By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Live Trading NewsLive Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
Reading: Gold price gains as investors weigh growth concerns, palladium price jumps
Share
Live Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Follow US
© 2024 LiveTradingNews.com - All Rights Reserved.
Live Trading News > Blog > Shayne Heffernan on Investments > Education > Gold price gains as investors weigh growth concerns, palladium price jumps
Business

Gold price gains as investors weigh growth concerns, palladium price jumps

Paul Ebeling
Last updated: July 24, 2022 10:40 pm
Paul Ebeling
Share
2 Min Read
107091884 1658372090877 gettyimages 1239067026 laowilas notitle220310 np2nu
SHARE

#metals #gold #palladium

$GLD $PLA $USD

“Gold held onto gains and headed for its 1st weekly gainer since early June as investors weighed renewed concerns over economic growth” –Paul Ebeling

Bullion’s reversal comes with more economic data fueling fears of a recession. US business activity contracted in July for the 1st time in more than 2 yrs, according to data released Friday, adding to a lots of indicators earlier in the wk that are painting a gloomy outlook.

Meanwhile, a gauge of the greenback has retreated from its July 14 peak. “We are finally starting to see some weakness in the US dollar index, as gold bounces off an oversold level, recovering above $1,700 for now,” said the business development manager at Sydney-based bullion dealer Guardian Gold Australia. “We now expect this initial flight to the US dollar to start rotating back into gold as investors search for a true and reliable hedge against inflation.”

Also weighing on gold is ongoing selling by exchange-traded fund investors, Commerzbank AG analyst said in a note. Investors have withdrawn more than 100 tonnes from gold ETFs during the past 4 wks. “ETFs recently saw outflows on 17 consecutive days,” he said.

Palladium lead gains at 7%. Palladium is becoming the go-to commodity trade after strong earnings from Tesla and as Chinese consumers resume car purchases. If dollar weakness continues, palladium will be one of the commodities that benefit during this global economic growth downturn, according to the senior market analyst at Oanda. “Palladium will benefit as recession fears for the US should put a cap on the dollar rally and demand for cars should still remain strong across US and China,” he said. “I think some traders viewed today’s first half of China auto sales as very positive for palladium.”

Have a prosperous week, Keep the Faith!

You Might Also Like

Hotels as Art Galleries in Asia

125 Public Companies Now Hold Bitcoin

Ferrari Hypersail

Banking Apocalypse, Bitcoin’s Just the Beginning

Bitcoin at ATH, What Next?

TAGGED:Goldmetalspalladium

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Subscribe our newsletter for latest news around the world. Let's stay updated!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
By Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   
Previous Article eb5cff67d3c0ef68f08b96e43a0a5ef8 Goodnight, Moon
Next Article 1 UUiC2d4ULC2TiiXWJ6NlAQ Central Bank Digital Currencies Are Worse Than Bank Accounts and Cash
Buy Bitcoin

Buy Bitcoin

Latest News

Saint Francis of Assisi in Ecstasy Caravaggio c.1595
St. Francis: The Deeds You Do Today
Catholic Featured Headline News Lifestyle Lifestyles of the RIch and Famous Living Luxury Opinion Politics Shayne Heffernan July 11, 2025
Screenshot 26 6 2025 132527
Tokenization and the Future of Financial Markets
Bitcoin Blockchain DeFI Digital Assets Economy Headline News KXCO Politics USD July 11, 2025
photo 2025 03 03 07 22 06
InfoFi: The Latest Abomination in Crypto
Crypto Featured Headline News Shayne Heffernan on Investments July 10, 2025
czi0oawj8y561
Asia’s Growth Resilience Amid U.S. Tariffs
America Asia Asia Business Featured Headline News KXCO Politics USD July 10, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
4.4kFollowersFollow
//

Stay informed with LiveTradingNews.com – your ultimate destination for timely and insightful updates on global markets, finance, and investment trends. Explore the latest news and analysis to empower your trading decisions.

Quick Link

  • About us
  • Advertise
  • Send us a tip!
  • Privacy Policy
  • Contact us

Top Categories

  • Knightsbridge Insights
  • Featured
  • Stocks
  • Shayne Heffernan
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Subscribe our newsletter for latest news around the world. Let's stay updated!

Live Trading NewsLive Trading News
Follow US
© 2025 LiveTradingNews - For The Traders, By The Traders – All Right Reserved By Knightsbridge Group
Welcome Back!

Sign in to your account

Register Lost your password?