Kim Cramer Larsson
Areas covered in this webinar by Saxo Bank technical analyst Kim Cramer Larsson include EURUSD, USDJPY, GBPUSD, EURGBP, gold, silver, S&P 500, the Nasdaq, the Dax, the FTSE and the Dow Jones.
Squawk / 16 March 2018 at 9:50 GMT
Head of Commodity Strategy / Saxo Bank
Gold is currently heading for its lowest trading range in percentage terms since December 2012. A range narrower than $17 was last seen in September 2007 when gold traded at $700/oz.

Open interest on the COMEX gold future has risen by 10% this week so it’s not because investors don’t care. They just don’t know what to make of it with opposing forces pulling it in opposite directions.

On top of a very quiet week for the dollar we are also seeing FOMC rate hike jitters being offset by geopolitical uncertainty/risks. If the FOMC fails to deliver a hawkish hike on Wednesday the price is likely to find a bid once again. Not least given the focus on Russia tensions and U.S. political uncertainty with Washington shifting further towards protectionism => trade wars => lower growth.
Jim Earls Jim Earls
What is the reason for Gold and Silver both being pushed to their daily lows nearly every day by 12:00PM EST?
Jim Earls Jim Earls
As you can see from the activity at the moment here-this is what happens nearly every day in the morning hours EST.
Ole Hansen Ole Hansen
Hi Jim, it is not something we have analysed. Today's gold weakness kicked off after US data helped drive the dollar higher as per the chart below.


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