Metals Futures Prices
- The Black Swan Event Begins
Our research team believes a 5% to 8% rotation should be considered a normal reversion range where price may find immediate support and attempt to rally...
- Our Full Report - Blue Line Morning Express
Actionable ideas for ES, NQ, Crude, Gold and more.
- Precious metals on long extensions
Analyzing precious metals for the day session on Mon Jan 27
- GOLD may start downtrend from the resistance 1588 to the support 1575
An downtrend will start from resistance level 1588, which will be followed by moving down to support level 1580 and 1575, and if it keeps on moving down...
- Market Insights - Your First Look at Macro Markets Jan 27th
Yield Curve Inversion and Actionable Trading Levels
- Copper Platinum & Palladium
We cover the balance of the metals for you in this blog post.
Futures Market News and Commentary
Feb Comex gold (GCG20) this morning is up +8.1 (+0.52%), and Mar silver (SIH20) is up +0.092 (+0.51%).
Precious metals rallied to 2-1/2 week highs this morning on ramped up safe-haven demand due to the sell-off in global stock markets on concern about the spreading Chinese coronavirus. A plunge in global government bond yields today is also boosting the demand for gold as a store of value.
Global equity markets are sharply lower today, which is also fueling heavy safe-haven demand for precious metals. Stocks sold off on concern that the spreading China coronavirus will undercut global economic growth. On Sunday, China announced an extension of its Lunar New Year holiday until Feb 2 from Jan 30 to help battle the spread of the virus. The latest data show 2,744 confirmed cases of the virus and at least 80 deaths. Mainland China accounts for 98% of the global infections, but the virus has spread to more than 12 other countries.
Another supportive factor for gold is... Read more