Explore Special Offers & White Papers from ADMIS

Moderate Pressure For Gold

GOLD / SILVER

With gold closing lower in Hong Kong and Shanghai and futures in the US starting off under moderate pressure, the path of least resistance is pointing down to start the new trading week. Clearly higher equities and strength in most physical commodities points to a risk on session, thereby putting gold and silver in a liquidation track.

PLATINUM / PALLADIUM

After seeing a-number of bullish long-term fundamental demand headlines over the last month, the palladium market has shown the inability to hold gains and has been unable to track higher with platinum. Obviously, the talk of rotation from expensive palladium to cheaper platinum, combined with the potential for long platinum/short palladium spread trading, leaves thick resistance hanging over the palladium contract.

COPPER

Extensive volatility is expected to continue in copper with big picture macroeconomic issues at key junctions outside of China and China showing signs of moving to quell aggressive price gains in some industrial commodity prices. However, copper should see support from the risk on start to the trading week.

Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.

ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.                  

A subsidiary of Archer Daniels Midland Company.

© 2021 ADM Investor Services International Limited.

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

Latest News & Market Commentary

Explore Special Offers & White Papers from ADMIS

Get Started