Gold trading held prices $50 below last week s all-time high on Thursday as analysts from Shanghai to New York warned about momentum traders in futures and options divorcing the market from its supply-and-demand fundamentals
Gold and silver ETF investment funds are seeing a split between US vs. European flows as the GLD expands, the SLV shrinks but the PHAG surges amid March s price action
Silver prices in China, the world s dominant solar-power manufacturer, have now run above $25 per Troy ounce since mid-November. But the ratio of gold to silver prices has jumped to crisis levels above 90, suggesting a weak industrial outlook
Silver s steep price jump since softer US inflation data boosted bets that the Fed will soon pause its interest-rate hikes has seen the SLV ETF shrink to 3-year lows, with gold up $25 today pulling the Gold/Silver Ratio lower
Gold held firm and silver rose against a weaker Dollar on Thursday, driving the gold/silver ratio down to the lowest since New Year as the major ETFs for both metals expanded and new data pointed to a slowdown in the US economy