Gold is expected to drop further due to a combination of weakening investor demand for safe-haven assets amid a potential US-China trade deal, and the anticipation of delayed or fewer US interest rate cuts, which reduces the appeal of gold compared to interest-bearing assets. Analysts also point to factors like potential slowing central bank buying and a stronger US dollar as additional downward pressures.
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Middle East Tensions, Support For Gold
Gold Silver Reports ~ The first week of the new year was an exceptionally volatile one with Crude Oil dropping to new 13-year lows as the oversupply worries continue to worsen. Precious Metals finally broke out of its month long trading range as rallied to $1100.0 whereas Silver largely remained in the same range.
Stocks Slip With Crude Oil
Gold Silver Reports ~ Stocks extended last week’s global rout, oil dropped and the South African rand led a slump in emerging-market currencies as China’s efforts to stabilize the yuan failed to halt losses in equities.
Gold Market As The Farmers Would Produce Less Output
Gold Silver Reports ~ As the winter is unlikely to bring bright prospects for India’s rabi crops, it will dent the rural demand for gold also in this wedding season. Experts expect 10-15% dip in country’s gold purchaes this year as farmers are likely to reduce gold buying on account of poor kharif crops, the expected down in rabicrops and low commodity~prices.
Crash In Crude Oil Prices With A Crippling Impact
Gold Silver Reports ~ Crash in crude oil prices with a crippling impact on the economies of the Gulfnations would deal a severe blow to remittances to India, Pakistan and other Asian nations with a maximum possibleimpact on states like Kerala and Punjab.
Time For Silver To Outperform Gold
Gold Silver Reports ~ Gold trading near a 2 month high, its price buys 78 ounces of silver, near the most since August. In the past two decades, the ratio has only been above that level on about five occasions, and never for more than a three months.
High US Rates Greater Safe Haven Demand for Gold
Gold Silver Reports ~ Charles Gibson, an analyst with London-based Edison Investment Research, is nervous. Gibson says the U.S. Federal Reserve’s statement that it would push the benchmark interest rate to 1.375% by the end of 2016 could send