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Russia-Ukraine conflict – $100 gold price swings and volatility warning Gold saw $100 price swings on Russia's invasion of Ukraine. In an initial reaction, gold hit the highest levels since September 2020 but could not hold the gains. After markets received some clarity around new Russia sanctions, gold dropped back below the $1,900 an ounce level. […]
Is gold price at risk of a bigger pullback after $100 swings? After the initial geopolitical shock of Russia's full-scale invasion of Ukraine, gold has retreated below the $1,900 an ounce level. But analysts are still warning of high volatility ahead for the precious metal. The gold market saw price swings of around $100 during […]
Dramatic price swings- Gold price sheds $90, silver price sees sharp reversal as analysts warn of more volatility to come High levels of volatility are making their way through financial markets following Russia's attack on Ukraine, with gold seeing $90 price swings and silver posting a sharp reversal as investors digest the new geopolitical reality. […]
Gold hits $1,930 as Russia-Ukraine conflict intensifies, bitcoin falls Gold is up sharply after recent reports that the Russia-Ukraine conflict is intensifying. Spot gold crested $1,930 an ounce Wednesday evening eastern time. Bitcoin dropped, losing over 7% for the day and currently trading under $35,000. According to reports by Reuters Russian President Vladimir Putin authorised […]
Gold encounters resistance at $1918 but remains above $1900 Gold prices oscillated between today’s low of $1889.70 and high of $1918.30. As of 4:15 PM, gold futures basis's the most active April contract is currently fixed at $1901.30 after factoring in today’s gain of $1.50 or 0.07%. This article will focus upon today’s high as […]
Gold price will power to $7,400; Rally is far from over as ‘perfect storm’ brews – Chris Vermeulen While geopolitical tensions may provide a short-lived rally in safe haven assets like gold, there is no denying that the metal is still in a long-term technical bull cycle that mirrors the beginning of 2008, said Chris […]
Gold is making its move as markets hit with geopolitical shock and recession fears Anna Golubova Saturday February 19, 2022 12:38 Kitco News Share this article: Gold is trading at the highest level in over eight months. And analysts project more gains as we head into a geopolitically uncertain long weekend. Here is a […]
What's next for gold price? Geopolitics shock markets, growth outlook at risk Don't be surprised to see some exaggerated moves in gold as the market goes into a geopolitically-tensed long weekend, analysts told Kitco News. But the outlook for gold remains bullish as the precious metal tests $1,900 an ounce. It has been chaotic trading […]
Gold riding the momentum wave to an eight-month high Geopolitical uncertainty continues to dominate market sentiment, and gold has been able to ride this new wave of fear and momentum to an eight-month high of $1,900 an ounce. Despite gold's 3% rally this week, the question remains: can the precious metal hold on to this […]
Once gold price hits $2,000, expect a 'sharp pullback' – Florian Grummes on crack-up boom, civil unrest, and Bitcoin target It's only a matter of time before double-digit inflation hits the U.S. said Florian Grummes, managing director of Midas Touch Consulting. "We are on track for that. It's just a question of time. It could […]