Utilising MarketHive to Promote CryptoCurrency
Gold recovers as worldwide equites selloff Gold truly acted as a safe haven asset today. Equities worldwide incurred a tremendously deep selloff as concerns about the Chinese property group Evergrande’s solvency. The worldwide equity selloff began overseas and then continued into the U.S. equities markets. At its low today the Dow Jones industrial average was […]
Bears in control: Gold is in 'no man's land' It was not a good week for gold. Prices hit four-week lows, and markets are now anticipating a far less dovish Federal Reserve at next week's monetary policy meeting. Here's a look at Kitco's top three stories of the week: 3. Gold price is in 'no […]
'Bears are in control' of gold price: will next week's Fed announcement be a shocker? After falling $40 this week, gold bears are in control of the market with all eyes on what could be a hawkish Federal Reserve meeting next week, according to analysts. Gold dropped to four-week lows on Thursday, falling from above […]
Gold struggles as concerns about upcoming FOMC meeting mount This has been an extremely difficult week for gold losing approximately $36. Gold futures basis the most active December 2021 contract opened on Monday at $1790 and is currently fixed at $1753.90. Today gold continued its decline, although only fractionally, declining $2.80 on the day. Yesterday’s […]
Price pressure on gold, silver, as charts turn more Bearish Gold and silver prices are solidly lower in early U.S. trading Thursday. Gold prices hit a four-week low and silver a three-week low. The near-term chart postures for both metals have deteriorated this week, which is inviting the shorter-term futures traders to play the short […]
Gold fails to hold the key psychological level of $1,800 After yesterday's moderate upside move taking gold above $1,800, technical selling pressure resulted in gold breaking back below $1,800. Yesterday the Bureau of Labor Statistics released its inflationary report for August, indicating that the CPI (Consumer Price Index) increased by 0.3% last month. August’s rise […]
Is it time to buy gold? WGC says September has high confidence level The World Gold Council (WGC) rarely comments on when it is best to buy or sell gold, but its recent report highlighted September as one of the most opportune times to purchase the precious metal. “September has been one of the strongest […]
Is gold dead? Bitcoin price to hit levels we 'cannot imagine'- Ronald-Peter Stoeferle Global financial markets have reached a "monetary tipping point", according to Ronald-Peter Stoeferle, managing partner of Incrementum AG. After this tipping point, inflation will continue to climb up, real interest rates will remain in negative or near-zero percent territory, and monetary policy […]
Rally or selloff next week? Gold price is waiting for a catalyst and this could be it – analysts Gold has once again failed to break above the $1,800 an ounce level, but one looming driver can take the precious metal out of its trading range, according to analysts. Many experts in the space are […]
The gold price is not going anywhere anytime soon Stuck in a narrowing trend, gold prices are not expected to go anywhere soon as sentiment has turned decidedly neutral among Wall Street analysts with lackluster interest from retail investors, according to the latest results of the Kitco News Gold Survey. Since mid-July, gold prices have […]