• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Investors turn to precious metals amid recessionary fears

2 years ago
in Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
63
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Investors turn to precious metals amid recessionary fears

The Global Precious Metals MMI (Monthly Metals Index) enjoyed its largest month-over-month increase in a year. Between March and April, the index broke out of its tight sideways range and rose by 6.93%. The current talk of the town for precious metal prices today centers around recessionary fears. Indeed, investors are increasingly turning to precious metals, a classic recession safe haven. Due to these investment changes, all silver, platinum, and gold parts of the index either rose or moved sideways with a slight upward movement.

Palladium Remains the Precious Metals Outlier

Unlike the rest of the precious metals, palladium has shown no signs of bullish strength for a while. In fact, both short and long-term outlooks for palladium continue to show downward trends. Price action within this market would need to show displacement to the upside. This would help form the short-term bullish structure needed to eventually drive longer-term trends. But until prices begin to shift up in the short term, palladium markets will continue to be driven to the downside, attempting to find supports.

Despite recessionary fears, palladium prices haven’t shown any significant bullish indicators like those seen in other precious metal prices today. Month-over-month price trends did move sideways with slight upward price action. However, this is only short-term. Therefore, palladium remains the outlier on the precious metals family, sticking very close to support zones. Ultimately, price action needs to show a shift to the upside with significant strength to induce a new trend and reverse up.

Precious Metal Prices Today: Platinum

Unlike gold and silver, platinum prices do appear to be trading up in the short term. However, they also lack the significant long-term strength demonstrated by gold and silver. Indeed, price action continues to trade within a range in the medium-long term. Therefore, platinum would need to show bullish displacement to the upside above resistances for a breakout. This would create an identifiable direction within platinum, as the trend currently remains sideways.

RelatedPosts

The 10 Fastest-Growing Trading Nations in Africa

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert

Inside Details of Presco’s $172m Acquisition of SOP, Ghana Oil Palm Firm

Silver Remains Bullish

Similar to gold, price action continued to show bullish strength and momentum to the upside in recent weeks. That said, silver prices appear to be pressured by significant seller resistance. Silver would therefore need to find significant support and break out through resistances for uptrend continuation.

Precious Metal Prices Today: Gold

Price action for gold shows upside strength alongside bullish momentum, driving prices near historical resistances. Though seller pressure from all-time highs continue to weigh prices down, gold always seems to find support in the short term. This is the main reason for the continue uptrend seen in recent weeks. Should prices continue to break out, gold may potentially seek a new all-time high. However, it is important to closely monitor dollar Index prices as it serves as another main driver in commodities.

Tags: GoldInvestors turn to precious metals amid recessionary fearsrecession
No Result
View All Result

Highlights

Africa’s Richest Economy’s Currency Hits Nine-Month High as Fed’s Dovish Signal Weakens Dollar

Trump Weighs Using $2 Billion in CHIPS Act Funding for Critical Minerals

Moving Gold, Moving Economies: The Rise of Migrant Women in Zimbabwe’s Mining Sector

Senegal and Mercedes-Benz Partner to Build Trucks

INTERPOL Recovers Over $90 Million From African Crime Syndicates

Djokovic and Gauff Gear Up for US Open with Strategic Focus

Trending

Business

The 10 Fastest-Growing Trading Nations in Africa

August 23, 2025

The 10 Fastest-Growing Trading Nations in Africa Against the backdrop of shifting dynamics in global trade, several...

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert

August 23, 2025

Inside Details of Presco’s $172m Acquisition of SOP, Ghana Oil Palm Firm

August 23, 2025

Africa’s Richest Economy’s Currency Hits Nine-Month High as Fed’s Dovish Signal Weakens Dollar

August 23, 2025

Trump Weighs Using $2 Billion in CHIPS Act Funding for Critical Minerals

August 23, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.