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Gold pauses ahead of FOMC minutes release Gold prices are near steady up and silver solidly higher in midday U.S. trading Wednesday. Short covering from the futures traders was featured, especially in silver, ahead of the afternoon FOMC minutes from the Federal Reserve. August gold was last up $0.10 at $1,929.60 and September silver was […]
Gold prices to remain in neutral territory for the rest of 2023, silver to see slightly higher prices – BMO Capital Markets Gold's brief push above $2,000 an ounce in mid-May could represent the yellow metal's high-water mark for the year as markets continue to adjust to dynamic interest rate expectations and a resilient U.S. […]
Gold, silver see mild rebounds on short covering Gold and silver prices are modestly higher in midday U.S. trading Monday. Short covering from the futures traders is featured following the recent selling pressure in both markets. Activity was muted to start the U.S. holiday-shortened trading week. August gold was last up $4.20 at $1,933.50 and […]
Fed will raise rates to 6% in 2023, gold could hit $10k by 2025 – Tom Luongo The Federal Reserve will hike interest rates to 6 percent in 2023, according to Tom Luongo, Publisher of Gold, Goats 'n Guns. Luongo had correctly forecast in 2022 that Fed Chair Jerome Powell would continue to hike into […]
Here's why gold price is above $1,900 despite two looming rate hikes After testing $1,900 an ounce, gold has come out on top, saving itself from a more significant selloff if prices dropped below this psychologically important level. Gold is wrapping up the second quarter down more than $80, the worst performance since the third […]
When fiction reveals the flaws in well-thought-out plans In both comedy films and real life, we often encounter situations where meticulously crafted plans fall flat on their faces. This article takes a humorous perspective on the notion that sometimes fiction can be more viable than a supposedly well-thought-out plan. While the focus of this article […]
What's next for gold price if chances of a recession are 'slim,' Metals Focus weighs in The resiliency in the U.S. economy is forcing markets to re-price the monetary policy outlook for the rest of the year. And as gold looks to end the month down $65, Metals Focus analyzed how much lower gold can […]
Bearish technicals limit buying interest in gold, silver Gold and silver prices are modestly down in midday U.S. trading Wednesday, with gold notching a 3.5-month low overnight. A lack of markets-moving fundamental news at mid-week has traders focused more on the analytical charts for the precious metals, which are leaning bearish. August gold was last […]
U.S. durable goods beat expectations in May, gold price erases early-morning gains The gold market erased its early-morning gains after the newly released data showed that orders for long-lasting U.S. factory goods were up 1.7% in May versus the expected decrease of 1%. The monthly increase in durable goods orders was $4.9 billion and was […]
Gold, silver see mild safe-haven demand after Russia revolt Gold and silver prices are higher, with silver solidly up, in midday U.S. trading Monday. Some safe-haven buying is featured following an aborted insurrection in Russia over the weekend that has left the nuclear armed nation’s military destabilized and has the rest of the world wondering […]