Utilising MarketHive to Promote CryptoCurrency
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 […]
Gold, silver pull back on profit taking and as USDX rebounds Gold prices are lower and silver well down from its daily high in midday U.S. trading Thursday. Profit taking from the shorter-term futures traders is featured in both metals after gold hit a nine-month high and silver a four-week high overnight. A rebound in […]
Gold price rallies, post-FOMC, as USDX, U.S. bond yields sink Gold and silver pricesare higher and near their daily highs in afternoon U.S. trading Wednesday, in the wake of a slight interest rate increase from the Federal Reserve that was widely expected. April gold was up $15.30 at $1,960.40 and March silver was up $0.199 […]
Gold, silver up after traders buy the early price dips Gold and silver prices are firmer in midday U.S. trading Tuesday, as traders stepped in to do some perceived bargain hunting on early-session price pullbacks. Trading action is more subdued just ahead of this week’s monetary policy decisions by major central banks. February gold was […]
Gold, silver tread water just ahead of FOMC meeting Gold prices are modestly down and silver slightly up in midday U.S. trading Monday. Gold is seeing a mild corrective pullback and a bit of profit taking from futures traders after prices last week hit a nine-month high, and just ahead of this week’s highly anticipated […]
Will the Fed stop gold's run? Gold price sees longest weekly winning streak since the summer of 2020 Gold is looking to close Friday with its sixth weekly gain — the longest winning streak since the summer of 2020 when gold hit new record highs above $2,000 an ounce. But the question is whether the […]
Gold declines in light of the report that revealed inflation continues to decline As of 6:00 PM EST, the February contract of gold futures has fallen for the second time in the last seven trading days. Currently, gold futures are fixed at $1927.60, a decline of $2.40 or 0.12%. Gold traded to a high of […]
Gold consolidating gains above $1900 into Fed week The gold price is up over $100 in the first month of 2023, its best start to the year since 2012. After a false breakout to the downside during the final quarter of 2022, gold has zoomed $332 an ounce from its November low at $1618. This […]