market analysis

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...

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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 though...

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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...

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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...

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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...

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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...

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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,...

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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...

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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...

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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...

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