Utilising MarketHive to Promote CryptoCurrency
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 […]
Mixed sentiment highlights difficult environment for gold as bond yields remain elevated Rising bond yields as the Federal Reserve looks likely to maintain its aggressive rate hikes are creating a challenging environment for gold Gold prices, and the mixed sentiment in the marketplace does not point to significantly higher prices anytime soon. The latest Kitco […]
A dovish Powell could provide some relief next week for gold prices stuck at five-month lows Growing worries that the Federal Reserve, in its bid to fight inflation, will keep interest rates aggressively elevated longer than expected is taking a significant toll on gold as prices end the week near a five-month low. While there […]
Gold closes higher to end nine consecutive daily declines and lower lows Gold futures had declined for the last nine consecutive days taking prices dramatically lower from just under $1980 per ounce to yesterday’s low of $1914. Today gold futures basis the most active December contract is trading fractionally higher up $3.40 and currently fixed […]
Gold weaker as U.S. Treasury yields continue to climb Gold prices are modestly down and hit another five-month low today, as U.S. Treasury yields are on the rise, with the 10-year note scoring its highest yield in 15 years, at around 4.3%. The present rally in the U.S. dollar index is another bearish element that […]
Federal Reserve minutes reveal angst regarding ‘Upside Inflation Risks’ The minutes from the July FOMC meeting were released today. The document indicated that most Federal Reserve officials still believe that high levels of inflation are an ongoing threat and merit additional interest rate hikes. However, there was not an overall unison regarding the path forward […]
Gold continues to trade lower following a strong U.S. retail sales report One could expect that the latest government report on retail sales revealing that they increased by 0.7% in July would garner a positive reaction in U.S. equities. However, it had the exact opposite effect taking all three major indices lower. This is because […]
Gold decline continues after last week’s strong weekly price drop Prices of both spot and futures gold declined between 0.30% and 0.40% today, a direct correlation to dollar strength and higher U.S. Treasury yields. The dollar gained 0.35% in trading today taking the index to 103.05. After last week’s dramatic decline in gold, the first […]
Gold futures remain in uptrend with an expected Fed pause The gold market did not see much of a reaction after CPI inflation cooled slightly more than expected on Thursday, followed by a mildly hotter-than-expected PPI inflation report this morning. U.S. CPI annual inflation rose 3.2%, up from 3% in June, while PPI inflation for […]
