Could fixed income yields be pointing to more problems ahead for precious metals?
(Kitco News) - Below is the monthly chart of the U.S. 30-year yield and a significant trendline has been broken. The 30-year is sometimes looked at for mortgage bond rates and this graph shows they have been on the rise for some time now and this could show that the housing market in the U.S. may be in for a shock.
Gold and silver move lower ahead of the European open
(Kitco News) - Gold (-0.22%) and silver (-0.58%) both trade lower leading into the European cash open. In the rest of the commodities complex, copper is flat but spot WTI is up around 0.60%.
Gold heads lower leading into the European open
(Kitco News) - Gold (-0.29%) has had a couple of very tough sessions and trades at $1659.60/oz ahead of the European open. Silver (-1.17%) is also trading lower at $18.94/oz. In the rest of the commodities complex, copper (-0.23%) and spot WTI (0.37%) are mixed.
Gold and silver move lower ahead of the European open
(Kitco News) - Gold (-0.49%) and silver (-1.47%) are both trading lower ahead of the European cash market open. In the rest of the commodities complex, copper (0.13%) is holding its head above water, and spot WTI (-0.61%) has taken a dive.
Gold and silver are flat leading into the European open
(Kitco News) - After Tuesday's dramatic drop gold and silver are flat leading into the European open. In the rest of the commodities complex, copper (0.13%) is trading higher but spot WTI has fallen 0.64%.
Gold price technical analysis
(Kitco News) - The Gold price has been increasing in recent sessions and now the price has converged into a chart formation on the 4-hour chart.
German ZEW data confirms bleak picture
(Kitco News) - The German ZEW number printed slightly below expectations as the prospect of energy shortages points toward a bleak outlook.
Gold and silver trade marginally lower ahead of the European open
(Kitco News) - Gold (-0.07%) trades marginally lower but silver is almost down half a percent leading into the European open. Elsewhere in the commodities complex, copper (0.11%) and spot WTI (0.29%) are trading higher.
Gold and silver are mixed ahead of the European open
(Kitco News) - Gold (-0.18%) and silver (0.77%) are mixed this morning ahead of the European cash market open. In the rest of the commodities complex, copper (-0.27%) and spot WTI (-0.52%) both trade in negative territory.
ECB talk takes EUR/USD higher
(Kitco News) - After the historic rate hike this week, there has been lots of ECB talk today. The ECB hiked by 75 bps moving its primary refinancing rate to 1.25%, its highest level since 2011.
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