10 May 2024 – 08:37 Central Euro Time

The Metals Triumvirate is on the move this morning as Gold, Silver and Copper are getting the bid, all at present above today’s neutral Zones; the other BEGOS Markets are within same and volatility is mostly light, the exception being Copper having already traced 73% of its EDTR (see Market Ranges). Gold appears on track for a positive weekly close for the first time since that ending 20 April; in real-time, the yellow metal still is +70 points above its smooth valuation line (see Market Values); and at Market Trends, Gold’s linreg remains negative, however the “Baby Blues” therein have today lurched to the upside, and the “textbook technicals” have begun turning positive; more on it all of course in tomorrow’s 756th consecutive Saturday edition of the Gold Update. In a day replete with FedSpeak, the Econ Baro concludes its week with May’s UoM Sentiment Survey and April’s Treasury Budget.