Precious Metals

Despite Tuesday’s technical break-down, Wall Street managed to hold up last night in the face of very weak housing data and a more sober outlook from the Fed. Dow up 4.

Indian gold demand remains related to price but central bank buying appears on the up, leading UBS to lift its forecasts. Re-published today because we made an error yesterday.

Price targets and ratings have been changed as mining analysts at Morgan Stanley incorporate RSPT hangover in their models.

Q3 is shaping up as a highly volatile quarter dominated by economic data and government decisions, argue Gain Capital’s Brian Dolan and Jane Foley.

A weak US housing number added to a growing renewal of general concern last night as the S&P500 fell through its 200-day moving average amidst weak volume. Dow down 148. (Locked for subscribers until 10:00 AEST)

PFP’s Tim Price argues it is far better to accept we don’t know everything, for if we don’t, we’ll end up coming to this conclusion anyway.

Saturday’s PBoC announcement is above anything a well-timed PR exercise. The world needs more to sustain today’s rally in risk assets.

Gold has managed to break above key technical resistance and the fact has not escaped the bulls in the market.

According to CommSec the latest Australian jobs growth data showed the mining, construction and transport sectors have returned as the primary drivers of the Australian economy.

A glance through the latest expert views and predictions about commodities, with Barclays lowering its expectations for LNG supply and Macquarie seeing opportunities in the resources sector.