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Gold Price News: Gold Dips As Mid-East Fears Ease Gold prices edged slightly lower on Tuesday, coming under moderate downward pressure from an easing in geopolitical tensions in the Middle East. Prices eased as low as $2,311 an ounce before regaining some of the losses to trade at around $2,317 an ounce by late afternoon. […]
Gold, silver up a bit in quieter, two-sided trading Gold and silver prices are just a bit higher in midday U.S. trading Wednesday, on some more backing and filling on the charts amid a lack of major, fresh fundamental news in the marketplace at mid-week. Traders are awaiting some fresh markets-moving fundamental news. June gold […]
Modest downside corrections for gold, silver KGold and silver prices are posting mild losses in subdued midday U.S. trading Tuesday, on corrective pullbacks after Monday’s decent gains. A firmer U.S. dollar index on this day is a mildly bearish “outside-market” force working against the precious metals market bulls. June gold was last down $10.00 at […]
Gold Price News: Gold Eases Lower, Finds Support Below $2,290 Gold News Market Analysis Gold prices eased lower on Thursday, giving up the previous day’s gains, although prices came back up off the lows to finish down around 0.7% day-on-day. Prices fell as low as $2,286 an ounce before climbing back to around $2,304 an […]
Wall Street joins Main Street in the bear cave for next week as gold’s price momentum wanes The gold market had plenty to digest this week, with manufacturing and services sector data, nonfarm payrolls, and the FOMC rate decision, and while precious metals prices did see a boost from the Fed that effectively ruled out […]
Gold Price News: Gold Falls Sharply Below $2,300 as US Data Points to Inflation Market Analysis Gold prices saw a sharp sell-off on Tuesday, pushing prices to their lowest level for a week, as economic figures pointed to high inflation, indicating lower chances of interest rate cuts any time soon. It was one-way traffic on […]
Gold Futures Tumble Below $2,300 as Traders Brace for Fed's Hawkish Pivot Gold Futures Tumble Below $2,300 as Traders Brace for Fed's Hawkish Pivot teaser image Gold futures prices plummeted on Tuesday, dipping below the crucial $2,300 per ounce level, as traders braced for a potential hawkish shift from the Federal Reserve in its upcoming […]
Gold Prices Subdued as Investors Await FOMC Meeting As of 5:30 PM EDT, gold futures based on the most active June 2024 contract are down $2.10, or -0.09%, settling at $2347.50. Today's decline would have been more significant if not for the dollar's weakness. The dollar is currently down -0.26%, taking the dollar index to […]
Gold at the highest probability of a 'melt-up' since the 1980s, but don't rule out 10% corrections – Jared Dillian Commodities are known to top following major geopolitical events but don't discount gold seeing 10% moves in any direction as the market is at the highest probability of a melt-up since the 1980s, according to […]
Gold Hits Record Highs Rising with the US Dollar Over the last six weeks, gold and the US dollar have been moving higher in strong correlation. This is contrary to the typical moderately inverse relationship between the two Tier 1 bank assets. Gold & The Dollar I use the term “moderately” because the media and […]