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Gold and Oil News - January 20, 2020 12:34
Gold Prices Holding Firm Above $1500
Gold prices have seemingly found a comfortable level above $1500 this last week. This comes after a phenomenal rise in late December in anticipation of the USA China trade deal being signed off and the President’s impeachment. This rise continued to accelerate into January when the USA assassinated the Iranian General Qasem Soleimani. Worries of […]
Oil Prices Fly Whilst Stocks Say “Whatever”
As you most likely know there was a little bit of an incident in Saudi Arabia at the weekend. Something about an Oil refinery being attacked and set ablaze, and the worlds Oil supply being disrupted. There’s currently lots of finger pointing happening from all sides on who is to blame for these attacks, but […]
Gold Prices, Yield Curves and Rate Cuts
It’s been a strong year for Gold. Prices have surged during the second quarter (and into the third) with rate cuts, China trade war and the so called inverted yield curve being the catalysts for a flight of money into Gold. After breaking out of the early year range at the very end of May, […]
Gold Price Hitting New 6 Year High But Will It Continue?
Gold prices have been on a fantastic run higher for the last 4 weeks after a breakout of the early 2019 range. The breakout came with the speculation that the Federal Reserve may begin to lower interest rates after a period of hikes. Whilst no rate cut has yet been implemented there are many commentators […]
The Pound is in Freefall – When Will It Stop?
It’s been a rough old time for the British Pound. Since the start of the 2nd week of May it’s been completely freefalling. GBPUSD has dropped over 1000 pips to 1.26390 at the time of writing this. There has been no recovery, no respite, just continued weakness. It seems that nobody loves the Pound. The […]
FTSE Weaker in Q2 But Looking For Support
Early Q2 exuberance on the FTSE 100 seems to have settled, and in predictable form the main UK index of large cap blue chips is retracing in order to find support. As is often the case during summer months, the FTSE 100 seems to be looking for a trading range until Q3 gets underway. The […]
GBP Gets Ready for an Unpredictable Day with Meaningful Vote 2
All eyes are once again focused on the British Pound, with a crunch vote happening today on the deal which Theresa May has secured with the EU parliament. As news broke on Monday evening that there was now an agreement on the Northern Ireland backstop (which has been the main point of controversy throughout the […]
Share Prices Undecided on Direction as Brexit Uncertainty Continues
Major stocks around the globe have been rising since the turn of the year, and share prices in the UK are no different. The FTSE 100 index was roughly 450 points off the December lows at the tail end of last week, when the index price briefly hit 7000 in early trading and fell sharply […]
Gold Prices – Have We Hit The Resistance?
The strength of Gold prices has remained high over the last 10 days since reaching the resistance at just under $1300. If you look left on a daily chart, you can see this was the area that clearly broke down in June 2018. Gold is fighting against higher prices here, a true battle of bulls […]
Gold and Silver Prices Continue to Creep Higher
Gold and Silver prices continued to push towards their recent highs yesterday, aided by the US Dollar which began to slide further away from the 2018 highs. Gold has been on a run lately, after breaking through the 1230 resistance area following the end of November Non-Farm Payroll report. Currently the gains in Gold and […]
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