Utilising MarketHive to Promote CryptoCurrency
Gold prices holding above $2,000 as U.S. flash PMI provides muddled economic outlook Gold prices are holding near session highs above $2,000 an ounce as preliminary indicators point to a further contraction within the manufacturing sector and neutral activity in the service sector. Friday, the S&P Global Flash U.S. manufacturing PMI data fell to 49.4, […]
Gold needs to break above $2,010 for prices to have a chance at ATHs The gold market has managed to reclaim the $2,000 level as it looks to end its second consecutive week in positive territory. However, analysts have said that gold's momentum remains limited, and prices are unlikely to break current resistance levels as […]
Chinese traders buy 17.5 tonnes of gold, but Western buying remains exhausted – TD Securities Western investors continue to avoid gold; however, Asian and emerging market demand continues to dominate and support prices at a critical juncture. In a report published Wednesday, commodity analysts at TD Securities noted that in the past week, Chinese traders […]
Gold prices below $2,000, but seasonals remain favorable Although gold remains stuck below $2,000 an ounce, some analysts remain optimistic that all-time highs are an achievable target by year-end or into the new year. In quiet holiday trading, spot gold prices have stabilized Thursday at an elevated level, last trading at $1,992.20 an ounce, up […]
Gold, silver slide as USDX rallies, crude oil sells off Gold and silver prices are lower in midday U.S. trading Wednesday, pressured by solid gains in the U.S. dollar index and sharp losses in crude oil. Better risk appetite in the general marketplace this week is also a bearish element for the safe-haven metals. December […]
Fed hikes may have concluded, as central banks purchase gold at a record level Gold had tremendously strong gains today of just over $20 per ounce in both physical gold as well as futures. As of 4:00 PM EST gold futures basis the December contract is currently up $20.80 or + 1.05%, and fixed at […]
Gold, silver weaker amid better risk appetite in marketplace Gold and silver prices are moderately lower in midday U.S. trading Monday. The safe-haven metals bulls have lost momentum amid investor risk appetite that continues to improve heading into the holidays. There are solid clues the U.S. Federal Reserve is done raising interest rates amid falling […]
Retail investors bullish on gold, but Wall Street analysts shift into neutral Gold inched steadily higher this week, with prices seeing bumps following economic data releases, but after the strong and sudden moves of the past month or so, the precious metals’ price action was more orderly and less dramatic. The latest Kitco News Weekly […]
Massive divergence – Kai Hoffmann on why gold stocks should be trading higher Generalist investors are still on the sidelines when it comes to gold, noted Soar Financial CEO Kai Hoffmann. On Thursday Hoffmann spoke to Kitco. Hoffmann is hosting Deutsche Goldmesse in Frankfurt, Germany. The 2023 fall event kicks off November 24. Headliners include […]
Gold price up amid weakening USDX, down-tick in U.S. bond yields Gold and silver prices are moderately higher in early U.S. trading Friday, with silver hitting a 2.5-month high. The precious metals are supported on this last trading day of the week by a lower U.S. dollar index and a decline in U.S. Treasury yields. […]