In the Press

Gold consolidates near one-month peak on cautious Fed

“Overall, (the) monetary policy background will remain accommodative and there are uncertainties around (the) COVID-19 Delta variant, Chinese slowdown concerns, geopolitical tensions,” said Harshal Barot, a senior research consultant for South Asia at Metals Focus. By Brijesh Patel for Reuters.

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What are companies doing with their piles of cash?

While the market faces a turning point, the reality is that real interest rates will remain in negative territory for the foreseeable future. Analysts at Metals Focus recently said in a report that they still see a path for the precious metal to rise back to $1,900 an ounce. Writes Neils Christensen for Kitco News.

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Gold eases off one-week high as dollar ticks up

Now, the expectation is that the Fed may not aggressively taper its bond-buying programme, or alter the timeline for the first lift-off, given the persistent rise in coronavirus cases, said Harshal Barot, a senior research consultant for South Asia at Metals Focus. Writes Eileen Soreng for Reuters.

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Gold heads for best weekly gain in over 2 months on dovish Fed

“The backdrop for gold is still positive… There is a lot of uncertainty in terms of whether the economic recovery will continue as strong and what happens in the U.S. labor market,” said Harshal Barot, a senior research consultant for South Asia at Metals Focus. Writes Eileen Soreng for Reuters.

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Gold hits one-week trough as dollar gains

“The dollar strength is limiting gold’s upside and sort of remains one of the key headwinds,” said Harshal Barot, a senior research consultant for South Asia at Metals Focus. Reuters.

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PRECIOUS-Gold slips as dollar gains some ground, equities firm

While there has been some concerns over the highly contagious the Delta variant of the coronavirus, the more optimistic side of the market sees this as temporary and think economic growth and inflationary pressures might return sooner, preventing any sort of convincing recovery in gold prices in the near-term, said Harshal Barot, a senior research consultant for South Asia at Metals Focus.

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Indians Are Selling Their Gold Jewelry to Make Ends Meet

The likelihood of financial distress caused by the second wave is much higher and it could lead to more outright sales of gold, unlike in 2020, when consumers chose to take out loans against their stash of the metal, according to Chirag Sheth, a consultant at London-based Metals Focus Ltd. Bloomberg News.

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Can Reddit’s silver “apes” beat the market?

Investors will stockpile a lot of silver this year, but less than in 2020, according to consultants Metals Focus. Demand in the West is strong, but in India, one of the biggest silver consuming countries, the pandemic is reducing people’s ability to buy, they say. Reuters.

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