Precious Metals Fundamental Analysis – September 1, 2015 – Forecast – Gold, Silver & Platinum

Analysis and Recommendations:

Gold eased $1.20 to 1132.80 as traders monitored statements and comments from Fed members at Jackson Hole over the weekend. It looks like the Fed may still consider a September rate increase. Silver dipped 34 points to 14.515 and Platinum reached 1004.25 losing $17.45.

Gold is set to reverse two months of losses as concern that China may be slowing triggered a rout in global financial markets and drew investors to safe haven assets, countering prospects for an interest-rate increase in the US.

Prices have risen 3.5% in August, on track for the best monthly advance since January, as a surprise devaluation of China’s currency fueled concern that the world’s second-largest economy may be in worse shape than previously thought.

Holdings in bullion-backed exchange-traded funds rose to a one-month high on August 27 as the MSCI All-Country World Index of equities headed for the worst monthly performance since May 2012 and a gauge of 22 raw materials was set to decline for a second month.

Only lean hogs performed better than gold on the Bloomberg Commodity Index in August. Turmoil in financial markets has clouded the outlook for US monetary policy, with traders betting on a 38% chance the Federal Reserve will raise rates at its September meeting, down from 48% two weeks earlier.

FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports.

Today’s economic releases:

 

Upcoming Economic Events that you should be monitoring:

Tuesday, September 1, 2015

Government Bond Auctions

Date Time Country

Sep 01 11:15 Austria Holds RAGB bond sale

Sep 01 00:00 UK Announces details of 3.5% 2045 Gilt

Sep 02 11:03 Sweden Holds bond auction

Sep 02 11:30 Germany Eur 4bn 0.25% Oct 2020 Bobl

Sep 02 11:30 UK Auctions new Jan 2021 Gilt

Sep 03 10:30 Spain Auctions Bonos/Obligaciones

Sep 03 11:10 France Auctions OATs

Sep 03 00:00 US Announces details of 3yr note on 08 Sep, 10yr note on 09 Sep

Sep 03 00:00 US Announces details of 10-year note on 09 Sep