How Traders Are Approaching the Rise and Rise in Silver and Platinum
Silver and platinum have surged, with silver up 60% YTD. Should traders chase momentum, fade the rally, stand aside, or trade relative value vs gold? Explore key strategies and risks.
Risk Rally Rolls On As Greenback Rolls Over
Stocks extended gains, as gold notched another new record, yesterday, while the greenback rolled over, amid a lack of fresh catalysts. Today, ‘flash’ PMIs, and remarks from Fed Chair Powell are in focus.
Gold Outlook: Prices Hit New Record Highs, Rate Cuts Remain the Main Driver
After a brief pullback, gold has resumed its upward momentum, trading above $3,700 and hitting new record highs. Bullish momentum is supported by Fed rate cut expectations and central bank purchases. Buying on dips remains the preferred strategy, with this week’s Fed speeches and core PCE data potentially driving short-term volatility.
Gold Outlook: Upward Momentum Pauses, FOMC Meeting in Focus
With expectations of a Fed rate cut and ongoing geopolitical tensions, gold has settled into a high-level consolidation. This week, U.S. retail sales and the FOMC meeting will be the key events to watch, potentially shaping whether gold can resume a directional trend.
Trader Insights: Ethereum Poised for a Bullish Breakout, Solana Trending Strongly Higher
The set-up in Ethereum (ETHUSD) looks compelling and kicks firmly onto the radar, with the price action turning increasingly bullish and raising the probability that price could kick higher and make a new assault on the ATHs of 4956.
Gold Outlook: Prices Break $3,600! U.S. Inflation Becomes Short-Term Focus
Gold continues its upward momentum, surpassing the $3,600 mark. Weak employment data, central bank gold purchases, and geopolitical risks support the bulls, while this week’s U.S. CPI and PPI releases will be closely watched.
Markets Liven Up As September Gets Going
Stocks slipped, DM govvies sold-off, the dollar advanced, and gold notched a new record high on Tuesday, as September properly got underway. Today, PMIs, JOLTS, and BoE speakers are in focus.