Utilising MarketHive to Promote CryptoCurrency
Gold's year-end target is $2,050 and here's why 17% price surge still possible – Wells Fargo The strong U.S. dollar has been hurting gold's price, dragging the precious metal down to 8.5-month lows as it steals its safe-haven appeal. But this is not a game-changer for gold, which can still end the year above $2,000 […]
Is gold about to go mainstream? Every week Merrill Lynch publishes a Capital Market Outlook Letter. The letters provide market commentary, research and analysis, and the occasional investment idea. Merrill Lynch (together with parent Bank of America) is the third largest brokerage firm, managing over $3 Trillion in client assets. When a firm of that […]
June headline inflation to exceed 8.6%, the annual inflation rate in May Economists, analysts, and market participants are laser-focused on the Labor Department's CPI (Consumer Price Index) report for June which will be released on Wednesday, July 13. The advanced forecasts released have a common theme or consensus and that is that inflation will continue […]
Gold prices may see a short-term bounce next week, but sentiment remains depressed The gold market is seeing its worst weekly performance in two months as its 4% decline matches the same move seen in May. Mixed sentiment in the precious metal markets doesn't point to a significant recovery anytime soon, even if market analysts […]
Gold price could see '2000 flashback' as most commodities reverse in second half of 2022 – Bloomberg Intelligence Despite gold kicking off the second half of the year with a drop below $1,800 an ounce, Bloomberg Intelligence sees the precious metal moving higher versus broader commodities, which are at risk of a reversal. Crude oil […]
Has gold found a bottom or is it a momentary lull of selling pressure? For the time in the last seven trading sessions, gold closed above its daily opening price and higher than the previous day’s closing price. However, there was no strong upside move, no higher high than the previous day, and no clear […]
'Gold hasn't changed, the price of gold has changed'; What the gold price reveals about the macro-tuesday, gold shaved $50 off its market value, falling to nearly $1,760. The 2 percent fall in price reveals that the "perception of the macro environment" has changed, and that "speculators" have sold some of their holdings, suggested Axel […]
Central banks step up gold buying in May, June looks promising – WGC Central banks worldwide bought gold for the second consecutive month in May, stepping up their precious metal purchases, according to the latest data from the World Gold Council (WGC). Central banks added 35 metric tons to the global gold reserves in May […]
U.S. dollar weakens against euro, sterling in U.S. holiday trading The euro and sterling rose on Monday against the dollar in a quiet trading session amid a holiday in the U.S., while global risk sentiment has improved. With the U.S. markets closed for Independence Day, markets expected a light trading day, with major currencies gaining […]
Gold/Silver -How to trade this bloodbath The broad-based selling continued in the commodity markets this week, where "inflation worries" have shifted to "recession fears." Looking back through several trading journals of mine, I can tell you that volatility operates at its highest in a deflationary/recession-type environment. Financial conditions will continue to deteriorate until the Fed […]