GDX

Commodity Roundup: Oil prices ease; LNG supply risks remain high, ANZ says

Commodities Energy Commodity Roundup: Oil prices ease; LNG supply risks remain high, ANZ says. Subdued demand has eased concerns about supply shortages in global gas markets. Significant risks to supply still remain due to the ongoing conflict in Ukraine and the Middle East. European natural gas futures eased after rising from a two-week low. Crude oil prices ticked lower despite surprise drop in crude stockpiles.

Gold's sharp two-day correction overdue and healthy, analysts say

Gold futures extended their losses Tuesday in the largest two-day percentage decline since February last year. Gold's correction is long overdue and healthy, Saxo Bank's Ole Hansen says. Silver also has corrected sharply in sympathy with gold. J.P. Morgan forecasts gold prices ending 2024 averaging $2,500/oz.

Commodity Roundup: Gold, silver suffer aggressive, but 'healthy' correction - Saxo Bank

Narrow Fiat Money Supply And Gold

Until the fiscal deficits slow, gold will break more records, says Paul Wong. He says the total amount of treasuries has expanded 100-fold since the early 1970s. The changes of the past years promote the status of treasury to be regarded as narrow money, he says. Money supply expansion is the cause of high interest rates and national debts.

Geopolitical Relief Triggers Gold Selloff: Prices Dip Below $2,350 Mark, Mining Stocks Hit Hard

Gold prices declined 2.7% Monday to below $2,350 as geopolitical risks wane. Silver, closely associated with gold, experienced its most substantial drop since last October. Plummeting gold prices weighed on mining stocks, with the VanEck Gold Miners ETF witnessing a 4.3% decline.

Monday's ETF Movers: CQQQ, GDX

Gold whacked in biggest one-day drop in over a year as Middle East fears ease

Gold futures fall more than 2% on Monday as Middle East fears ease. Most-active Comex gold contract for June delivery trades -2.5% to $2,532.80/oz. Worst one-day drop since February 3, 2023.

Weekly Report: what happened at GDX last week (0415-0419)?