Utilising MarketHive to Promote CryptoCurrency
Gold, silver pressured at mid-week by higher USDX, bond yields, lower oil Gold and silver prices are lower at midday Wednesday. Rising U.S. Treasury yields, a firmer U.S. dollar index and lower crude oil prices at mid-week are squelching buying interest in the precious metals. An up-tick in trader/investor risk appetite today is also bearish […]
Gold gets slight safe-haven bid as risk aversion up-ticks Gold prices are modestly up in midday U.S. trading Tuesday and hit a nearly four-week high earlier, as some safe-haven demand is featured amid keener risk aversion in the marketplace today. October gold futures were last up $4.80 at $1,782.60. September Comex silver futures were last […]
Gold, silver see price gains on more short covering, bargain hunting Gold and silver prices are higher in early U.S. trading Monday, with gold notching a three-week high and silver a four-week high. Short covering from futures traders is featured in both metals, with cash market traders also doing some perceived bargain-basement buying after gold […]
How long the recession will last and how it will affect gold and silver With the US Economy probably shrinking for the second consecutive quarter, the United States likely is now in a recession. CPM Group's Jeffrey Christian looks at some of the previous recessions to discuss how long this one may last, CPM Group's […]
Gold prices holding above $1,750 as core PCE inflation rises 4.8% in June The gold market is holding on to solid gains has inflation pressures continue to rise more than expected. On a monthly basis, the core Personal Consumption Expenditures price index increased 0.6% last month, the U.S. Department of Commerce said on Friday. The […]
Silver surges 7.45%, gold gains 2.07%, and precious metals participants rejoice While gold and silver traders are not dancing in the streets, they are quietly rejoicing. Their assumptions, knowledge, and expectations that both gold and silver have been oversold and undervalued were greatly rewarded today. Goods and service prices continue to become more costly and […]
Gold stages a relief rally after the Fed announces a 3/4% rate hike As anticipated the Federal Reserve concluded the July FOMC meeting with an announcement that they will raise rates by 75 basis points or 3/4%. While this was overwhelmingly expected as opposed to a larger 1% rate hike, there were subtle changes in […]
Gold prices remain under pressure as U.S. consumer confidence falls to 95.7 Gold prices are struggling to push into positive territory as pessimism grows among U.S. consumers, further raising fears of a potential recession. American consumer confidence index fell to 95.7 down from June's reading of 98.7, the U.S. Conference Board reported Tuesday. Economists were […]
Gold prices start the week down despite weak USD, silver prices down 2% Gold investors appear hesitant to jump into the precious metal even as the U.S. dollar starts the week on a soft note. According to some analysts, the Federal Reserve's impending monetary policy decision this week has pushed many investors and traders to […]
Gold/platinum/silver – Is the bottom in? Every bear market ends, and a bull market begins with a short covering rally. Whether you use fundamental or technical analysis, the end result is the same with a change of direction. Since the March peak, Platinum has been trending lower for four months and is finally showing signs […]