Senior Trader Daily Update 07 August 2017
Good morning everyone and I trust you had a good weekend. The long and short of trading on Friday was that gold and silver had the wind knocked out of their sails somewha...
07 August 2017
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Market Updates
Regular updates on global precious metal market movements.
Stay up to date with weekly price movements and the key financial, geopolitical, and economic factors shaping global and local precious metal markets.
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Senior Trader Daily Update 04 August 2017
Good morning everyone, Thursday saw range-driven trading in gold ahead of Friday’s US Bureau of Labor Statistics employment data release. Market consensus for the headlin...
04 August 2017
Senior Trader Daily Update 02 August 2017
Good morning everyone. Choppy / volatile trade was seen on Tuesday with the USD fluctuations the main driver. During Far Eastern trading, XAU/AUD was under early pressure...
02 August 2017
Senior Trader Daily Update 01 August 2017
Good morning everyone and we return to normal service here after a short break. Month-end and XAU/AUD closed on a firm footing as the Greenback hit its lowest level again...
01 August 2017
July 2017 Gold and Silver Market Update
GoldGold has had a powerful recovery through the last three weeks of July as the price held technical support at US$1208 level, dipping below very briefly before a surge...
30 July 2017
Gold Struggles as AUD Rallies
Precious metal bulls have endured a difficult few weeks, with the price of gold falling from USD $1,266.20oz at the end of May 2017 to USD $1,230.30oz on Friday the 14th...
18 July 2017
Senior Trader Daily Update 18 July 2017
Good morning everyone. Friday’s weak US CPI (+1.6% Y-oY) & Retail Sales data releases saw XAU/USD finally reclaim the technically significant 200 Day moving average, as p...
17 July 2017
Senior Trader Daily Update 10 July 2017
Good morning everyone and I trust you enjoyed your weekend. We are running a little lean here this week, so apologies for the morning wrap coming through as a midday wrap...
09 July 2017
Senior Trader Daily Update 07 July 2017
Good morning everyone and happy Friday! A good day for range-traders as the precious metals chopped around / consolidated on Thursday, managing to retain the bulk of rece...
07 July 2017
Senior Trader Daily Update 06 July 2017
Good morning everyone. As noted in Tuesdays commentary, geopolitical developments can change market sentiment rapidly and with the newswires broadcasting the following he...
06 July 2017
Senior Trader Daily Update 05 July 2017
Good morning everyone. Very little to comment on due to the Independence Day holiday in the US overnight, other than to make note of the sharp bounce in XAU/AUD yesterday...
05 July 2017
Senior Trader Daily Update 04 July 2017
Good morning everyone. The DJIA posted a record high overnight ahead of the Independence Day holiday in the US and the Greenback rallied strongly against the majors (EUR,...
04 July 2017
Senior Trader Daily Update 03 July 2017
Good morning everyone. I trust it was a pleasant weekend. Precious metals continued back-pedalling on Friday. The looming Independence Day holiday in the US tomorrow, as...
03 July 2017
Senior Trader Daily Update 30 June 2017
Good morning everyone and Happy Friday! Precious metals values remained on the backfoot with the normally supportive US dollar weakness factor, taking a back seat to gene...
02 July 2017
Senior Trader Daily Update 27 June 2017
Good morning everyone.There is no rhyme, reason nor logic behind the ‘clip’ of gold that was forced through the COMEX / CME August Gold Futures contract between 9.01am an...
27 June 2017
Senior Trader Daily Update 26 June 2017
Good morning everyone. I trust you enjoyed your weekend. Gold and silver closed out last week on a somewhat buoyant note, a weaker Greenback providing a boost but arguabl...
26 June 2017
Gold: Bored or Bullish?
It’s been a poor end to the financial year for precious metal investors, with both gold and silver declining for most of June. In USD terms, gold started the month around...
23 June 2017
Senior Trader Daily Update 23 June 2017
Good morning everyone and happy Friday.Tales of the feted Japanese swordsman Miyamoto Musashi (1584 – 1645) often recount how the Ronin had the ability to defeat reputabl...
23 June 2017
Senior Trader Update 21st June
Good morning everyone, Gold and silver continued their retreat on Monday as US equities and Greenback strength weighed upon precious metals investor sentiment. ETF redemp...
21 June 2017
Senior Trader Update 20th June
Good morning everyone, Gold and silver continued their retreat on Monday as US equities and Greenback strength weighed upon precious metals investor sentiment. ETF redemp...
20 June 2017
Senior Trader Market Update 19 June
Good morning everyone and I trust you had a good weekend. The effects of Wednesday’s US FOMC monetary policy statement continued to reverberate across the precious metals...
18 June 2017
Senior Trader Update - Fed Hikes Rates 15 June
Good morning everyone. The focus overnight was entirely upon the US central bank’s FOMC monetary policy statement which confirmed a widely anticipated interest rate hike...
16 June 2017
Senior Trader Update 13 June 2017
Good morning everyone and I trust you enjoyed your long weekend. Keeping it brief this morning, gold and silver are both weaker since we last convened in spite of a softe...
13 June 2017
Senior Trader Update Friday 9th June
Good morning everyone and Happy Friday! Gold, silver and platinum slid lower in AUD terms before bargain hunting and shortcovering lifted them out of their lows while a ‘...
08 June 2017
Senior Trader Update- Gold Breaks Out of Multi-Year Downtrend
Good morning everyone. If gold is the thermometer that reflects the health of the global economic and geopolitical body at any moment in time, then the yellow metal’s ral...
07 June 2017
Senior Trader Update 6th June
Good morning everyone. Economic data releases are seemingly providing the intraday speculative flux at present, with political and geopolitical events less dominant for t...
06 June 2017
Senior Trader Update 5 June 2017
Good morning everyone. I trust you had a good weekend. Having drifted lower throughout Asian trading on Friday before a positon-squaring bounce into the European session,...
05 June 2017