Utilising MarketHive to Promote CryptoCurrency
Gold price could drop through the summer but will end the year around $2,500 – Capitalight’s Chantelle Schieven The gold market is seeing solid selling pressure after failing to hold its ground at $2,400 an ounce. Although the market has room to fall lower during the summer, one market analyst says that the precious metal […]
Gold has a new buyer – Lobo Tiggre Gold has a new buyer – Lobo Tiggre Gold's recent surge has been largely attributed to geopolitical tensions and economic uncertainties, but Lobo Tiggre, analyst and the Editor of the Independent Speculator says these are not the primary catalysts behind the rally. In a recent interview with […]
Main Street sows seeds of doubt for gold gains, but Wall Street believes conflict will continue to propel prices Gold prices followed a now-familiar pattern this week, trading in an elevated range until geopolitics shocked the market to highs, followed by retracement to a higher floor. Spot gold opened the week trading at $2,367 per […]
Gold shines amid geopolitical tensions and economic uncertainty Gold, the precious metal long revered as a safe-haven asset, experienced a respectable price increase on Friday, fueled by a confluence of geopolitical tensions and economic uncertainties. As of 5:25 PM EDT, gold futures based on the most active June 2024 contract settled at $2,413.80, after factoring […]
Gold Surges Despite Economic Strength and Hawkish Fed As of 5:30 PM EDT, gold futures for the most active April 2024 contract were fixed at $2,394.40, up $17.80 or 0.75%. Spot gold also rallied, currently trading at $2,378.76 after gaining $17.69 or 0.75% on the day. The precious metal managed to overcome headwinds from a […]
Gold pauses as marketplace remains pensive Gold prices are modestly lower and have traded both sides of unchanged, while silver prices are higher in U.S. trading Wednesday. Both markets are in a pause mode as tentative traders and investors ponder the next development in the volatile Middle East. June gold was last down $6.50 at […]
Gold price action driven by conflicting cyclical and structural forces, traditional metrics aren’t working – Analysts As gold prices continue to hit record highs, experts at leading banks are updating their forecasts for the precious metal even as they try to determine where the price action is likely to head. Francisco Blanch, Head of Commodities […]
ECB-Fed divergence and political upheaval could roil currencies and boost gold, analysts warn The European Central Bank (ECB) will issue its interest rate decision on Thursday morning, and while markets are not predicting any change to the rate at the April meeting, expectations are ramping up for them to kick off the cutting cycle soon. […]
Gold, silver firmer as bull-market runs remain strong Gold prices are higher and hit another record high overnight, with June Comex gold reaching $2,384.50. Silver prices are slightly up and hit a nearly three-year high overnight, at $28.44 basis May Comex futures. More and more traders of all markets are climbing aboard the bullish gold […]
The gold price is up nearly 19% in this rally, but you haven’t seen anything yet – abrdn’s Robert Minter Although Western investors continue to ignore gold even as prices continue to hit record highs, they are no longer actively getting in the way of higher prices, which means the current rally has legs to […]
