Kelly Smith

What now for gold investors after the surprise Chinese yuan depreciation?

Kelly Smith
August 19, 2015
The Comex gold futures rose 1.70% last week when the Chinese Renminbi depreciated unexpectedly on Aug. 11. This week, the gold futures rose 0.38% and ended at $1,116.60 per ounce on Tuesday. In contrast, the Dollar Index dropped 1.07% to $96.52 and the crude oil futures plunged 3.12% to $42.50 per barrel last week.

Key factors for gold: Central bank actions and currencies

Kelly Smith
August 5, 2015
The Fed chairman has recently raised the possibility of a rate hike in September while the Atlanta Fed President has also indicated that the Fed is close to a September liftoff.

Gold: Technicals taking over

Kelly Smith
July 30, 2015
The U.S. Comex gold futures surged 1% on Monday and ended at $1,096.20 on Tuesday after dropping four percent last week. The Dollar Index has fallen a further 0.5% this week after declining 0.63% last week.

Gold caught in the divergence in monetary paths of the U.S. and Europe

Kelly Smith
July 20, 2015
The U.S. Comex gold futures has declined 1.21% this week to $1,143.90 and has fallen 2.38% month-to-date. This week, the S&P 500 Index has risen 2.31% and the Euro Stoxx 50 Index has surged 4.21% while the crude oil futures have declined 3.47%.

Gold prices: Time for a bounce?

Kelly Smith
July 15, 2015
The U.S. Comex gold futures fell 0.48% last week and dropped a further 0.38% this week to $1,153.50 on Tuesday. The implied volatility of the gold futures has been falling from 21% in January to 11.5% currently in line with the decline in prices.

Waiting game for gold

Kelly Smith
July 13, 2015

The U.S.

United States Fed outlook vs. Greece on gold

Kelly Smith
July 8, 2015
The U.S. Comex gold futures dropped 0.94 percent this week and fell 1.64 percent this month to end at $1,152.60. Month-to-date, the S&P 500 Index returned 0.91 percent while the Euro Stoxx 50 Index fell 3.74 percent.

Gold prices and the trio of Greece, Fed and China

Kelly Smith
July 6, 2015
Markets are asking: what will happen to Greece in the 5 July referendum? What will the Fed do in September in light of the mixed economic data and global development? What will the Chinese stock markets do next week?

Greece fallout not yet in gold prices

Kelly Smith
July 1, 2015
On 30 June, Greece, an original founding member of the IMF, became the first developed economy to miss an IMF payment. The existing bailout program has also expired.

Gold prices give up gains

Kelly Smith
June 24, 2015
The U.S. Comex gold futures rose 1.93% last week but fell 2.11% this week to $1,176.60 on Tuesday. The S&P 500 Index rose 0.68% this week while the Euro Stoxx 50 Index surged 4.97% and the crude oil futures jumped 2.35%.