The fall in real yields alongside the fall in the USD surrounding rapid US rate re-pricing on the recent banking woes has been a great catalyst for precious metals. Gold…
Bank forecasts are rising for gold’s year-end price now after the latest SVB banking crisis. Citi raises its Q2 2023 gold price forecast to USD 1,875/oz (prev. USD 1,800/oz), Q3…
The Fed is set to meet on Wednesday next week and speculation is growing that silver will surge on falling real yields. The logic is that the SVB crisis will…
This is the time when the two competing narratives over the Fed’s path of rates get to test each other. STIR markets have been pricing in two rate cuts this…
The outlook for the Federal Reserve is mixed. On one hand, the US economy could be heading towards a recession next year. The November FOMC minutes stated that it was…
Last week the FOMC minutes showed that the Fed now saw a US recession for 2023 as pretty much a ‘base case’. This was a surprise revelation and allowed markets…
Why is silver demand expected to rise sharply in India? Quite simply, because of pent-up demand post-Covid. Supply chain issues and falling demand meant silver demand was pressured in 2020…
It was on Friday 21st October that the first indication of a Fed slowdown in rate hikes started to become apparent. Fed’s Daly was the last Fed speaker before the…
One ratio that precious metal traders must know about is the gold/silver ratio. This ratio shows the price of silver relative to gold. When the gold/silver ratio is high it…
The reaction to the last Non-Farm Payroll print was based on the view that the Federal Reserve would not need to pivot and a 75 bps rate hike was coming.…