The start of this year presented mixed signals for the global economy. Prices witnessed the continuation of a strong rally from late February going into March. This helped create a lot of positivity in the metals market and market in general, boosting sentiment regarding a strong, healthy U.S. economy. Markets such as the SP500 and […]
Jimmy Chiguil
Geopolitical Tensions and Dollar Strength: Uncertainty Looms in Light of February Markets
The start of the new year presented mixed signals for the global economy and overall financial markets. An optimistic government outlook and positive US economic data initially fueled enthusiasm and anticipation for future developments. However, interest rate fears, rising geopolitical tensions, and concerns regarding future economic growth overshadowed many of these positive perspectives. This resulted in […]
January Market Roller Coaster Ride from Euphoria to Bearish Pressure
January 2024 unfolded as a dynamic and volatile month for financial markets and commodity prices. The early weeks of January saw euphoria among investors fueled with hopes of receding inflation concerns and a dovish fed. However, a hawkish central bank and geopolitical tensions soon dampened that optimism. Meanwhile, falling oil prices and tightened investments drove […]
US Dollar Index Signals Bearish Trends While Precious Metals Shine Bright
This month, prices for stock indices have continued to see gains week over week as we roll into the new year. Last week’s dovish tone from the Fed fueled bets from investors on deeper and faster interest rate cuts going into 2024, which could continue to drive indices up. How will this impact the US […]
November Rally: Multiple Precious Metal Prices Soared, But Silver Stole the Show
This month, both stock indices and precious metal prices saw consistent gains week over week as conflict continues to unfold in the Middle East and Europe. With prices for Yields falling a little over 3%, reaching their lowest levels in two months, price action for stock indices recently drove markets above 7% in response to […]
Precious Metal Prices: Gold, Silver Remain Safe Haven Assets Amid Global Uncertainty
This week, precious metals once again served as safe-haven assets for investors and market participants. That said, some precious metal prices, including platinum, continued to slide due to bearish pressure followed by falling demand. While the world continues to monitor the conflict in the Middle East, metals such as gold and silver have seen an […]
Investors Seek Safe Haven Assets Amidst Geopolitical Conflict
Precious metals like gold and silver are often seen as a safe haven asset during times of economic uncertainty. In recent weeks, we have witnessed a significant increase in the number of global conflicts, imposing high uncertainty and risk among markets for investors. Still, the jury is still out on how this will affect precious […]
Precious Metals MMI: Precious Metal Prices Like Gold and Silver Could Reverse
Month-over-month, the Precious Metals MMI (Monthly Metals Index) witnessed almost no movement and narrowly missed trading flat. Indeed, the index remained sideways, only dropping by a slight 0.11%. That said, the Fed’s stance on holding interest rates at an elevated level could impact precious metal prices in the near future. Interestingly enough, scrap precious metal […]
Platinum’s Dramatic Reversal: Are Precious Metals Prices Poised for a Resurgence?
Since late spring, platinum prices have seen significant downward movements. Crushed by bearish price action, prices have since declined by as much as 14%. At $950 / oz, platinum breached prior lows that had previously acted as support zones. However, precious metals prices for platinum recently bounced by 10% from the most recent low, shooting […]
Precious Metals MMI: Precious Metal Prices Continue to Move Up
The Global Precious Metals MMI (Monthly Metals Index) moved up again month-over-month after a bounce between March and April. The index moved up a modest 3.63%. Every part of the index either trended upward or moved sideways with a slight upward slant. Meanwhile, there are still many factors affecting precious metal prices. Many investors see […]
