In this week’s episode of Live from the Vault, Andrew Maguire teams up with Craig Hemke of TF Metals Report to discuss the recent price movements in gold and silver, questioning how long the Federal Reserve can maintain its weak stance.
The precious metals experts dive deep into silver price analysis, examine the impact of BRICS & India on gold and the dollar, and conclude with insights on when and how the true price of physical gold will emerge.
Timestamps
- 00:00 Start
- 03:41 What Craig saw in the market last week (when gold crashed)
- 10:30 How long can the Fed maintain its weak hand?
- 16:00 Silver price analysis
- 18:21 Indian gold repatriation
- 24:00 BRICS’ impact on the dollar
- 29:00 US Government Debt
- 37:00 The COMEX will have to reflect the physical gold price - but when?
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Editors’ Picks
EUR/USD climbs above 1.0900, looks to post weekly gains
EUR/USD gathers bullish momentum and trades above 1.0900 in the American session on Friday, looking to end the week in positive territory. The US Dollar remains under strong selling pressure following the disappointing jobs data, helping the pair push higher.
GBP/USD clings to daily gains near 1.2800 after weak US jobs data
GBP/USD clings to daily gains at around 1.2800 in the second half of the day on Friday. Nonfarm Payrolls in the US rose by 114,000 in July. This reading missed the market expectation of 175,000 by a wide margin and triggered a USD selloff.
Gold pulls away from daily highs, holds above $2,420
After coming within a touching distance of a new all-time high near $2,480 with the immediate reaction to disappointing US labor market data on Friday, Gold reversed its direction and declined below $2,420. Profit-taking ahead of the weekend might be weighing on XAU/USD.
Bitcoin bounces off from the ascending trendline
Bitcoin and Ethereum have retested their key support levels, with a break below these levels potentially signaling a bearish trend ahead. At the same time, Ripple shows resilience and could rally in the coming days after testing its key support level.
Week ahead – RBA and BoJ summary of opinions take center stage
RBA decides on policy as hike bets disappear. BoJ Summary of Opinions awaited for more hike hints. After Fed, Dollar turns to ISM non-manufacturing PMI. New Zealand and Canada jobs data also on tap.