Utilising MarketHive to Promote CryptoCurrency
Gold is well-positioned for when the Fed breaks something The gold market may not be able to break out of its neutral trading channel around $1,950 just yet, but it is well positioned to benefit when sentiment turns, which could be sooner than some are expecting. Yes, the U.S. has been able to avoid a […]
Gold investment potential remains healthy despite Fed's hawkish stance – State Street's Milling-Stanley Although the gold market is suffering from a lack of momentum, the precious metal's investment potential remains healthy, with plenty of potential to grow, according to one market strategist. In an interview with Kitco News, George Milling-Stanley, chief gold strategist at State […]
Gold prices holding around $1,950 as Powell remains hawkish, but markets see no more rate hikes The gold market has given back some of Wednesday's gains and prices are testing initial support around $1,950 an ounce after Federal Reserve Chair Jerome Powell said the Federal Reserve is prepared to hold interest rates at an elevated […]
China lifts gold import limits after yuan recovers, lowering local gold premium China’s central bank, the People’s Bank of China (PBoC), has lifted the temporary limits on gold imports that were aimed at supporting the renminbi, but which caused the local price of gold to skyrocket. The spread between the spot price of gold in […]
Gold will fall to $1800 by year-end as inflation eases while the U.S. economy grows – Capital Economics Gold is expected to fall to $1,800 per ounce by the end of the year as the US economy continues to grow and inflation pressures ease, according to analysts at Capital Economics. “Since rising to around $2,000 […]
Price rebounds for gold, silver to end trading week Gold and silver prices are higher in early U.S. trading Friday, on corrective bounces and short covering after both markets hit multi-week lows on Thursday. December gold was last up $7.70 at $1,940.40 and December silver was up $0.436 at $23.44. Asian and European stocks were […]
Gold will benefit from weaker USD, rising investment flows in 2024 – ANZ Research Even after briefly falling below $1900 an ounce amid surging Treasury yields and a six-month high in the US Dollar Index, gold has remained resilient, which bodes well for the precious metal’s price trajectory as demand improves, according to analysts at […]
Gold price downside is shallow as Fed's messaging is limited next week Gold prices remain firmly stuck in neutral as the tug-of-war between the Federal Reserve’s hawkish monetary policy bias and the risk of a potential recession continues to dominate the marketplace. While gold has some technical momentum behind it, analysts say it doesn’t have […]
Gold near steady, silver weaker after hotter U.S. data Gold prices are near steady and silver prices are moderately down in midday U.S. trading Thursday, following a batch of U.S. economic data that showed an uptick for producer inflation and solid retail sales. Both reports fall into the camp of the U.S. monetary policy hawks, […]
Gold, silver weaker after U.S. CPI suggests still-hawkish Fed Gold and silver prices are modestly down in midday U.S. trading Wednesday. Although prices showed little reaction to a major U.S. inflation report that contained no big surprises, the data did fall into the camp of the U.S. monetary policy hawks. That's a negative for the […]