Leading US indicators are now clearly pointing the US into a recession. March results sunk to -1.2%, the biggest decline in 3 years. The LEI (Leading Economic Indicators) is a gauge of 10 indicators designed to show if an economy…
Gold Spot Price $AU2987 Silver Spot Price $AU37.56 Platinum Spot Price $AU1623 After 5 straight weeks of gains, Silver has found a resting place at $US25.20. Gold is also pausing its rise, currently at $US2006. Bullion pricing ‘taking a breath”…
The US500 and ASX200 share markets have enjoyed their fourth consecutive week of gains, but despite the positive trend, the US economic data is looking shaky. The Consumer Price Index (CPI) for March was lower than predicted at 0.1%, while…
Gold Spot Price $AU3027 Silver Spot Price $AU38.16 Platinum Spot Price $AU1521 Traders of US equities have made their position clear. Confidence in the share market in now at a 12 year low. With some news headlines using this as…
Gold prices ended the week with a record close above $2,000 for the first time ever, marking an important milestone for the precious metal. In this weekly forecast, we’ll explore the factors that contributed to this achievement and the events…
Gold Spot Price $AU2994 Silver Spot Price $AU37.14 Platinum Spot Price $AU1524 Last night Gold and Silver punched through their resting points, with Gold up 1.8% and Silver up 4.2% in the last 24 hours. Silver was the best performer…
On the back of another rate rise and numerous banking woes, the markets have recovered and jumped upwards in the past week. The US500 started out at 3950 and is now sitting comfortably at 4054 at the time of writing.…
Silver prices have been on the rise recently, with the XAG/USD trading at new monthly highs above $24.00 a troy ounce. Despite the rising value of the US Dollar, market sentiment continues to be the main driver in the session,…
Spot pricing for Gold $AU2942 Spot pricing for Silver $AU34.87 Spot pricing for Platinum $AU1454 On the back of last week’s Credit Suisse failure, we are now seeing worrying signs from the Deutsche Bank and other European banks. Deutsche Bank’s…
The FED announced yet another rate rise on Wednesday this week, lifting the base rate from 4.75% to 5%; the highest in nearly 16 years. On the back of multiple bank failures, declining manufacturing data and a plethora of other…
Gold Spot Price $AU2907 Silver Spot Price $AU33.69 Platinum Spot Price $AU1,474 Market News Highlights Another extremely volatile week again on the back of additional banking news, specifically from Credit Suisse. A seemingly timeless bank is now no more. This…
Last week we perfectly picked the storm that saw the US500 and ASX200 plummet. This week sees markets still in recovery amidst multiple US bank failures and notices of weakness from other banks worldwide. We also saw additional data coming…
Credit Suisse Group’s stock suffered a record-breaking 30% plunge, leading to a subsequent decision to take a $54 billion lifeline from Switzerland’s central bank. This news comes after the bank’s announcement of “material weaknesses” in its 2021 and 2022 financial…
Gold Spot Price $AU2847.08 Silver Spot Price $AU32.44 Platinum Spot Price $AU1,475.81 Market news highlights On the back of the extraordinary news of bank failures in the United States (Silicon Valley Bank, Signature Bank, Silvergate Bank), Gold and Silver have…
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