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Gold and silver caught in prolonged consolidation but prices will head higher – Saxo Bank Although gold and silver are stuck in neutral at elevated levels, one market analyst remains a long-term bull on precious metals. le Hansen, Head of Commodity Strategy at Saxo Bank, published a report Tuesday saying investors and traders are just […]
Gold, silver lower on bearish daily outside markets Gold, silver lower on bearish daily outside markets teaser image Gold and silver prices are lower, with gold solidly down, in midday U.S. trading Monday. There is a lack of major, fresh fundamental news to drive the metals markets to start the trading week, so gold and […]
Gold looks good again this week as both Wall Street and Main Street turn bullish After last week's price action was dominated by Friday’s news from China and the employment report, precious metals markets were squarely focused on inflation data and the Federal Reserve’s interest rate path this week. After kicking off the week trading […]
Gold Price News: Gold Holds Steady, But Fragile Gold heads into Friday a little stronger but also little changed from the week’s open. It appears to have consolidated around the critical $2,312/oz level following the previous week’s decline. However, we note that some technicals have deteriorated, with the 50-day simple moving average now becoming a […]
Gold Price News: Gold Ticks Higher Ahead of US Inflation Figures Market Analysis Gold prices edged higher on Tuesday, posting modest day-on-day gains, as the markets looked ahead to the release of macroeconomic data on Wednesday for renewed direction. Prices rose as high as $2,320 an ounce on Tuesday, compared with around $2,310 an ounce […]
People are coming to the view that rates are less likely to go down to their pre-pandemic levels,’ Fed Chair Powell tells reporters Federal Reserve Chair Jerome Powell used his post-FOMC press conference to try to reassure markets that even though the central bank’s latest data showed inflation projections rising and the number of expected […]
Great reset & financial world war coming: This is global elite's plan to come out on top – Carol Roth The world is on the brink of a financial reset, with the global elite planning to come out on top, according to Carol Roth, New York Times bestselling author of 'You Will Own Nothing,' who […]
Fed in focus: Asset prices on hold as investors await rate decision and inflation data Cryptocurrency prices trended lower to start the week as investor attention is focused on the Federal Reserve and its upcoming decision on interest rates and May's Consumer Price Index (CPI) inflation reading, both of which are due on Wednesday. Stocks […]
Wall Street throws in the towel on gold after Friday’s rout, Main Street optimism likely a pre-selloff snapshot This week, precious metals markets saved all their drama for the grand finale. Spot gold opened the week trading at $2,325.26, and spent much of the first four days trading in a relatively narrow $25 range. The […]
Gold Price News: Gold Climbs to Two-Week High Above $2,370 An Ounce Gold prices rose for a second day on Thursday to reach their highest since May 23, taking support from data showing a higher-than-expected rise in US jobless figures. Gold climbed as high as $2,378 an ounce on Thursday, and prices were quoted at […]