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Gold is trading marginally higher at the European open Gold is trading marginally higher leading into the European open on Tuesday. Silver on the other hand is trading just under flat at $25.88/oz after finding some support at $25.55/oz. In the rest of the commodities complex, copper trades 0.23% higher and spot WTI trades 0.25% […]
Gold's shocking fall: Is the bull market over? Gold shed nearly $100 in just 24 hours this week, with the precious metal dropping 5% on Thursday. The trigger was the Federal Reserve's interest rate announcement. A surprisingly hawkish stance led to some chaotic trading and gold dropped below the $1,800 an ounce. Here is a […]
Gold is in a bearish correction or trend 6/18/21 On a higher timeframe basis: I cautioned on 8/16/18 the break above $1,179.7-$1,183.7 warned of renewed strength. We have seen $905.5 of this. This is ON HOLD. We held major exhaustion at $2,071.6-93.2 with a $2,089.2 high and rolled over $412.8 into the macro bearish correction […]
Gold and silver move higher ahead of the European open Gold and silver have moved higher leading into the European session despite more bearishness on Thursday. Gold is now trading at $1785/oz while silver has moved to $26.17/oz. One of the big stories from yesterday's session was the drop in palladium. The precious metal moved […]
Gold and silver trader higher leading in to the European session despite suffering heavy losses post FOMC Gold is trading 0.41% higher after losing ground following the FOMC event last night. Silver is also positive and has moved 0.46% higher and trades above the $27/oz psychological level. In the rest of the commodities markets, copper […]
Gold and silver trade higher leading into the European open Gold and silver are trading marginally higher as we lead into the European session this morning. The yellow metal is trading at $1860/oz while silver has moved to reach $27.73/oz. In the rest of the commodities complex, copper trades -0.34% lower after a dismal session […]
Inflation is a double-edged sword for gold Beginning tomorrow, the Federal Reserve will begin its FOMC meeting for June, which will conclude on Wednesday. Following the conclusion, the Federal Reserve will release a statement, which a press conference will follow by Chairman Jerome Powell. One of the most important topics that market participants will focus […]
Gold price stuck at a 'speed bump' on its path to $2,000 – analysts Gold failed to hold the $1,900 an ounce level as it wrapped up the week. And prices are said to remain choppy until the $1,950 an ounce level is reached, where the new buyers would come in to take gold to […]
Gold's path to $2K: Biggest market risk is 'invisible wealth destruction' Gold's $1,900 an ounce level remains a high hurdle to breach, but analysts still expect more gains for the yellow metal this summer. With U.S. inflation now running at an annual pace of 5%, the attention is turning to the Federal Reserve meeting next […]
Gold Price Prediction – Prices Drop to Support as the Dollar Surges Gold prices dropped sharply on Friday as the dollar surged higher. The move in the dollar came despite a further decline in U.S. yields. The 10-year Treasury yield closed at the lowest level in 4-months declining down to 1.45%, after hitting a high […]
