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Tag Archives: Gold

Commodities Week in Review: March 29 to April 2

Commodities Week in Review: March 29 to April 2 Agriculture  The biggest story this week in the agricultural commodities market was the US Department of Agriculture’s (USDA) 2021 Prospective Plantings report that sent prices soaring. The USDA stated the domestic farmers will plant lower soybean and corn acreage than what market analysts had initially anticipated. This triggered a massive rally on Wednesday, hitting a daily...

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Gold Plunges 1% amid Margin Calls, Rising US Dollar

Gold futures are crashing to start the trading week, threatening to fall below $1,700 for the first time since the beginning of March. The precious metal is joining the decline in the broader financial market as investors liquidate their bullion holdings to cover their margin calls. Is there more bleeding on the way? April gold futures tumbled $18.60, or 1.07%, to $1,713.70 per ounce at 17:00 GMT...

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Commodities Week in Review: March 22 to March 26

Agriculture  Most of the hard and soft agricultural commodities took a noticeable hit this week as the industry joined the broader market decline. As investors rebalance their portfolios and transition to various sectors, agricultural investments suffered a slump. Moreover, Treasury yields rose, the US dollar strengthened, and various supply and demand factors weighed on several crops. Cocoa  Friday Settlement:...

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Gold Slumps on Turkish Tumult As Erdogan Axes Central Bank Chief

Gold futures are slumping to kick off the trading week as investors seek shelter amid Turkey’s tumultuous political developments. Turkish stocks and the lira are in freefall on Monday after President Recep Tayyip Erdogan terminated his central bank chief only four months into his four-year term. Gold markets are also waiting for Federal Reserve Chair Jerome Powell‘s speech on Monday, with markets paying attention to any details...

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Video: Weekly Commodity Forecast March 22-26, 2021

In the present video, Phil Carr from The Gold and Silver Club provides his forecast for commodities during the week of March 22–26, 2021. He starts the video by recapping last week’s price moves in the metal market. Next, he provides fundamental analysis, listing macroeconomic reports and events that will affect markets this week. Phil then turns to technical analysis, showing charts of gold, silver, platinum,...

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Commodities Week in Review: March 15 to March 19

Commodities Week in Review: March 15 to March 19 Agriculture  It was a rough trading week for most of the hard agricultural commodities, with China coming into focus and a stronger US dollar. It is being reported that the world’s largest agriculture consumer is witnessing a resurgence of the African swine flu, the same disease that decimated its hog supply in 2018 and 2019. Investors have been cautious that...

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Gold Under Pressure from Rising US Dollar, Treasurys

Gold futures are trading relatively flat to end the trading week as a strengthening US dollar and mixed bond market weighed on the precious metal. Despite the lackluster movement in gold prices, the yellow metal is poised for its second straight weekly gain. Can gold find support for $1,750 toward the end of March? April gold futures rose $2.60, or 0.15%, to $1.735.10 per ounce at 15:35 GMT on Friday...

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Video: Gold Price Forecast as of 17 March 2021

In the present video, Phil Carr from The Gold and Silver Club talks about gold and several other commodities as of March 17, 2021. He discusses the recent price moves of bullion and how traders could have reacted to them. Phil also explains what events will be affecting the market, in particular the FOMC announcement. If you found this video useful and want to see more videos like this one or if you want...

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Video: Updated Gold Price Analysis for March 2021 – Rebound or Just a Correction?

In the present video, David Jones from Capital.com provides his updated forecast for gold in March 2021. He starts the video with fundamental analysis, explaining what factors were behind the 15% pullback from the record highs reached in August and what events will affect gold prices in the future. With monetary policy announcements from several major central banks, this week can be very impactful on gold. Next, David turns...

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Gold Attempts Comeback As Metal Climbs Above $1,700 amid Treasury Reprieve

Gold futures are kicking off the trading week and looking to stage a comeback and target $1,800. After an abysmal start to 2021 amid a strengthening US dollar and renewed confidence in the broader economy, investors have been selling their yellow metal holdings. But with inflation fears intact and a looming Federal Reserve meeting, gold prices might be trying to trigger another rally. April gold futures rose $8.80,...

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