The metals and the brent become cheaper

The appreciation of the US dollar after the Fed hinted that it would raise more interest rates this year, had an adverse effect on the prices of precious metals and oil.
Silver fell to 15.40 dollars per ounce, while platinum fell to 815 dollars per ounce. Gold is traded early this morning at $1,217 an ounce.
Oil has also been affected by the appreciation of green money and has continued its decline since the last two days. On Wednesday the raw material lost 2.5% of its value.
Earlier this morning, the Brent was traded at $71.90 a barrel and US crude at $68.4.
Oil prices are influenced by the effects of continuing tensions in world trade, but market participants are worried about any slowdown in economic growth around the world.

US indices ended yesterday on green territory

Yesterday, the US indices ended in positive territory, with the biggest gain of 0.5% being the Dow Jones blue chip index. The broad S&P 500 added 0.4% to its value. With least gains ended the technological Nasdaq, adding only 3 points to its value. Otherwise, the index following the performance of the smaller companies - Russell 2000, ended in a negative territory.
Oil lost $0.5 of its value, and noble metals returned almost everything earned within the day. Earlier this morning gold is traded at levels of $1,250 per ounce and silver is below the psychological limit of $16.00 per ounce. Now is the question whether we will see a test of the bottom at $15.60 an ounce and will it remain in force?

The silver broke $16 - the next stop is 15.50

Traditional economic theories say that gold and other precious metals should rise in times of geopolitical uncertainty. In an environment of constant mention of the word "trade war" between the US and China, what better geopolitical instability than this?
Still, noble metals can not find their way up and continue with their loss.
Gold broke the key support level of $1,250 and traded at $1,248 earlier this morning. Subsequent levels of support for the yellow metal are at levels of about $1,230 per ounce.
More worrying is the silver situation, where there was a break of the psychological limit of $16 per ounce. This level has already stopped the downward depreciation of the metal several times, and now the situation is quite worrying.
It seems almost certain that silver will test its key level of support at $15.50 per ounce.

Wells Fargo: Gold and silver in a bearish super-cycle

Bad news for investors in metals - like gold and silver. According to the Wells Fargo Investment Bank, gold and silver are in a super bearish cycle, which may last another five years.
And while analysts from the bank would not recommend an investment in either metal, in better position they think is the silver because it has a relatively higher upside potential, on a fundamental point of view.
The analysts from the bank are expecting a five-year cycle of bears, or something similar to the price of metals. This means a limited growth in metal prices and a lot of lateral movement in their price.
From the financial institution, they forecast a range in the price of gold between 1 050 and 1 400 dollars, while for gold - between 13 and 22 dollars.
For comparison, the price of gold ended on Friday at a rate of $1,323 per ounce, while the price of silver at $16.40.
Gold peaked in 2011, reaching a level of $1,900 per ounce, while the price of silver rose to the highest levels of $50 per ounce.
Gold is traded at levels of about 76 times, comparing to silver, at an historically average level of 37 times. Or the metal looks quite overrated compared to silver.

Gold still falling

Quotations of gold futures fell during Asian trade on Tuesday. At COMEX, the division of the New York Mercantile Exchange, gold futures for April delivery are traded at a price of $1.321.70 per troy ounce. The support now is at $1.313.20 and resistance is at $1.329.80.
Futures on the USD index, showing the ratio of the US dollar to the basket of the six major currencies, rose by 0.06% and is trading at around $89.94. As for other commodities traded on COMEX, silver futures for delivery in May decreased by 0.01%, reaching $16.535 per troy ounce, while copper futures for delivery in May decreased by 0.03%, reaching the level of $3.120 per pound.

Gold has recovered from its weekly minimum

Gold rose yesterday after it had reached its lowest value for nearly a week ago. The rise of the precious metal followed the drop of the dollar against other major currencies. Still, gold is headed to its first weekly decline in six weeks.
The spot price of gold added 0.1% to its value to a level of $1,328 per ounce. Earlier in the day, the metal reached the lowest value of $1,323.7 per ounce.
Gold futures with delivery in February declined by 0.8%, marking their worst performance since December 7, following the appreciation of the dollar at its three-year low.
For other precious metals, silver was traded at levels of $17.05 per ounce, while palladium lost 0.6 percent of its value to $1,108 an ounce.
Platinum added 0.3% to $1,000 per ounce.

Gold with a four-month high, after the appreciation of the euro

The price of gold rose to a new nearly four-month high after a more aggressive tone from the ECB sent the euro up strongly against the US dollar.
The stronger euro and, hence, the weakness of the US dollar, triggered increases in gold and other precious metals. Gold traded at levels above $1,320 on Thursday, and platinum rose to levels above $980.
The only loser in the situation was silver, which fell to levels below $17 an ounce. In fact, this change makes the ratio of gold to silver rising to 78 or well above the average in the historical sense.
The spot price of gold rose 0.3 percent to $1,321 per ounce after reaching a peak of $1,326.56 per ounce or its highest level since September 15.
Gold rose by more than 80 dollars from its bottom in mid-December, helped by the promising dollar. However, according to analysts from Saxo Bank, the price of the precious metal will face significant difficulties ahead of its potential further appreciation.

Gold futures rose during Asian trading

Quotations of gold futures rose during Asian session on Wednesday.
At COMEX, a division of the New York Mercantile Exchange, gold futures for December delivery are traded at a price of $1.277.93 per troy ounce, up by 0.17%. Gold found support at 1.265.90 dollars and resistance - at 1.285.10 dollars.
Futures on the USD index, showing the ratio of the US dollar to the basket of the six major currencies, decreased by 0.06% and is trading at around 94.75 dollars.
As for other commodities traded on COMEX, silver futures for December delivery rose by 0.40% to $17.007 per troy ounce, while copper futures for December delivery rose by 0.06% to reach the level of 3,089 dollars per pound.

Gold is rising

Quotations of gold futures rose during the European session on Friday.
At COMEX, a division of the New York Mercantile Exchange (NYMEX), gold futures for delivery in June are traded at a price of $1.289.65 per troy ounce, up by 0.89%.
Gold found support at $1.248.20 and resistance at $1.290.70.
As for other commodities traded on COMEX, silver futures for delivery in May rose by 1.31% to $18.545 per troy ounce, while copper futures for delivery in May rose by 0.86% to reach the level of $2,567 per pound.

Impressive rise in gold for the quarter

Gold again reported a profit at the official start of Brexit process. The yellow metal has the impressive growth of 9.1% for the quarter. Gold however meets great difficulties to overcome resistance at the 200-day moving average. Silver continues to demonstrate strength after overcoming the level of 18 dollars per ounce. It is on track to record a third weekly increase, and the resistance is at 18.46 dollars.
Oil jumped to a three-week peak after it became clear that stocks in the US rose for the week by 900,000 barrels, but the forecasts were for higher growth. In addition, stocks of oil and distillates fell more than expected, while supplies from Libya are irregular. US light crude overcame 200-day moving average, which is now supposed to become a support.

The rally in the precious metals market continues

Precious metals continue from the beginning of 2017 to show impressive results, while silver prices rose the ninth consecutive week. Back on the market of precious metals investors were forced by the political risks in Europe, related to the upcoming elections in the Netherlands on March 15, in France at the end of April and in Germany in October, as well as the uncertainty surrounding the future of economic policy in the United States. Additional support to demand, resumed after a strong sell-off, which lasted until mid-December, had a closing of the trade deals after the victory of Donald Trump, which led to a decrease in US T-bills and dollar rates of return.

Gold fell after the ECB meeting

Gold lost ground during yesterday trading, after the ECB left interest rates unchanged. The spot price of the precious metal fell by 0.6 percent to 1337.40 dollars for an ounce. Futures for deliveries in December retreated to 1341.60.
Important resistance level for the gold is the area around 1352. The first major support is 1327 dollars.
Platinum fell by 0.6 percent to 1078.20 dollars for an ounce, after on Wednesday failed to reach a 2-week high. Palladium retreated by 0.25 percent to 685.25 and the silver is down by 0.90% to 19.58 dollars for an ounce.
Oil prices rose to 47.60 dollars for a barrel after data on oil stocks in the US. For the week to September 3 stocks fell by 14.5 million barrels. Preliminary estimates of economists was for growth by 0.6 million barrels.