Market Update

Gold has been trading at the choppy range of $1190-1210 in the past few days, with gold trading higher against other currencies such as Swiss francs and Japanese yen.   ETF continue to cut their holdings, having sold around 130,379 oz on their last trading session,...

Market Update

Since our last report, gold rebounded and has stayed above the $1202 level.  It was trading above $1210 at the time of writing this report, this is after the news that CFTC investors have taken larger short positions on gold. It is the lowest since 2001, although the...

T1FS Daily Report

Once again gold has edged higher during the Asian trading session, making a high of $1198. It did however come off from the high as traders took profit at the end of the Asian session.   Europe started with small buys, looking to trigger some stops from the upside. It...

Market Update

Gold price has recovered after the selloff we saw last week, with the market trading higher during Asian trading hours. It has traded in the range of $1190-1196 today, despite the market being quieter than usual due to Eid and Summer holidays.  We expect the market to...

ETF Update

(Bloomberg) — Exchange-traded funds added 21,224 troy ounces of gold to their holdings in the last trading session, bringing this year’s net sales to 279,939 ounces, according to data compiled by Bloomberg. The purchases were equivalent to $25.3 million at...

Sell-Off in Gold

The gold sell-off continued this morning, trading at lows of $1160.50 during the Asian session. The market did rebound later during the European session and made a new high of $1182.  Gold was getting dragged down by the sell-off in all precious metals and on copper;...