Utilising MarketHive to Promote CryptoCurrency
Gold's not afraid of the Fed or seven rate hikes The humanitarian crisis caused by Russia's invasion of Ukraine continues to build. According to the United Nations 816 civilians have been killed and 1,333 more have been wounded in the fighting. It looks like, the war is not going to end anytime soon and people […]
Commodity chaos triggers double-digit gains for gold price as war in Ukraine enters fourth week Precious metals are back at the top of the leader board, posting double-digit gains as the volatile commodity space keeps investors looking at gold, palladium, silver, and platinum. On Thursday, the commodity space surged as oil prices rose on fears […]
Gold price down but not out as Federal Reserve starts tightening cycle and lowers 2022 growth forecast and raises inflation expectations The gold market remains under selling pressure but has pushed off its session lows as the Federal Reserve starts a new tightening cycle even as it lowers its growth forecasts and raises its inflation […]
Gold, silver in price downdrafts amid plunging oil, deteriorating charts Gold and silver prices are sharply lower in midday U.S. trading Tuesday. A huge drop in crude oil prices that sees Nymex futures trading back below $100 a barrel is bearish for the metals markets and the entire raw commodity sector. The near-term technical postures […]
Gold trades under pressure but currently holding the 38.2% retracement as support As of 3:30 PM, EST gold is trading off by $29.20, or 1.46%, with the April 2022 Comex contract currently fixed at $1956.00. On a technical basis, today’s low of $1952 is just below the 38.2% Fibonacci retracement, which is currently at $1953.80. […]
Gold, oil open lower On Sunday open spot gold dropped $20 hitting $1,970 a ounce. Oil was down, too, with Brent crude off 0.87% to $111.7 a barrel. April gold futures last traded at $1,979.3 an ounce, down 0.29%. Hong Kong's Hang Seng index opened lower, down 1.61% on Monday local time. Major action in […]
What's next for gold price after making a run for record highs? Fed, Ukraine updates on deck The Federal Reserve's interest rate decision and developments in Ukraine will dominate gold's price direction next week after the precious metal made a run for record highs. Gold rallied on its safe-haven appeal this week as sanctions against […]
Gold corrects after unsuccessfully challenging its record high On Tuesday, March 8, gold traded to an intraday high of $2078, roughly $10 below the all-time high of $2088, which was achieved in August 2020. The current decline in gold is the first real price decline since January when gold hit a low of approximately $1780. […]
Gold, silver up on safe-haven buying as U.S. equities sell off Gold and silver prices are are higher in midday U.S. trading Thursday, on more safe-haven demand amid risk aversion that is still keen in the marketplace. Global stock markets and the U.S. stock indexes are still on shaky ground amid the biggest geopolitical crisis […]
Is the long-term upside move in gold over? Today was an absolute game-changer. Given that the recent ascent in gold to just under the record high of $2088 was absolutely news and headline-driven, changes in those headlines will have a dramatic and profound impact on the direction and price gains or losses in gold. The […]