The solution to the raising the U.S. debt ceiling is not going to be a cake walk Short-term T-bills maturing between June 6th through 15th are currently yielding 5.997%, an indication of the angst regarding whether a debt ceiling resolution can be reached on time before threatening a government default of its financial obligations. The […]
Debt-ceiling talks between Biden and McCarthy to resume at 5:30 EDT The latest round of debt-ceiling talks between the President and House Speaker will begin tonight at 5:30 PM EDT. While both sides have presented optimism on passing legislation that would temporarily suspend, or raise the debt limit ceiling, the Democrats and Republicans are still […]
Gold price could 'easily' regain $2k next week as more debt ceiling troubles ahead – analysts Even though gold is wrapping up the week down $30 — its worst performance since February — the Friday afternoon rebound keeps the bullish gold trend alive. The gold market recovered after Federal Reserve Chair Jerome Powell said rates […]
Gold rallies to daily high on short covering, Powell remarks Gold prices have pushed to double-digit gains in late-morning trading Friday. Short covering by the shorter-term futures traders, after the recent solid price losses, is featured. Also, the yellow metal rallied as Federal Reserve Chairman Jerome Powell said in a panel discussion that developments in […]
Strong decline in gold as economic data moves the Feds policy more hawkish A virtual pivot of market sentiment in gold as the precious yellow metal has a deep price decline this week. On Tuesday, May 16 gold futures basis the most active June contract opened at approximately $2020 per ounce. Today gold futures traded […]
Gold slumps as Fed confirms its resolute stance on lowering inflation In the span of just under two weeks, from Thursday, May 4 to Wednesday, May 17 we have seen gold drop substantially and concurrently the dollar gained substantially. Gold traded to a high of $2085 on March 4 and today traded to a low […]
Gold, silver prices down on demand worries, bearish outside markets Gold and silver prices are solidly lower near midday Tuesday. Weaker economic data coming out of China has prompted increased concerns about consumer and commercial demand for precious metals. Meantime, bearish outside market forces on this day are working against the metals markets—firmer U.S. dollar […]
Debt ceiling negotiations will resume on Tuesday which supports gold prices A second debt limit meeting between President Joe Biden and Senate majority leader McCarthy and other top congressional leaders will be held tomorrow, Tuesday, May 16. The divide between both sides was too wide for any progress to result from their first meeting. Staff […]
More than a quarter of Americans now view gold as the best long-term investment Gold is holding above $2,000 an ounce, but it's not making any new significant gains. And silver is down more than 6% in the last five days. Weaker economic data has reignited recession fears, keeping gold and silver on the sidelines […]
Gold price troubled by U.S. dollar's moves as Fed's rate expectations diverge After hitting a high of $2,055 an ounce this week, a move higher in the U.S. dollar weighed on the gold market, forcing the metal to end the week lower. Analysts point to divergence in Federal Reserve interest rate expectations as additional noise […]