Utilising MarketHive to Promote CryptoCurrency
Gold, silver bulls fading and need a fresh spark Gold and silver prices are modestly weaker in midday U.S. trading Wednesday, on some more downside corrective action after recent gains. Bulls are fading and need a fresh fundamental element to boost them and to keep alive the near-term price uptrends in the two precious metals […]
Gold, silver succumb to big drop in crude oil, rise in bond yields Gold and silver prices are a sharply lower in midday U.S. trading Tuesday, on a big downside price corrections after both metals hit five-week highs on Monday. Solid losses in the crude oil market and rising U.S. Treasury yields on this day […]
Gold breaks the key level of $2,000 in its first unsuccessful attempt The combination of exceedingly high inflation and the geopolitical crisis in Ukraine were strong enough forces to run gold prices back above $2000. The focus of my articles throughout last week dealt with how the Federal Reserve and global central banks were faced […]
Volatility to dominate gold market as 'central banks running out of options,' bullish sentiment intact – Kitco's gold price survey Despite a $20 retreat prior to the long weekend, the bullish sentiment continues to dominate the gold market with volatility keeping investors watching the $2,000 an ounce level again, according to Kitco's gold price survey. […]
The gold/silver ratio moves back into familiar territory The gold/silver ratio has moved back into familiar territory. The price has moved back into a wedge-type formation on the daily chart below. The trendlines have acted as clear support and resistance levels with both being tested and respected around three times each. More recently the price […]
U.S. dollar is gold's main obstacle in breaching $2k – analysts Gold tested a critical level this week on its way to $2,000, but one of its main obstacles remains a strong U.S. dollar, according to analysts. Despite a selloff during the week's last trading day, gold is still up 1.5%, with June Comex gold […]
Global inflation concerns result in aggressive action by central banks Inflation is not limited to the United States. It is a global phenomenon prompting central banks worldwide to take action. Central banks worldwide are quickly moving to a more aggressive monetary policy in an attempt to stave off the spiraling international level of inflation. The […]
Gold moves higher as inflation and Ukraine fears dwarf concerns over hawkish Fed Market participants continue to be extremely focused on the spiralling level of inflation and war in Ukraine more than their apprehensions about future actions by the Federal Reserve to aggressively raise interest rates this year. Yesterday's release of the CPI for March […]
Inflation spirals to 8.5%, no surprise according to the Federal Reserve Bank of Cleveland Today the BLS (Bureau of Labor Statistics) released its CPI inflation report for March 2022. The report showed that inflation had risen to 8.5% when compared to the inflation level in March 2021. When compared to month-over-month levels, inflation rose 0.6% […]
What effect has Ukraine, inflation, and the Fed had on gold prices? Gold prices have been affected by three primary factors, inflation, the war in Ukraine, and lastly, statements and actions by the Federal Reserve. Overwhelmingly, market participants are focused on the effects of spiraling inflation levels and the war on Ukraine providing bullish market […]