Gold will rise with dollar as 'violent' global debt crisis unfolds, de-dollarization will take at least a decade – Brent Johnson The dollar will gain strength relative to other currencies, along with gold, as a "violent" global debt crisis unfolds. That is according to Brent Johnson, Founder and CEO of Santiago Capital. Johnson, who created […]
Will jobs and inflation data confirm the Fed's stance on two more rate hikes? This is what gold price is watching Gold is seeing its worst week since February as the Federal Reserve's outlook of two more rate hikes weighs on the precious metal. But some analysts don't see the macro picture supporting that hawkish […]
If you think gold had a brutal selloff this week, just look at a silver chart Gold prices this week had such a strong decline that they traded to a low not witnessed since the first week of March, declining by approximately $39 per ounce. Gold futures basis most active August contract opened at approximately […]
Gold breaks below recent lows as central banks worldwide raise rates The Federal Reserve’s drumbeat signaling more rate hikes is loud enough to be heard on the other side of the world. In his second day of testimony to the House and Senate Chairman Powell is reiterating his message that a “strong majority” of Federal […]
Powell's testimony helps take gold futures to the lowest value since March 17th Chairman Powell testified before the House Financial Services Committee today. This is part of his semiannual report which will conclude tomorrow when he appears before the Senate Banking Committee. His opening statement was close to a word-for-word repeat of his opening statement […]
Gold, silver sink as USDX rallies, crude dips; Powell on deck Gold and silver prices are solidly lower in midday U.S. trading Tuesday, feeling the pressure of a higher U.S. dollar index and lower crude oil prices on this day. August gold was last down $23.40 at $1,947.90 and July silver was down $0.891 at […]
Gold price is stuck in neutral, but that is its strength now Although gold is struggling to attract bullish momentum, analysts note that its strength now relies on how much support is in the marketplace, even as speculative interest starts to drop. In its latest trade data, Commodity Futures Trading Commission noted that speculative interest […]
Gold's new price base keeps record highs within reach, says VanEck Gold has formed a new base at the $1,900 an ounce level, and if that continues to hold, record highs will be within reach, according to VanEck's latest analysis. Gold has just spent the most time above $1,900 an ounce than ever before, forming a […]
A big move in gold price is coming after weeks of neutral stance – analysts The gold market has been steady so far in June, trading between $1,940 and just under $2,000 an ounce. But analysts warn that after weeks of sideways price action, gold is ready for a more significant move. The caveat is […]
Silver outshines gold with better short-term performance Both gold and silver investors have focused on the recent decision by the Federal Reserve that was revealed at this month's FOMC meeting on Wednesday. The Federal Reserve decided not to raise its benchmark Fed funds rate this month after raising rates for the last 10 consecutive FOMC […]