Gold, silver hit hard by profit taking, bearish outside markets Gold and silver prices are sharply lower in midday U.S. trading Monday after hitting multi-month highs overnight. The metals are being hit by heavy profit taking from the shorter-term futures traders and by bearish outside markets. The U.S. dollar index is solidly higher and crude […]
Will $1,800 bring the gold bulls back? Analysts look for follow-through buying next week rowing expectations that the Federal Reserve will slow the pace of rate hikes are creating new momentum in the gold market as prices ended the week above $1,800 an ounce. However, some analysts aren't entirely convinced that new capital is coming […]
Solid performances from gold & silver and a jobs report above expectations Solid performances from gold & silver and a jobs report above expectations Both gold and silver had stellar performances this week. This week the precious metals moved on both the jobs report and chairman Powell’s speech on Wednesday. Gold futures opened today at […]
Gold, silver rally amid bullish outside markets, dovish Powell Gold and silver prices are sharply higher in midday U.S. trading Thursday, with gold notching a 3.5-month high and silver a six-month high. A slumping U.S. dollar index, higher crude oil prices and falling U.S. Treasury yields on this day are all boosting the precious metals […]
Investors focus on Powell's comments which put gold back into rally mode Today gold futures are trading solidly higher as market participants react to Chairman Jerome Powell's speech at the Hutchings Center on Fiscal and Monetary Policy, held at the Brookings Institution in Washington. Market participants focused intently on his remarks which alluded to a […]
Gold, silver sell off as USDX rebounds from overnight low Gold and silver prices are lower and nearer their daily lows in midday U.S. trading Monday. The metals are seeing selling pressure as the U.S. dollar index has rallied after trading solidly lower overnight. There are also worries about global demand for metals as unrest […]
The Fed is not ready to pivot now, but it might be soon The gold market continues to hold its own as prices end the week slightly above $1,750 an ounce. The precious metal was once again thrown a lifeline by the Federal Reserve after the minutes from the November monetary policy meeting were deemed […]
The Fed is not ready to pivot now, but it might be soon The gold market continues to hold its own as prices end the week slightly above $1,750 an ounce. The precious metal was once again thrown a lifeline by the Federal Reserve after the minutes from the November monetary policy meeting were deemed […]
Gold needs a new catalyst as prices end the week around $1,750 The gold market is holding its own at $1,750 an ounce, but analysts are warning investors not to expect a breakout move anytime soon as the precious metal is in desperate need of a new catalyst to drive prices. According to commodity analysts, […]
SocGen looks for bonds to outperform equities as Fed pivots in Q2 – gold remains a risk hedge A mild recession in the U.S. in 2023 will force the Federal Reserve to pivot in the second quarter of next year, according to market analysts at Société Générale. The French bank said Thursday that it was making […]