Gold Snapshot, Nov 13, 2023

Gold Snapshot, Nov 13, 2023
  • Written by
  • Hugo Pascal
  • Published on
  • Nov 14, 2023
  • Copy link
  • Twitter
  • Facebook
  • LinkedIn

Gold Snapshot, Nov 13, 2023

Gold hasn’t been immune to a sudden price pullback across the precious metal complex, despite lower yields.

  • Fed officials, including J. Powell sounded more hawkish in their battle with inflation and an easing of tensions in the Middle East both impacting the metal, while the ‘Magnificent’ 7 remain the safe haven for now…
  • Gold futures settled lower on Friday dropping $32 an ounce closing the week at $1,937 per ounce or -3.10%.
  • Week to-Week Open Interest decreased by 12,292 lots or 1.23 M ounces as traders booked gains.
  • COT report will be delayed due to the federal holiday, but be sure, money managers (funds) have trimmed their net-long positions.
  • Gold options are tentatively pricing in a smaller risk of escalation in the Middle East as the metal skew recedes from a 7-month high.

Want to know more?

Talk to your consultants to pick their brains about Gold Prices.

Learn More

Most Recent Posts

  • All Post
  • Blog
  • Fund Management
  • In Depth Analytics
  • Topics
  • Uncategorized
    •   Back
    • Tax Benefits
    • Company Details
    • Gold
    • Directors
    • Beneficiaries
    • Financial Accounts
    • Digital Services
    • Promotions

Category


Tags

  • Most Recent Posts

Latest articles

Tool and strategies modern teams need to help their companies grow.

Subscribe to our newsletter

Invite users to stay updated with exclusive insights and market trends by subscribing to the newsletter.

Important Disclosure Information

InProved Pte. Ltd. (“InProved”, UEN 201602269C). InProved is regulated by the Ministry of Law (“Minlaw”) and holds a Precious Stones and Precious Metals license for dealing in bullion products (PSPM License PS20190001819). For additional legal and privacy related information related to InProved, please visit are terms and conditions.

Our products and services are only available to Accredited Investors. Investing in bullion involves risk, and there is always the potential of losing money. Certain bullion products are not suitable for all investors. The rate of return on investments can vary widely over time, especially for long-term investments. Past performance is no guarantee of future results. Before investing, consider your investment objectives and any fees and expenses that may be charged by InProved and any third-party stakeholders. The content provided herein is for informational purposes only and is not investment or financial advice, tax or legal advice, an offer, solicitation of an offer, or advice to buy or sell or hold bullion products. This material has not been reviewed by the Minlaw.

Statements made are not facts, including statements regarding trends, market conditions and the experience or expertise of the author or quoted individual(s) are based on current expectations, estimates, opinions and/or beliefs. Opinions expressed by other members on InProved should not be viewed as investment recommendations from InProved. Endorsements were provided at the request of InProved. InProved is not affiliated with and does not purport to own or control any third-party content linked herein.

Copyright © 2025 InProved Pte Ltd (UEN 201616594C, PSPM license PS20190001819)