Weekly data release shows commercial traders adding short positions while speculators continue to go long on gold.
Silver's historic cup and handle pattern, one of the largest ever seen, signals a potential price surge. Renowned experts predict a massive breakout.
Gold may be getting the attention, but silver might be the best play, according to a Saxo Head of Commodity Strategy Ole Hansen.
Gold and silver hover around $2,570 and $30.60 as markets anticipate a 25 bps Fed rate cut, impacting both precious metals amid geopolitical tensions.
Gold doesn’t correlate strongly to U.S. presidential elections, but has performed slightly better after Democratic wins.
Last year was the first time in 30 years that gold miners made no major gold discoveries.
Precious metal has lagged heavily over five years, but is starting to show signs of upward momentum
The Fed is about to cut interest rates, and if history is an indicator, that could be very good for gold.
Odds of a 50-basis-point interest rate cut at next week’s FOMC meeting skyrocketed Thursday after new U.S. data shows inflation has not cooled. Blackrock analyst said larger cut could spark concerns.
AngloGold purchases Centamin at a 36% premium in a $2.5 billion deal announced Tuesday
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