Gold, silver down amid weak China economic news, bearish outside markets Gold and silver prices are solidly lower in midday U.S. trading Monday, on demand concerns for the metals after a batch of weak economic data from China. Sharply lower crude oil prices and a stronger U.S. dollar index to start the trading week are […]
Stronger dollar set for weekly loss as traders adjust rate hike bets The dollar rallied on Friday but was set for a weekly drop as traders weighed improving U.S. inflation data against comments from Federal Reserve officials who cautioned the battle against rising prices is far from over. U.S. import prices declined for the first […]
Gold will play a big role in the coming global 'monetary reset' as U.S dollar loses its dominance – Maxime BernierCornelius Christian Cornelius Christian A global monetary reset is inevitable, as fiat currencies are being debased due to excessive money printing.The U.S. dollar will be dethroned as the dominant global reserve currency by currencies backed […]
Traders buy the dip all week reinforcing support for gold futures at $1800 On Monday, August 8 gold futures opened at $1790 and by the close of trading had broken and closed above its 50-day moving average and closed at $1805 per ounce. Throughout the remainder of the week, December gold futures closed above $1800 […]
Gold, silver lower amid better risk appetite, rising bond yields Gold and silver prices are moderately down in midday U.S. trading Thursday, on some pressure from an uptick in trader and investors risk appetite late this week following some U.S. inflation data that was a bit tamer than expected. Rising U.S. Treasury bond yields today […]
Gold, silver gain a bit amid slightly tamer U.S. inflation data Gold and silver prices are modestly up in midday U.S. trading Wednesday, in the wake of a U.S. inflation report that came in not as hot as the marketplace expected. Gold prices hit a four-week high and silver prices a five-week high today. October […]
Gold pops to 4-week high on friendlier charts, weaker USDX Gold prices are moderately up and hit a four-week high in midday U.S. trading Tuesday. The yellow metal was boosted by technical buying, a weaker U.S. dollar index and even by some light safe-haven demand. October gold futures were last up $9.20 at $1,803.60. September […]
Gold, silver boosted by falling USDX, U.S. bond yields, rising oil Gold and silver prices are higher, with silver sharply up and hitting a five-week high in midday U.S. trading Monday. The precious metals were boosted today by a weaker U.S. dollar index and falling U.S. Treasury bond yields, as well as a rally in […]
Heavy price pressure on gold, silver after strong U.S. jobs data Gold and silver prices are are solidly lower in early U.S. trading Friday, in the wake of a surprisingly strong U.S. employment report that may force the Federal Reserve to become even more aggressive in its monetary policy tightening. The U.S. dollar index and […]
Gold, silver see safe-haven and chart-based buying Gold and silver prices are higher in midday U.S. trading Thursday, with gold sharply up and hitting a four-week high–now within easy striking distance of $1,800.00. Safe-haven demand is featured today as China-Taiwan-U.S. tensions have escalated this week. Short covering in the futures markets and some fresh chart-based […]