Utilising MarketHive to Promote CryptoCurrency
Gold price rallies after FOMC statement deemed not too hawkish Gold and silver prices are higher and neare daily highs in U.S. trading Wednesday, following a Federal Reserve monetary policy statement that the precious metals bulls saw as price-friendly. April gold was last up $13.30 at $2,173.10. May silver was last up $0.29 at $25.425. […]
Gold price forecast looks bearish, dragged by fundamental risks, technical indicators – FX Leaders’ But Gold prices look set to continue their recent retracement as the technical and fundamental picture worsens, according to Arslan Butt, Lead Commodities and Indices Analyst at FX Leaders. Butt said the near-term price forecast for spot gold looks weak as […]
The gold market has gotten ahead of anticipated Fed easing cycle – Barclays The gold market has gotten ahead of itself and is due for a further correction after a relatively quiet week following its breakout to record highs, according to one major British Bank. While off of last week's high above $2,200 an ounce, […]
Investors speculate on Fed’s decision next week as inflation remains persistent A primary purpose of holding or investing in gold is to protect one’s portfolio against high inflation. It has always been considered an inflationary hedge. Simply put, one can extrapolate that if interest rates remain elevated or spike higher it will provide bullish tailwinds […]
Gold Price News: Gold Pulls Back From All-Time Highs Frank Watson Gold News Market Analysi Gold prices pulled back slightly on Tuesday from their recent all-time highs after figures showed US inflation at higher-than-expected levels in February, prompting questions over any interest rate cuts. Prices eased as low as $2,153 an ounce during the […]
Gold Price News: Gold Closes in on $2,200 an Ounce Level Gold prices extended their recent gains on Friday to cap a particularly bullish week in which prices notched up fresh all-time highs. Prices rallied as high as $2,195 an ounce on Friday, although prices eased back to trade at around $2,180 an ounce later […]
Gold Price Forecast – March 2024 Key Takeaways The gold price is still trading above $2,000 an ounce despite a challenging scenario. The demand for gold from jewellery, the industrial sector and central banks remains strong. The price of gold could find a new positive impulse above $2,070, while a decline below $1,980 would denote […]
Gold Price News: Gold Extends All-Time Highs Gold prices extended their recent gains on Thursday to hit fresh all-time highs of over $2,160 an ounce. Prices notched up a high of $2,164 an ounce on Thursday, compared with around $2,148 an ounce in late deals Wednesday. Several bullish factors have combined to propel gold prices […]
Gold price vs. Bitcoin price record rally: Mixed market signals, here's what it all means — Gareth Soloway (Kitco News) – Are the gold and Bitcoin rallies sending mixed messages to the market, and which narrative should investors pay attention to more? Gareth Soloway, Chief Market Strategist at VerifiedInvesting.com, breaks down the two signals. Even […]
Gold’s shock rally has analysts grasping for explanations Gold’s surprising rally to new all-time highs has even seasoned industry professionals scratching their heads as to the true cause. “It is clear that despite the West's disaffection for gold […] demand in China is more than offsetting the shortfall, with monumental volumes flowing from West to […]