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Is gold price prepping for a major move higher this week? Gold could be on the brink of another rally as it tops key resistance levels and moves towards $1,800 an ounce, according to analysts. The precious metal is wrapping up its second consecutive week of gains after a positive start to Q2 amid a […]
Gold and silver prices spike, but can rally last? Jim Wyckoff on the long-awaited bull market Momentum has shifted back in gold and silver’s favor for now, said Jim Wyckoff, senior market analyst at Kitco News. “When we last talked, the markets, both gold and silver, were in a near-term price downtrend. Remember, we talked […]
Gold and silver are flat leading into the EU open Gold and silver are both trading flat leading into the EU open this morning. Gold had a pretty impressive session yesterday rising 1.58% and pushing past the previous wave high on the daily chart. Silver also did pretty well and moved back into the middle […]
Gold and silver start the EU session higher Gold and silver have both recovered after some strength in the US session yesterday. Overnight gold is trading just above flat while silver has moved 0.57% in the black. In the rest of the commodities complex, copper is 0.10% higher and spot WTI has moved up 0.92%. […]
Gold, silver set back as chart-based sellers step in Gold and silver prices are lower in midday U.S. trading Monday, as the shorter-term futures traders are again pressing the short side of the markets to start the trading week, amid a lack of fresh, markets-moving fundamental news. June gold futures were last down $13.40 at […]
This could push gold price to $1,800 this week Gold has a chance to break above its key resistance level of $1,750 an ounce this week. Here's what investors need to watch, according to analysts. The yellow metal had a very decent start to the second quarter, with prices up around 1% on the week. […]
Gold price kicks off Q2 with gains, but can it break out? The second quarter is already looking better for gold. The precious metal was up almost $50 dollars during the first week of April as it moved past its key resistance level of $1,750. But what happens next is critical — can gold finally […]
Gold futures retrace much of this week’s gains Gold futures basis the most active June 2021 Comex contract is currently fixed at $1744.10, after closing yesterday at$1756.50, the highest price since February 26. Gold futures basis the most active June 2021 Comex contract lost $14.10 in trading today. Dollar strength was a minor component in […]
Gold futures surged higher on dollar weakness and inflation concerns Gold futures basis the most active June 2021 Comex contract is currently fixed at $1756.50 after factoring in today’s strong gains of $14.90 (+0.86%). Dollar weakness was partially responsible for today’s gains, but the majority of gains were due to market participants bidding the precious […]
Gold and silver trade higher leading into the EU open Gold and silver have moved higher in the Asia Pac session with the yellow metal trading 0.40% in the black at $1743oz. Silver has pushed 0.77% and trades at $25.31oz breaking through the $25.20/oz resistance level on the daily chart. The indices in the Asia […]
