Goldhub blog

Recent gold and oil movements highlight inconsistent long-term correlation

Gold stands apart from the broader commodities complex because of its unique market dynamics and performance drivers.

Drivers behind the recent gold rally

Gold rallied nearly 4% in December, mainly in the second half of the month, and recently moved to an intraday high of US$1,613/oz as the US-Iran confrontation unfolded. We believe there are a few likely reasons for the move...

Gold-backed ETF holdings reached all-time highs in 2019

Today, we released our annual 2019 gold-backed ETF flows summary which highlights the significant investment demand for gold in 2019, along with an updated and improved ETF flows section.

Gold implied and realized volatility fell sharply in October

Gold stalls near the $1,500/oz level as bullish positioning retreats

Money manager net longs fell sharply last week as gold volatility increased

Gold breaks 50-day moving average and key support level

Gold skew is at all-time 'cheapness' highlighting bullish sentiment

Gold rallied on Friday following the LBMA fix which left the fix price flat on the week and XAU higher (XAU +2%, LBMA -0.1%) as yields fell following the Fed rate cut which left the market thinking the ‘organic growth’ Powell discussed could represent future QE.

Busy news and economic calendar could drive gold prices this week

Gold: the most effective commodity investment

Today, we released a report on gold and commodities, covering key themes including:

• Why gold is not a typical commodity
• Why gold is under-represented in commodity indices (ranging from 3% to 12%) despite its clear differentiating benefits
• Why gold is the most effective commodity investment

Gold trading volumes continue to rise

Gold futures net longs at all-time highs

Asian gold-backed ETF flows have reversed, moving positive on the year

Gold was higher last week (XAU +1.1%, LBMA +1.2%), as markets were volatile, and the US 2/10 curve turned negative, which has historically often preceded a recession.

COMEX net longs near all-time highs as gold is at all-time highs in many currencies

Gold was higher by 4% last week (XAU +3.9%, LBMA +3.9%), as US/China trade negotiations hit a snag, the US dollar fell, and rates continued to fall. Gold prices are at all-time highs in over 20 countries, having rallied 8% in the past month and 17% this year in US dollars.