Gold and silver are trading higher leading into the European open Both gold and silver are trading higher leading into the European open. The yellow metal is 0.19% up trading at $1873.90/oz while silver has pushed 0.25% higher to trade at $27.78/oz. In the rest of the commodities complex, copper is 0.82% higher and spot […]
Gold and silver are trading higher leading into the European open Both gold and silver are trading higher leading into the European open. The yellow metal is 0.19% up trading at $1873.90/oz while silver has pushed 0.25% higher to trade at $27.78/oz. In the rest of the commodities complex, copper is 0.82% higher and spot […]
Gold pulled back slightly from a 14-month high as prices hit a key chart resistance level A weaker US Dollar and heightened inflationary pressure are buoying the appeal of precious metals XAU/USD may see a minor pullback as prices hit the ceiling of an “Ascending Channel” Gold prices retreated slightly during Wednesday’s Asia-Pacific trade after […]
They’re back, gold bulls return with a mission, to take gold higher They’re back! Beginning at the end of March, when gold bulls witnessed gold prices continue to trade lower, hitting a bottom at $1640 there was an air of pessimism that surrounded them. Although gold began to trade-off of those lows by the end […]
Gold prices today jump again, cross key level – silver rates surge Gold rates today: On MCX, prices were near â¹48,000 per 10 gram Gold rates today: On MCX, prices were near â¹48,000 per 10 gram In global markets, gold rates today hit a 3-month high Weaker US dollar and a dip in Treasury yields […]
Silver's on the move, and gold better hang on! Another great week to be long this "Commodities Super-Cycle" as multiple commodities broke out to new contract highs. If you have been reading our daily note called the "Morning Express," you would already know that the rising commodity prices front runs the inflation data making it […]
Gold has the 'green light' as inflation heats up analysts look for break above $1,850 Analysts are still watching gold's $1,850 level closely as inflation pressures start to heat. Still, the uncertain economic outlook forces the Federal Reserve to remain patient and maintain its ultra-loose monetary policies. Analysts have said that gold is in a […]
LBMA overstates silver inventories, gold price stalls despite record inflation, what’s going on? Bullion Market Association (LBMA) overstated their silver holdings in April, an error which they later rectified. Previously, they had reported 1.15 billion Troy ounces of silver in stock, when in fact the correct figure is 1.14 billion Troy ounces. In a statement […]
Gold scores fractional gains even though the dollar recovered from the lows of the day As of 5:15 PM EST, the most active June 2021 contract is currently fixed at $1838.40, which is a fractional gain of $0.80 on the day. However, the real news in trading today was the intraday low that came in […]
Can gold coins really be legal tender? New all-time price high this year is 'possible' The state of Arkansas has recently signed legislation that removes sales taxes on gold, silver, platinum, and palladium bullion and coins. The move has been lauded as making it easier to use these coins as money in the state. “Including […]