Zaner Precious Metals Report

Thursday, November 21, 2019 7:13:13 AM America/Chicago

The bull camp has to be a little disappointed with the action in the gold market yesterday as the market managed a nine-day upside breakout off a global risk-off environment, but then reversed course and settled lower despite a continuation of risk-off through the end of the US session.

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Posted in News By Zaner Metals

Grant on Gold Blog

Wednesday, November 20, 2019 10:28:47 AM America/Chicago

Gold set a new 9-session high overseas at 1478.81 before once again coming under intraday pressure. The yellow metal is being underpinned by rising geopolitical tensions between the U.S. and China, which are amplifying the existant trade tensions.

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Posted in News By Peter Grant

Zaner Precious Metals Report

Wednesday, November 20, 2019 7:16:13 AM America/Chicago

While the initial gains in gold are somewhat anemic, the bias is pointing up to start today. In other words, one might've expected gold to have leaped higher following aggressive tariff threats from the White House yesterday and also in the wake of the US Senate passing a bill that supports Hong Kong protesters and threatens the Chinese government.

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Posted in News By Zaner Metals

Zaner Precious Metals Report

Tuesday, November 19, 2019 7:16:54 AM America/Chicago

While a small trade deal could surface at any time, we think official Chinese media propaganda yesterday suggesting the Chinese are monitoring US impeachment hearings, indicates they might be in no hurry to sign a deal as there is a chance the President will see his political position weakened significantly and that in turn could soften his demands.

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Posted in News By Peter Grant

Grant on Gold Blog

Tuesday, November 19, 2019 12:09:21 AM America/Chicago

Gold edged to a new 8-session high overseas and remains generally well bid in U.S. trading, despite continued stock market strength. Waxing and waning optimism regarding a Phase 1 trade deal is still seemingly the primary driving forces in the market.

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Posted in News By Peter Grant

Grant on Gold Blog

Monday, November 18, 2019 3:19:21 PM America/Chicago

Gold started the U.S. session under pressure amid reports of high-level trade talks over the weekend that sent U.S. equities to new record highs. However, last week's corrective lows in the yellow metal were never threatened and gold appears poised to close higher on the day.

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Posted in News By Peter Grant

Zaner Precious Metals Report

Monday, November 18, 2019 9:15:12 AM America/Chicago

Hope springs eternal for progress on trade and that sentiment was given further fuel by media reports of a top-level conference call over the weekend. Therefore it is not surprising to see US equities poised for more new all-time high prices this morning which in turn facilitates safe-haven sell in gold.

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Posted in News By Zaner Metals

Grant on Gold Blog

Friday, November 15, 2019 11:45:56 AM America/Chicago

Gold has eased modestly after the White House revived expectations of at least a limited trade deal. However, gains accrued over the previous three sessions leave the yellow metal poised to close higher on the week.

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Posted in News By Peter Grant

Zaner Precious Metals Report

Friday, November 15, 2019 9:35:06 AM America/Chicago

With the trade pendulum shifting positive following comments from the White House that the two countries were getting close to a deal, a setback in gold and silver prices is fully justified. In fact, the chief economic advisor indicated that the talks were down to what he called the "short strokes" and that news is given additional credence by reports of high-level meetings.

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Posted in News By Zaner Metals

Grant on Gold Blog

Thursday, November 14, 2019 12:45:24 PM America/Chicago

Gold firmed to new highs on the week, bolstered by the further dimming of trade deal optimism, a softer dollar and mounting global growth risks.

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Posted in News By Peter Grant