Utilising MarketHive to Promote CryptoCurrency
BLS releases headline CPI inflation report today for January 2023 Traders and investors have been patiently waiting for today’s inflation report to glean information on whether or not the Fed will maintain its current monetary policy or adjust it to a somewhat looser policy. The report came in very close to estimates and did indicate […]
Gold, silver down on position evening ahead of U.S. CPI Gold and silver prices are lower in midday U.S. trading Monday, with silver hitting a 2.5-month low and gold a five-week bottom. The near-term chart postures for both metals have deteriorated recently, which are prompting some technical selling pressure. Also, weak long liquidation in the […]
U.S. fighter jet shoots down UFO over Canada, Trudeau says WASHINGTON/OTTAWA, Feb 11 (Reuters) – A U.S. F-22 fighter jet shot down an unidentified object over Canada on Saturday, the second such shootdown in as many days, as North America appeared on heightened alert following a week-long Chinese spying balloon saga that drew the global […]
This is the next big catalyst for gold price Gold is looking at its third consecutive week of losses after January's rally, which saw its best start to the year in over a decade. And now all eyes shift to next week's U.S. inflation report, with analysts saying it could be the next big catalyst […]
Investors wait for CPI numbers but the bearish sentiment remains on Fed’s narrative Gold investors had a wake-up call last Thursday when gold futures hit $1974, the highest value of 2023. But that same day also marked the beginning of a correction. Gold would lose approximately $90 per ounce over last Thursday and Friday. This […]
Uncertainty wanes as investors accept the resolve of the Fed For the most part, the uncertainty that defined market sentiment has pivoted to a sense of clarity about the future forward guidance of the Federal Reserve. It has become clear that the Federal Reserve will make good on its commitment to continue rate hikes and […]
Gold, silver slightly up in quieter trading Gold and silver prices are mildly higher in midday U.S. trading Wednesday. The precious metals markets are getting a very modest boost from slightly friendly outside markets on this day that include a slightly lower U.S. dollar index and firmer crude oil prices. However, gains in both metals […]
Gold rally loses steam as Powell warns inflation fight far from over Gold prices are slightly higher but off daily highs in afternoon U.S. trading Tuesday. The gold and silver markets got a brief lift and hit daily highs by a speech from Federal Reserve Chairman Jerome Powell, in which he initially produced no surprises […]
Considering dollar strength gold’s fractional gains were more than respectable After factoring in two days of dramatic price declines in gold resulting in a loss of just under $90 per ounce, the fractional gains were significant. The significance is in the fact that gold (futures and spot) pricing advanced at all with such a strong […]
Gold's massive $50 daily drop is just a 'speed bump' in the 2023 outlook but be aware of more profit-taking next week – analysts The gold market saw significant losses Friday as the precious metal dropped $50 on the day following a shockingly solid employment report out of the U.S. The U.S. economy added a […]