council said. (more…)

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World gold council: India demand down 28% in Q3 on high prices http://www.opalesque.com/Commodities_Briefing/?p=144239 http://www.opalesque.com/Commodities_Briefing/?p=144239#comments Tue, 08 Nov 2016 23:10:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144239 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144239>Article Link</a> Gold demand in India was down 28 per cent at 195 tonnes (271 tonnes) in the third quarter on the back of high prices and Government policies targeted at diverting physical gold demand into financial products linked to gold. (more…)

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