National Bank of Hungary buys gold

Gold traded above the $1220 on Friday, and has since continued to attract buying from some investors. ETF itself bought 110,633 ounces of gold on the last trading session and short covering from physical buyers supported gold above the $1224 level. At these current...

Daily Report

In the past few weeks, gold has been trading in the range of $1180 – $1210.  It has remained in this range since the FOMC decision to hike the rates.  The gold market has been helped by the market expectation of another interest rate increase this year,  even...

Daily Report

Gold broke range and traded above $1200. It has been trading above that level since yesterday, this being after a weaker than expected PPI and CPI, that gave a bit of hope that the interest rate might not be increased in the upcoming meeting on the 26 of September...

Daily Report

Since yesterday gold has been trading in the range of  $1190-1200. It did pick up in the last hour due to a weaker than expected PPI, with data showing it has declined for the first time in 18 months. This gives little hope to investors that there may be some doubt in...

Daily Report

Gold has been trading in the range of $1190-1200 in the past few days, with the market still looking to sell on the rallies. This is even after Fridays non-farm pay roll, which was better than expected and pushed the likelihood of the Federal rates hike in the...

Daily Report

Gold closed the month of August on a high note at $1201. We have started September with data from the CFTC showing there is some short positioning recovery from investors. However it’s still a long way for average levels, having covered shorts by 11,777 lots as of...