The gold price has been on the rise during the pandemic this year. As infections rise, vaccines loom on the horizon and economies gradually recover, what do we expect from the gold price in 2021? Gold price bulls The bulls are predicting a resurgence in the price to U.S. $2,300 per troy ounce in 2021. […]
Tag: Precious Metals
Is silver pausing for a breather or has the market topped?
Silver’s rise has been meteoric since its low in mid-March. The precious metal’s surge has been particularly notable over the last month. Both gold and silver have benefited from cheap money, a weak dollar and stronger oil prices. The yield on the benchmark 10-year U.S. Treasury note is presently around 0.57%, while the oil price […]
Silver’s recovery has been dramatic — but how high can it go?
Early this year, the silver market was going through a tough time. Its reaction to the growing pandemic was in stark contrast to that of gold. The disconnect between the two metals rose to historic proportions, as gold rose on the back of deeply negative real interest rates and expectations, justified or otherwise, of rising […]
This Morning in Metals: Precious metals prices take a tumble
This morning in metals news, precious metals prices have taken a hit, Washington state repealed a tax break that had benefited Boeing and the Pilbara Ports Authority released February shipping data. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Precious metals tumble Earlier this week, we […]
Precious metals leave base metals in the shadows
We have covered the precious metals and palladium, in particular, a few times over recent months, not because we have suddenly become PGM investors (although looking at price performance, that would have been a fortunate move) but simply because they are the only metals sector showing any real dynamism. Looking for metal price forecasting and […]
A Shifting U.S. Dollar Could Impact Precious Metals Prices
Several years ago, analysts and mainstream publications once speculated the yuan would eventually replace the U.S. dollar as the world’s reserve currency. But with most commodities still priced in U.S. dollars, especially oil, the U.S. dollar has remained the world’s reserve currency. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
