Geological’ inflation is here how does this affect gold and silver price?

‘Geological’ inflation is here; how does this affect gold and silver price? Guest(s): Randy Smallwood We're living through a period of "geological inflation" which describes an environment of ever increasing demand for metals, but dwindling reserves, said Randy Smallwood, CEO of Wheaton Precious Metals. "It is getting tougher and tougher to find assets, to find […]

Is the worst behind us? Here’s what’s next for gold price

Is the worst behind us? Here’s what’s next for gold price After losing more than $200 since the start of the year, gold may have finally found its bottom – Monday's 10-month low. This is definitely the theme from this week's top 3 stories, with key figures in the gold space calling for higher prices […]

Gold and silver had mixed results in trading yesterday

Gold and silver had mixed results in trading yesterday After two days of substantial gains, we see both gold and silver consolidating at current pricing. This factor bodes well for the assumption that both precious metals, after sustaining an approximately 61.8% Fibonacci retracement from the highs achieved in August of last year, as potentially an […]

Gold and silver are once again higher leading into the EU open

Gold and silver are once again higher leading into the EU open Gold and silver are heading into the EU session both trading higher. The yellow metal is 0.61% in the black trading at around $1736/oz while silver is 0.58% higher at $26.34/oz. Overnight the risk sentiment in equities markets was pretty good as the […]

Gold is flat leading into the EU session

Gold is flat leading into the EU session Gold and silver are mixed leading into the EU session this morning. Gold trades $15 above the $1700/oz level while silver is at $25.79/oz. After inheriting a positive risk sentiment overnight the Aisa-Pac bourses are mixed. The ASX (-0.84%) and Shanghai Composite (-0.05%) trade in the red […]

Is gold price gearing up for a Christmas rally?

Is gold price gearing up for a Christmas rally? As this tumultuous year winds down, the gold price seems to be positioning itself for a year-end rally as markets bet on more stimulus next week, analysts told Kitco News. Gold price attempted to push through the key psychological resistance level of $1,900 an ounce this […]

Gold and silver are now in a perfect storm scenario

Gold and silver are now in a perfect storm scenario Sadly, the events that began in March when the Covid-19 epidemic officially became a global pandemic has led to the current state of the economy. Actions by the Federal Reserve and the U.S. Treasury have resulted in a perfect storm of events that have taken […]

Gold pushes higher leading into the EU session

Gold pushes higher leading into the EU session Gold has moved half a percent higher leading into the EU session and taken out the previous wave high at $1875.28. Silver is also trading well and has moved past $25.50 to trade 1.60% higher overnight. The general risk sentiment overnight in the Asia Pac area is […]