マーケットコメンタリー
著名ストラテジストによる短くタイムリーな見解 — 市場を動かした要因と注目ポイント。
Robert Gottlieb · WatchGold Team · 2026/08/12 12:52
CPI Comes In as Expected: Gold & Silver Pause, Then Resume Their Rally
Today’s CPI came in right in line with expectations, removing at least for now, one potential headwind for precious metals. Headline CPI was 3.4% year-over-year, exactly as forecast, and down slightly from 3.5% in June.…
Robert Gottlieb · WatchGold Team · 2026/08/11 18:52
Today's Gold & Silver Price Action – What Are the Implied Gold & Silver EFPs and CME Gold Warehouse Stocks Telling Us?
Gold briefly broke above its 100-day moving average of $4,389, but was unable to hold that level as a stronger U.S. dollar weighed on prices later in the session. Both gold and silver finished well off their intraday…
Robert Gottlieb · WatchGold Team · 2026/08/10 18:21
An interesting day for #Gold and #Silver, with both metals rallying despite crude oil climbing 4.4% and U.S. interest rates moving higher. At the same time, implied gold and silver EFPs remain elevate
We've done a lot of constructive work to reach this point, and market positioning appears to be rebuilding. All eyes now turn to this week's CPI report, which should provide additional guidance on the FOMC's next move.…
Robert Gottlieb · WatchGold Team · 2026/08/06 18:10
Implied Silver EFP and London OTC Rates Continue to Move Higher as Implied Silver EFPs continue to strengthen.
Implied September Silver EFP on Watchgold platform is currently around 24¢, while the broker market settled at approximately 23¢ mid. At 23¢ over September CME futures, the implied yield is approximately 6.0%, compared…
Robert Gottlieb · WatchGold Team · 2026/08/06 17:55
Gold and Silver: I was almost starting to run out of patience...
It looked like the precious metals rally was beginning to gain real momentum today. Gold and silver got off to a strong start, and it finally felt like the market was ready to break higher after several weeks of…
Robert Gottlieb · WatchGold Team · 2026/08/05 18:23
Gold and Silver Get a Strong Bid today!
Gold and silver staged an impressive rally today. Crude oil declined again on continued optimism surrounding developments in the Strait of Hormuz, while the U.S. dollar weakened and equity markets moved higher. Against…
Robert Gottlieb · WatchGold Team · 2026/08/04 18:55
Implied gold EFP trading high but silver even higher due to tariff threats
While the implied December gold EFP on Watchgold shows $57.25, that is a little high due to time delays between our spot and futures prices. The broker settled December gold EFP at $56.50 which is approximately 4.25%…
Robert Gottlieb · WatchGold Team · 2026/08/04 18:32
The Central Bank of Tether - impact on gold
Tether gold purchased approximately 450k oz of gold in Q2/26 according to their external reporting, more than double the 210k oz bought in Q1/26, bringing its total holdings to 4.7Moz, worth $18.8 billion. Tether’s…
Robert Gottlieb · WatchGold Team · 2026/08/04 17:36
Gold and Silver Looking Perky Today
Gold and silver are showing encouraging price action today, while crude oil is down more than 4.5% and equity markets are rallying strongly. Both metals are holding firm and forming a base and attempting to move higher.…
Robert Gottlieb · WatchGold Team · 2026/08/03 15:17
Despite crude oil is down 6%, not helping gold today as USD stronger.
The markets are pricing in a 65-70% chance of a 25 bp USD rate hike for September's FOMC meeting. See today's 1 day spot gold/usd chart from Watchgold