Gold Holds Tight Range As Attention Shifts To Inflation – What’s Next?

CPI Inflation data for May, which is scheduled for release on Thursday will take centre stage this week – especially after April’s CPI reading showed the largest monthly gain in core inflation since 2008 with CPI jumping a sizzling 4.2% from a year earlier.

So far this year, the Fed has remained adamant that inflation will run hotter than its traditional 2% goal, as the global economy continues to rebound from the pandemic-induced recession.

Federal Reserve officials have also dismissed surging inflation as being only ‘temporary’. However traders are unconvinced and are questioning whether the Fed has unleashed a beast that they can no longer control.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

Commodities Rally Pauses As All Eyes Turn To Inflation Data – What’s Next?

Yellen’s comments come after Friday’s U.S Employment data, showed Non-Farm Payrolls fell short of expectations for the second straight month.

In the first five months of the year, the U.S economy added 2.1 million jobs, which leaves over 7.6 million Americans still out of work. Friday’s data supports the case that the Fed will continue to maintain its ultra-loose monetary policy for as long as it takes the economy to reach maximum employment.

Trader’s attention has now shifted to U.S CPI Inflation data, which will take centre stage this week – especially after April’s CPI reading showed the largest monthly gain in core inflation since 2008 with CPI jumping a sizzling 4.2% from a year earlier.

Federal Reserve officials have continued to state that inflation will run hotter than its traditional 2% goal for a longer period than estimated as the global economy reopens, but should prove temporary. However traders are unconvinced and are questioning whether the Fed has unleashed a beast that they can no longer control.

One of the key indicators of rising inflation – is higher oil prices. Last week Oil prices rocketed to their highest since October 2018 with WTI hitting $70 a barrel, while Brent traded above $72 a barrel.

Elsewhere, many other commodities ranging from Copper, Palladium, Iron Ore to Lumber prices surged past all-time record highs in recent weeks – And this could just be the beginning!

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

Big Test For Silver Prices As All Eyes Turn U.S Jobs Data – What’s Next?

Silver has been on an impressive run throughout the past month, with the precious metal crossing the finishing line for May – up over 8.5% to score its biggest monthly gain since December.

Silver prices rallied from just below $24 an ounce at the end of March to close above $28.50 by the end of May. That’s a stunning gain of almost 19% in the space of two-months.

Earlier this week, Silver prices corrected on routine profit taking after ADP Employment Data showed that private-sector hiring rose by 978K, beating the consensus of 645K and also exceeding the 654K jobs added in April.

Furthermore, Initial Jobless Claims fell below 400K for the first time since the Covid-19 pandemic struck in March 2020, with first-time jobless benefit claims falling from 405K to 385K.

So far this year, Federal Reserve officials have remained adamant that improvements in the labour market will be a key factor they will consider when deciding on tapering their quantitative easing program, as well as raising interest rates.

The buoyant figures could put the Fed under pressure to start talking about tapering, especially if Friday’s Non-Farm Payrolls data goes in the same direction as the ADP Employment Report.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

For a look at all of today’s economic events, check out our economic calendar.

Gold Prices Pull Back As Traders Book Profits – What’s Next?

Gold has been on an incredible bull-run throughout the past month, with the precious metal notching up a fourth consecutive week of gains. Gold crossed the finishing line for May – up over 8% to score its biggest monthly gain since July 2020.

Since March, Gold prices have rallied over $230 from their recent lows of $1674 an ounce. That’s an outstanding gain of 13.7% in the space of two-months.

Looking ahead to this week, the biggest market-moving events that traders will be closely monitoring is Friday’s U.S Employment Report, which is the most highly anticipated economic report of every month. It’s also a key measure of economic performance and inflation tracked by the Fed.

There will be a huge focus on Friday’s data, especially as recent inflation readings have come in much hotter than expected. The latest was the PCE Price Index, which showed core inflation running at 3.6% from a year earlier. That’s its biggest annual rise since 1992 – raising fears that the cost of living is continuing to surge at an alarming pace, whilst the labour market remains unexpectedly sluggish.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

Commodities Post Their Biggest Monthly Gain In 2021 As Inflation Heats Up – What’s Next?

Federal Reserve officials have remained adamant that inflation will run hotter than its traditional 2% goal for a longer period than estimated as the global economy reopens, but should prove temporary. However traders are unconvinced and are questioning whether the Fed has unleashed a beast that they can no longer control.

On Friday, The PCE Price Index, which the Fed uses for its preferred measure of Inflation, jumped 3.6% from a year earlier. That’s its biggest annual rise since 2008.

Following the data, Gold prices vaulted back to above $1900 an ounce – notching up a fourth consecutive week of gains. Gold has now crossed the finishing line for May with an 8% gain, which is its biggest monthly gain since July 2020.

Meanwhile, Silver prices have tallied up an impressive gain of over 80% in the last year.

Silver prices are currently trading above $27 an ounce. That’s a whopping gain of 86% from a year ago, when the spot price was around $14.50 an ounce.

Elsewhere this month, many other commodities ranging from Copper, Palladium, Iron Ore to Lumber prices have surged past all-time record highs – And this could just be the beginning!

Looking ahead to this week, the key macro events that traders will be watching closely for clues on the markets next big move include; ISM Manufacturing PMI data, ADP Employment Change and Jobless Claims as well as the biggest event of the week – Non-Farm Payrolls data on Friday.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

Will Silver Break Back Above $30 Before Gold Breaks $2000?

Often overlooked in favour of its precious metal cousin GoldSilver prices have tallied up an impressive gain of over 80% in the last year.

Silver prices are currently trading above $27 an ounce. That’s a whopping 86% rise from a year ago, when the spot price was around $14.50 an ounce.

In similar fashion to the whole commodities sector, Silver is once again starting to attract a lot of attention on a scale not seen since the global financial crisis in 2008.

There are several factors at play that have lured traders back into Silver, which include rising inflation expectations, the Fed’s pledge to keep rates lower for longer and of course the upcoming green energy and infrastructure spending boom.

If you want to know where Silver prices are heading next, then just take a look at the impressive gains across the rest of the metals complex from Copper, Iron Ore to Palladium.

This month, Iron Ore broke $200 a ton for the first time ever. Palladium broke above $3,000 to hit a new record high and Copper prices surpass an all-time high.

Silver is still relatively cheap compared with its peers and certainly has a lot of catching up to do. In my opinion, Silver is definitely the best trade right now and the one to watch heading into June.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

For a look at all of today’s economic events, check out our economic calendar.

Gold Price Surges Past $1,900 – Is $2,000 The Next Stop?

Gold surged past the $1900 mark on Wednesday to hit to hit a 5-month high – trading very close to level where prices started the year.

Gold is once again starting to attract a lot of attention on a scale not seen since the global financial crisis in 2008 – amid rising inflationary pressures, combined with unwavering commitment from central banks around the world to keep rates lower for longer.

U.S Inflation in April accelerated at its fastest pace in more than 12 years with CPI jumping a sizzling 4.2% from a year earlier.

The increase in the annual headline CPI rate was the fastest since September 2008, while the monthly gain in core inflation was the largest since 1981.

If you want to know where Gold prices are heading next, then just take a look at the impressive gains across the rest of the metals complex from Copper, Iron Ore to Palladium.

This month, Iron Ore broke $200 a ton for the first time ever. Palladium broke above $3,000 to hit a new record high and Copper prices surpass an all-time high.

Gold is still relatively cheap compared with its peers and certainly has a lot of catching up to do.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

What’s Next For Commodity Prices As Inflation Heats Up?

As we head into the final week of May, traders have shifted their attention to a series of high-impact macro releases, which are expected to shed further light on hot topic of rising inflation. These include; Consumer Confidence, U.S Q1 GDP, Personal Income and Spending figures as well as the Fed’s preferred inflation measure – PCE data.

Last week, Minutes from the Federal Reserve’s recent policy meeting showed a very dovish tone from the central bank. While a number of policy makers have expressed concerns about rising inflation – the general consensus is that the Fed will continue to allow inflation to run hotter than its traditional 2% goal as it pursues full and inclusive employment.

With Gold prices back in striking distance of the $1900 mark, this week data will be very closely watched. Weaker-than-expected data will be positive for the price of Gold, Silver and other commodities.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

Keep Your Eyes On Silver Prices Heading Into June

Rising inflation expectations and the Fed’s pledge to keep rates lower for longer – combined with the coming green energy and infrastructure spending boom, are some of the many factors that have revived interest in Silver.

Often overlooked in favour of its precious metal cousin Gold – Silver prices have tallied up an impressive gain of over 80% in the last year.

Silver prices are currently trading above $27 an ounce. That’s a whopping 86% rise from a year ago, when the spot price was around $14.50 an ounce.

If you want to know where Silver prices are heading next, then just take a look at the impressive gains across the rest of the metals complex from Copper, Iron Ore to Palladium.

This month, Iron Ore broke $200 a ton for the first time ever. Palladium broke above $3,000 to hit a new record high and Copper prices surpass an all-time high.

Silver is still relatively cheap compared with its peers and certainly has a lot of catching up to do. In my opinion, Silver is definitely the best trade right now and the one to watch heading into June.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

For a look at all of today’s economic events, check out our economic calendar.

Will The Fed Put The Brakes On Gold’s Impressive Rally?

Trader’s attention has now shifted to Minutes from the Federal Reserve’s most recent meeting on monetary policy, due for release on Wednesday. The minutes are expected to provide further clarity into the central bank’s view on the economic recovery, as well as surging inflation.

A lot has changed since the Fed’s last meeting with U.S Inflation in April accelerated at its fastest pace in more than 12 years – jumping a sizzling 4.2% from a year earlier.

The increase in the annual headline CPI rate was the fastest since September 2008, while the monthly gain in core inflation was the largest since 1981.

So far this year, the Fed has maintained their stance to allow inflation to run hotter than its traditional 2% goal as it pursues full and inclusive employment.

However, with the recent streak of data from U.S employment, retail sales to housing figures all significantly missing expectations – the is narrative is rapidly shifting from inflation to stagflation – a period of high inflation accompanied by a slowdown in economic growth.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

Gold Is Surging Again, But Can Prices Push Above $1900?

Commodity prices are surging across the board with everything from the metals, energy to agriculture markets, trading near multi-year highs as the supercycle gathers pace.

Last week, Iron Ore broke $200 a ton for the first time ever. Palladium broke above $3,000 to hit a new record high and Copper prices surpassed an all-time high.

The bullish momentum also split over into the precious metals with Gold prices rising for a second straight week in a row to settle at its highest since February. While Silver prices closed the week trading near 3-months highs.

There are plenty of reasons why commodities are on the move, but the key driver is rising inflation, which has spurred significant demand for assets with inflation-hedging capabilities.

U.S Inflation in April accelerated at its fastest pace in more than 12 years with CPI jumping a sizzling 4.2% from a year earlier. The increase in the annual headline CPI rate was the fastest since September 2008, while the monthly gain in core inflation was the largest since 1981.

Looking ahead to this week, the key macro events that traders will be watching closely for clues on the markets next big move include; the FOMC meeting minutes from April, Jobless claims, Flash PMI estimates as well as comments from a host of Fed speakers.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

For a look at all of today’s economic events, check out our economic calendar.

Want To Know Where Silver Prices Are Heading Next? Just Take A Look At Copper

Silver is very often overlooked in favour of its glistening cousin Gold, however Silver prices have tallied up an impressive gain of over 80% in the last year.

As the global economy reopens and the green energy and infrastructure spending boom gathers pace – Silver’s bullish trajectory shows no signs of slowing down anytime soon.

Silver prices are currently trading above $27 an ounce. That’s a whopping 86% rise from a year ago, when the spot price was around $14.5 an ounce.

If you want to know where Silver prices are heading next, then just take a look at the booming gains across the rest of the industrial metals from Copper, Iron Ore to Palladium.

Last week, Iron Ore broke $200 a ton for the first time ever. Palladium broke above $3,000 to hit a new record high and Copper prices surged more than 10% to surpass an all-time high.

The industrial metals market is seeing a confluence of bullish factors, that include a surge in demand and falling supply, which is pushes prices to record highs and the Silver market is no different.

Silver is a key component in everything from electric vehicles, renewable energy to solar power technology. However, supply is limited, which means there is a risk of a real Silver squeeze this year.

As governments around the world pursue more aggressive Green Energy and Infrastructure policies to reach net-zero carbon emissions by 2030 or sooner – this alone will continue to be a major driver of Silver demand for years to come.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

For a look at all of today’s economic events, check out our economic calendar.

All Eyes Turn to Inflation Data For Gold’s Next Big Move – What’s Next?

As the world comes out of lockdown and demand for goods and services rises – traders have now shifted their attention to inflation figures, due for release on Wednesday.

All eyes are now on Consumer Inflation data for April, which is expected to show the biggest year-over-year gain in nearly a decade.

Traders expect the April CPI figures to show a sizzling 3.6% jump on a year-over-year basis. That compares to 2.6% the month earlier.

The Producer Price Index is reported on Thursday and that should confirm a trend of higher prices that is showing up in corporate earnings releases. Another important data point, will be U.S Retail Sales data released Friday.

So far this year, the Fed has maintained their stance to allow inflation to run hotter than its traditional 2% goal, stating that any price acceleration will be temporary. However, if the inflation appears hot when the figures are reported – this could once again ignite the debate about whether the Fed will be forced into winding back its ultra-loose monetary policy sooner than it would like.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

Commodity Prices Hit All-Time Highs – What’s Next?

Last week, Iron Ore broke $200 a ton for the first time ever. Palladium broke above $3,000 to hit a new record high and Copper prices soared more than 10% to surpass an all-time high.

The bullish momentum also split over into the precious metals with Gold posting its best week since November 2020, while Silver prices jumped 6% to record their biggest weekly gain in 3-months.

There are plenty of fundamental factors why commodities are on the move, but the key driver is a vaccine-led recovery fuelled by massive amounts of global stimulus into Green Energy and Infrastructure projects. This is against a backdrop of tightening supply across many high-in-demand commodities, which firmly suggests that a new supercycle is now underway.

Interestingly, this year many commodities have already exceeded the highs of the previous supercycle seen during the early 2000s – And this is just the beginning!

Looking ahead to this week, the key macro events that traders will be watching closely for clues on the markets next big move include; CPI and PPI data. Jobless claims, U.S. Retail Sales as well as comments from a host of Fed speakers.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

Will Silver Prices Hit $30 Again In 2021?

This week, Iron Ore broke $200 a ton for the first time ever, while Palladium broke above $3,000 to hit an all-time record high. Elsewhere, Copper prices surged to a fresh 10-year high and have now doubled from the lows seen a year ago.

And then there’s Silver, which is once again starting to attract a lot of attention – on a scale not seen since the global financial crisis in 2008.

There is a lack of Silver around the world. There is not much Silver at any refineries and getting your hands on physical Silver is becoming increasingly difficult. In fact, Silver is now rarer than Gold, which means there is a risk of a real Silver squeeze this year.

And let’s not forget the whole ‘Green Energy Revolution’, which is currently taking shape across the global economy.

Silver is a key component in everything from electric vehicles, renewable energy to solar power technology. However, supply is limited, which further supports the bullish case for Silver prices in the medium to long term.

As governments around the world pursue more aggressive Green Energy and Infrastructure policies to reach net-zero carbon emissions by 2050 or sooner – this alone will continue to be a major driver of Silver demand for years to come.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

For a look at all of today’s economic events, check out our economic calendar.

Will Gold Break Back Above $1800 Before Silver Breaks $27?

The major macro event that traders will be closely watching this week is Friday’s U.S Employment Report, which is the most highly anticipated economic report of every month. It’s also a gauge of economic performance and a key measure of inflation tracked by the Federal Reserve.

So far this year, the Fed has maintained their stance to allow inflation to run hotter than its traditional 2% goal as it pursues full and inclusive employment.

The major risk of this approach is if the Fed gets too fixated on concrete evidence of a solid labour market recovery, it could end up behind the inflation curve.

If you’re wondering just how high inflation could get, you only have to take a look at what is happening across the rest of the commodity markets.

Copper, Palladium, Iron Ore and Lumber prices have skyrocketed to all-time record highs in recent weeks. In total 23 Commodities ranging from the metals, energies to soft commodities have tallied up double to triple digit gains within the in the past year.

All of this suggests one thing – it’s only a matter of time before Gold eventually catches up with the rest of the commodities complex.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

Commodity Supercycle Gathers Momentum – What’s Next For Prices

Last week, Palladium, Iron Ore and Lumber prices took centre-stage skyrocketing to all-time record highs. Meanwhile Copper and Aluminium prices hit 10-year highs. Both metals have now doubled from the lows seen a year ago.

There are plenty of fundamental factors why commodities are on the move, but the key driver is a vaccine-led recovery fuelled by massive amounts of global stimulus into Green Energy and Infrastructure projects. This is against a backdrop of tightening supply across many high-in-demand commodities, which firmly suggests that a new supercycle is now underway.

Interestingly, this year many commodities have already exceeded the highs of the previous supercycle seen during the early 2000s – And this is just the beginning!

Looking ahead to this week, the key macro events that traders will be watching closely for clues on the markets next big move include; ISM Manufacturing PMI, ADP Employment Change and Jobless Claims as well as the biggest event of the week – Non-Farm Payrolls data on Friday.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

Are Silver Prices On The Verge of Another Short Squeeze?

As we head into May, attention has once again shifted to the Silver market with rumours of another attempt to push up prices – under the movement, spearheaded by a group of retail traders known as #SilverSqueeze and #SilverRaid.

Elsewhere in the commodity markets, Palladium, Copper and other industrial metals have continued to take centre-stage this month. Palladium and Copper prices in particular have made an impressive start in Q2, 2021, driven by a big surge in Green Energy and Infrastructure spending this year.

This week, Palladium prices notched up further gains, surging at an all-time record high – almost in striking distance of the $3,000 mark.

Palladium’s explosive rally also pulled up Copper, which is now trading at a decade high. Copper prices have more than doubled since March last year.

There are plenty of fundamental factors why metals are on the move, but the key driver is a vaccine-led recovery fuelled by massive amounts of global stimulus into Green Energy and Infrastructure projects. This is against a backdrop of tightening supply across many high-in-demand commodities, which indicates that a new supercycle is now firmly underway.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

For a look at all of today’s economic events, check out our economic calendar.

Gold Prices Near Decision Point As Focus Shifts To Fed

The major event, that traders will be closely monitoring is the outcome of the U.S Federal Reserve’s two-day policy meeting, which is due to end on Wednesday, 28 April.

While no signicant changes are expected from the Fed’s monetary policy statement itself, traders will want to make sure Fed Chair Jerome Powell remains as dovish as before during his press conference on Wednesday. This is why extra attention will be paid to any hints of potential tapering, in light of rising inflation and a pickup in economic growth.

During every press conference already this year, Powell has been asked about the looming inflation risk. To this, he’s had an unwavering response – any price pressures seen this year “will be transitory.” But as food, housing and building costs, as well as commodity prices continue to surge, Powell is inevitably likely to face a new wave of questions surrounding inflation.

Other key events that traders will be watching closely this week include; U.S. Q1 GDP data and the Fed’s preferred inflation measure – PCE data.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

Commodity Prices Hold Steady As All Eyes Turn To U.S Taxes And Inflation

This week, President Biden will unveil details of his $1.8 trillion ‘American Families Plan’.

The proposal will represent the second part of Biden’s ‘Build Back Better’ agenda – following on from the $2.3 trillion Green Energy and Infrastructure spending plan released earlier this month.

Combined, the estimated $4 trillion in new spending measures is expected to break records as the biggest and boldest government overhaul of the economy ever in U.S history.

Biden’s proposal will be partially funded by doubling the capital gains tax for wealthy individuals to 43.4%. Higher U.S taxes combined with Biden’s huge spending plans, have started to raise concerns of stagflation – a period of high inflation combined with a decline in GDP.

Elsewhere, other key events that traders will be watching closely this week include; the Federal Reserve’s monetary policy meeting, which concludes on Wednesday and will be followed by a press briefing with Federal Chair Jerome Powell. U.S Q1 GDP data and the Fed’s preferred inflation measure – PCE data.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions: