MARKET NUGGETS
Standard Chartered: equities 'stunted gold's advance but 'price risk remains skewed to the upside'
Jun 4, 2020 11:51AM(Kitco News) - Gold this week dipped to around $1,700 an ounce, and rising equity markets "have stunted gold's upward momentum," said Standard Chartered. However, the metal was up $12.60 to $1,713.40 an ounce as of 11:40 a.m. EDT after dipping below $1,700 on Thursday.
TDS: gold prices hold support, investors 'have reason to return'
Jun 4, 2020 09:31AM(Kitco News) - Gold has bounced after nearing chart support and the combination of stimulus measures and inflation expectations suggest investors will have reason to return to the market, said TD Securities.
BMO: Amplats news, Chinese car sales could boost PGM prices
Jun 4, 2020 08:11AM(Kitco News) - The combination of another supply disruption in South Africa and improving Chinese auto sales bode well for prices of platinum group metals, said BMO Capital Markets.
Metals Focus: trade tensions impact electronics demand for precious metals
Jun 3, 2020 09:11AM(Kitco News) - Trade tensions are impacting precious-metals demand from the electronics industry, said Metals Focus. The consultancy said electronics has accounted for 6% to 8% of global gold demand in recent years, around 30% for silver, 8% for palladium and 2% for platinum.
Commerzbank: Indian gold demand 'at rock bottom'
Jun 3, 2020 08:38AM(Kitco News) - Gold demand in India was still at rock bottom in May, said Commerzbank. Analysts cited reports saying Indias gold imports were a mere 1.4 metric tons last month.
RBC's Gero: gold eases on profit-taking as investors seek 'other opportunities'
Jun 3, 2020 08:35AM(Kitco News) - Comex gold has been softer so far this week as investors look at other opportunities for the moment, particularly with unrest in the U.S. calmer and the reopening of businesses globally after pandemic-related shutdowns, said George Gero, managing director with RBC Wealth Management.
Commerzbank: distrust of 'money printing' fuels ETF gold inflows
Jun 2, 2020 07:49AM(Kitco News) - Continued inflows into gold exchange-traded funds show that investors are not completely comfortable with an unprecedented money-printing orgy by central banks, said Commerzbank.
BBH: U.S. dollar under pressure; balance sheet for Fed grows faster than other central banks
Jun 2, 2020 07:48AM(Kitco News) - The U.S. dollar remains under pressure, perhaps because the Federal Reserves balance sheet is growing far faster than central banks of other major economies, said Brown Brothers Harriman.
Bannockburn: gold's downward correction looks done, recent advance 'warns of a run at the high'
Jun 1, 2020 07:54AM(Kitco News) - Gold appears to have completed a downward correction and may be ready to run higher, said Bannockburn Global Forex in a technical-chart analysis.
BBH: jobs report to highlight heavy weekly slate of U.S. economic data
Jun 1, 2020 07:52AM(Kitco News) - Traders have a heavy slate of U.S. economic data to digest this week, culminating in the monthly jobs report on Friday, said Brown Brothers Harriman.
Mitsubishi: industrial, ETF demand boost silver prices during May
May 29, 2020 09:00AM(Kitco News) - Silver prices rose sharply during May as industrial demand picked up and exchange-traded-fund investment was strong, said Mitsubishi.
Commerzbank: 'silver is currently in greater demand than gold'
May 29, 2020 08:20AM(Kitco News) - Demand for silver has been stronger than gold lately, said Commerzbank analyst Daniel Briesemann. Silver has recently made good some more ground vis-à-vis gold, as can be seen from the fact that the gold/silver ratio has dipped below 100, the analyst said.
 |
