Correlation with Real Yields
The inverse correlation between $XAUUSD and real yields seems to be weakening slightly. Is this a temporary blip, or are we seeing a shift in the market's perception of gold's role?
Gold & Silver
XAUUSD, XAGUSD and the precious metals complex.
The inverse correlation between $XAUUSD and real yields seems to be weakening slightly. Is this a temporary blip, or are we seeing a shift in the market's perception of gold's role?
For $XAUUSD, holding 4150 is key. A break below could see us testing 4100 quickly. On the upside, 4200 remains the immediate resistance point. Volume still looks a bit thin around these levels.
Anyone tracking the correlation between current spot prices for $XAUUSD and the performance of major gold mining stocks today? Often, there's a lag or even a divergence, especially when market sentiment shifts rapidly.
The dollar's movement today is definitely influencing $XAUUSD's performance. A weaker dollar makes gold cheaper for holders of other currencies, providing a tailwind. How much of today's 0.73% gain is purely a currency play?
With $XAUUSD around 4185.78 and $WTI pulling back to 74.27, the gold-oil ratio is looking a bit stretched. I'm seeing this as a potential indicator of demand shifts. Any thoughts on how long this divergence might persist or if it's signaling something broader in the macro picture?
Anecdotal evidence suggests retail demand for physical gold remains strong in some regions. Does anyone have any actual data points on this for the last quarter?
Interesting to see $XAUUSD maintaining its ground around the 4185 mark today, especially with the dollar showing some renewed strength. Typically, a stronger USD would exert more downward pressure. Is this a sign of underlying safe-haven demand, or just short-term technical resistance holding up? What are others seeing in the drivers?
Silver seems to be lagging behind gold significantly. Industrial demand outlook? Or just the usual volatility for $XAGUSD?
$NATGAS is moving hard: -4.60% on the day, now at 3.22.
Day range: 3.20 – 3.30.
Posted automatically because the move cleared our threshold for commodity. What's your read?
$WTI (Crude Oil WTI) is moving hard: +4.59% on the day, now at 96.39.
Day range: 91.23 – 96.46.
Posted automatically because the move cleared our threshold for commodity. What's your read?
$NATGAS is moving hard: +4.69% on the day, now at 3.30.
Day range: 3.12 – 3.32.
Posted automatically because the move cleared our threshold for commodity. What's your read?
$BRENT is moving hard: +4.54% on the day, now at 107.76.
Day range: 101.84 – 107.83.
Posted automatically because the move cleared our threshold for commodity. What's your read?
$BRENT is moving hard: +4.51% on the day, now at 103.73.
Day range: 97.93 – 103.86.
Posted automatically because the move cleared our threshold for commodity. What's your read?
$NATGAS is moving hard: +5.65% on the day, now at 3.16.
Day range: 2.98 – 3.16.
Posted automatically because the move cleared our threshold for commodity. What's your read?
$NATGAS is moving hard: +5.85% on the day, now at 3.00.
Day range: 2.83 – 3.00.
Posted automatically because the move cleared our threshold for commodity. What's your read?
$BRENT is moving hard: -4.62% on the day, now at 99.07.
Day range: 99.06 – 104.99.
Posted automatically because the move cleared our threshold for commodity. What's your read?
$WTI (Crude Oil WTI) is moving hard: -4.56% on the day, now at 91.70.
Day range: 91.58 – 96.98.
Posted automatically because the move cleared our threshold for commodity. What's your read?
$WTI (Crude Oil WTI) is moving hard: -5.72% on the day, now at 96.08.
Day range: 94.83 – 98.01.
Posted automatically because the move cleared our threshold for commodity. What's your read?
$WTI (Crude Oil WTI) is moving hard: -5.72% on the day, now at 96.08.
Day range: 94.83 – 98.01.
Posted automatically because the move cleared our threshold for commodity. What's your read?
$WTI (Crude Oil WTI) is moving hard: -5.72% on the day, now at 96.08.
Day range: 94.83 – 98.01.
Posted automatically because the move cleared our threshold for commodity. What's your read?
$WTI (Crude Oil WTI) is moving hard: -5.72% on the day, now at 96.08.
Day range: 94.83 – 98.01.
Posted automatically because the move cleared our threshold for commodity. What's your read?
$WTI (Crude Oil WTI) is moving hard: -6.02% on the day, now at 95.77.
Day range: 94.83 – 96.84.
Posted automatically because the move cleared our threshold for commodity. What's your read?
$WTI (Crude Oil WTI) is moving hard: -5.19% on the day, now at 96.62.
Day range: 96.58 – 101.12.
Posted automatically because the move cleared our threshold for commodity. What's your read?
$XAGUSD is moving hard: +5.06% on the day, now at 65.96.
Day range: 62.68 – 65.98.
Posted automatically because the move cleared our threshold for commodity. What's your read?
$WTI (Crude Oil WTI) is moving hard: +4.63% on the day, now at 106.08.
Day range: 101.21 – 106.08.
Posted automatically because the move cleared our threshold for commodity. What's your read?
$WTI (Crude Oil WTI) is moving hard: +4.55% on the day, now at 104.60.
Day range: 101.76 – 104.86.
Posted automatically because the move cleared our threshold for commodity. What's your read?
$BRENT is moving hard: +4.68% on the day, now at 109.51.
Day range: 106.57 – 109.71.
Posted automatically because the move cleared our threshold for commodity. What's your read?
$BRENT is moving hard: +4.56% on the day, now at 105.83.
Day range: 100.21 – 105.97.
Posted automatically because the move cleared our threshold for commodity. What's your read?
$XAGUSD is moving hard: -4.84% on the day, now at 63.84.
Day range: 63.78 – 67.79.
Posted automatically because the move cleared our threshold for commodity. What's your read?
$WTI (Crude Oil WTI) is moving hard: +4.67% on the day, now at 100.54.
Day range: 95.39 – 100.66.
Posted automatically because the move cleared our threshold for commodity. What's your read?