The global liquidity cycle is entering a decisive contraction phase, raising the risk of a prolonged downturn in equity markets, according to veteran strategist Michael Howell. Speaking on the MacroVoices podcast, Howell, chief executive of London-based CrossBorder Capital, said liquidity conditions are deteriorating rapidly, ending what he describes as a speculative bubble in US stocks.
After having spent most of the day in the red, gold prices rebounded due to renewed expectations of a December interest rate cut by the Federal Reserve. On the other hand, silver prices dipped nearly 2%, but hopes for a rate cut limited losses. Oil prices fell, and were set for a weekly decline as
Gold prices were largely unchanged on Thursday, even as the dollar strengthened against a basket of major currencies. Prices had fallen 1% earlier on Thursday, but the yellow metal recovered somewhat as the day progressed. Meanwhile, silver prices were largely unchanged from the previous close after falling sharply earlier in the day. On the other
Physical gold demand across major Asian markets remained notably weak this week, a direct consequence of pronounced volatility in international gold prices. This instability created a climate of uncertainty that deterred potential buyers, who opted to postpone significant purchases in anticipation of a clearer price direction. Specifically, the sharp fluctuations in spot gold rates made
Oil prices fell sharply on Wednesday due to oversupply concerns and rising inventories in the US. Meanwhile, gold and silver were higher ahead of the release of key US economic data. Base metal prices were also higher ahead of key economic indicators from the US, which is likely to pave the way for the Federal
Russia’s central bank announced Wednesday that its engagement with the domestic gold market—both buying and selling for the National Wealth Fund (NWF)—has been on the rise, citing the yellow metal’s growing liquidity. The central bank of Russia has seen a substantial portion of its foreign exchange reserves, held in key Western currencies such as the
Gold and silver prices fell on Monday as traders assessed expectations of rate cuts by the US Federal Reserve. Meanwhile, oil prices were steady as loadings have restarted at the Russian export hub of Novorossiysk, a Black Sea port, following a two-day pause caused by a Ukrainian attack. Prices of base metals were also in
Gold prices slipped to a one-week low on Tuesday as traders scaled back on their expectations of interest rate cuts by the US Federal Reserve. Silver prices were also lower, tracking losses in the yellow metal. The metal also fell below $50 per ounce on COMEX to a one-week low. Meanwhile, oil prices, after having
Most non-agricultural commodities rose on the last day of the week with gold consolidating above the crucial mark of $4,000-per-ounce. Oil prices also climbed on Friday after spending most of the week in the red. Prices are set for second straight weekly losses. Base metal prices rose as investors resorted to bargain-buying after most contracts
After a few weeks of sideways movements and directionless trading, gold bulls have regained control as prices rose more than 1% on Monday. “After weeks of tight sideways movement, Gold (XAU/USD) has finally broken out of its $3,901.50–$4,059.55 consolidation range, reclaiming its bullish footing and reawakening buyers who’ve been waiting for directional confirmation,” Jasper Osita,