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Gold price loses gains as Fed minutes signal faster rate hikes, balance sheet reduction he price of gold edged down after the release of the December Federal Reserve meeting minutes signaled a possibility of earlier and faster rate hikes. Federal Reserve officials noted that a tight labor market and high inflation in the U.S. might […]
Gold finds support at $1798 and moves higher as Omicron variant surges A tremendous spike of Covid-19 infections in the United States has broken previous records with 1 million new infections on Monday, according to the John's Hopkins University of Medicine. According to the CDC, the new variant "omicron" represents 95% of all new cases […]
The first trading day of 2022 results in strong declines in both gold and silver The first trading day contained strong bullish market sentiment for U.S. equities and dollar strength. The dollar gained 0.632 points or a percentage gain of 0.66%. Concurrently U.S. equities all traded to higher ground, with all three major indices closing […]
Retail Investor see gold hitting record highs above $2,000 in 2022 Retail investors remain significantly bullish on gold prices next year as the precious metal looks to end 2021 with nearly a 4% loss. Gold prices have seen a solid push higher, moving above $1,800 an ounce on the last trading day of 2021. Spot […]
What does 2022 hold for Gold, Silver and Platinum? Today ends 2021; the year in metals was not pretty. Gold, silver and platinum all closed lower from where they opened the year. None of them could seem to get a consistent trend. Silver had one of its tightest trading ranges in years. As we look […]
Gold Investors need to look beyond rate hikes in 2022 – State Street Global Advisors After a disappointing year, gold prices are ringing in 2022 on a solid note, trading at a five-week high. According to one precious metals analyst, gold should be on pace to resume its long-term bullish uptrend in the new year. […]
J.P.Morgan sees gold price unable to withstand the Fed; falling to pre-pandemic levels in 2022 The gold market will not be able to withstand the Federal Reserve's plan to tighten its monetary policy in 2022, according to commodity analysts at J.P. Morgan Global Research. In its recently published 2022 outlook report, the bank expects gold […]
Gold price pushing higher following 2.2% drop in U.S. pending home sales The gold market is holding above its session lows and attracting some new bullish momentum even as U.S. consumers start the process of buying a home. U.S. pending home sales index dropped 2.25 to 122.4 in November, the National Association of Realtors (NAR) […]
Gold, silver slightly up as near-term chart postures improving Gold and silver prices are a bit higher near midday Tuesday, with gold notching a five-week high and silver a four-week high in the early going. The two precious metals markets are seeing the bullish traders working on near-term price uptrends for both. Sharp gains in […]
Gold trades both sides of unchanged in quieter session Gold prices are near steady in subdued midday U.S. trading Monday. Gains are being squelched by less risk aversion in the marketplace recently, while sellers of the precious metals are tepid amid rising inflation worries. February gold was last down $1.00 at $1,810.60 and March Comex […]