Utilising MarketHive to Promote CryptoCurrency
Gold, silver gain on more downbeat U.S. economic data Gold prices are higher in midday U.S. trading Wednesday and notched a three-week high, in the aftermath of another batch of U.S. economic data than came in a bit weaker than market expectations. Silver is trading near unchanged but hit a four-week high early on today. […]
Gold, silver rally on downbeat U.S. economic data Gold and silver prices are higher in midday U.S. trading Tuesday, with gold hitting a three-week high and silver a four-week peak. A much weaker-than-expected U.S. jobs turnover report (JOLTS) and a much lower-than-expected consumer confidence index report prompted fresh buying interest in the precious metals. The […]
Gold rallies on short covering, perceived value buying Gold prices are posting decent gains and silver prices are slightly up in midday U.S. trading Monday. Short covering by the futures traders is featured in gold, along with some perceived bargain hunting. The silver market is seeing some technical buying amid friendly near-term charts. December gold […]
Gold prices treading water as Powell provides little guidance on monetary policy during Jackson Hole speech The gold market continues to tread water below $1,950 an ounce as it finds little direction from the latest comments from Federal Reserve Chair Jerome Powell. Friday, Powell provided little new information on the central bank's monetary policy, saying […]
Gold needs weak economic data as a catalyst to push prices higher next week The gold market maintains its resilience in the face of significant headwinds; however, precious metals are in desperate need of a catalyst to push prices out of their current downtrend, according to some analysts. After four weeks of losses, gold is […]
Powell leans hawkish, as expected; markets show no significant reactions The highly anticipated speech by Federal Reserve Chairman Jerome Powel at the annual Jackson Hole, Wyoming Fed symposium has so far had no major impact on the marketplace. Powell struck a hawkish tone on U.S. monetary policy, saying the inflation fight is not finished and […]
Gold, silver steady-weaker as Powell Jackson Hole speech awaited Gold and silver prices are steady to slightly lower in quieter midday U.S. trading Thursday, as traders are awaiting the marketplace event of the week, if not the month: the annual Federal Reserve symposium held in Jackson Hole, Wyoming. The meeting gets under way Thursday evening. […]
Solid gains for gold, silver as Jackson Hole looms Gold and silver prices are solidly up in midday U.S. trading Wednesday, boosted by a weaker U.S. dollar index and a dip in U.S. Treasury yields at mid-week. More short covering by the futures traders and perceived bargain hunting are featured in the two precious metals. […]
Gold, silver modestly up on short covering by futures traders Gold and silver prices are a bit firmer in quieter midday U.S. trading Tuesday. Tepid short covering and some perceived light bargain hunting are featured in the two precious metals, after both recently hit five-month lows. December gold was last up $4.00 at $1,926.90 and […]
Gold slightly up as marketplace looks forward to Jackson Hole Gold prices are slightly up and silver prices are solidly up in midday U.S. trading Monday, with gold poking to another five-month low in overnight trading. Short covering, corrective rebounds are featured in the two precious metals. However, rising U.S. Treasury yields to start the […]
