Utilising MarketHive to Promote CryptoCurrency
Gold declines by over $27 as hope diminishes of a rate cut this year Gold spot and futures both declined by over 1% today as traders reacted to dollar strength and stronger yields on U.S. Treasuries. But that explanation lacks the complete backdrop to the multiple reasons why gold is trading under pressure today. Market […]
Gold, silver gain on chart-based buying Gold and silver prices are higher in midday U.S. trading Monday. Amid a lack of fresh fundamental news to drive market prices, the precious metals traders are focusing on the improved near-term chart postures in gold and silver and doing some technically based buying. December gold was last up […]
Gold investors will be watching U.S. data like a hawk this week, anticipating a weakening trend Gold market will be hungry for information that will help provide some clarity to the Federal Reserve's open-ended monetary policy stance with disappointing economic data supporting higher prices. While analysts are not expecting a major breakout in gold in […]
Gold prices push back above $1,950 as U.S. PCE inflation continues to cool rising 0.2% in June Gold prices have pushed back above the critical psychologically important $1,950 level as U.S. inflation drops in line with expectations. Friday, the U.S. Department of Commerce said its core Personal Consumption Expenditures price index increased 0.2% last month, […]
Gold, silver slump after strong U.S. data rallies greenback Gold prices are solidly lower and hit a two-week low in midday U.S. trading Thursday. Silver is down sharply, too. Modest overnight gains in both metals were erased after the release of upbeat U.S. economic data this morning that beat market expectations. August gold was last […]
Gold shows little reaction to widely expected 0.25% Fed rate hike Gold prices are moderately higher in afternoon U.S. trading Wednesday and have shown little initial reaction to the U.S. central bank raising its main interest rate by a small amount, which was fully expected by the marketplace. August gold was last up $8.70 at […]
Last week gold jumped close to the psychological threshold of $2,000 before slowing down on Thursday and Friday, while the US dollar showed recovery signals. Despite this time, the price of bullion remained above $1,950. Overall, the trend for the gold price still appears positive. Investors are, once again, in a wait-and-see mode. Indeed, we […]
Gold, silver weaker as USDX continues its rebound Gold and silver prices are moderately lower in midday U.S. trading Monday, pressured by the U.S. dollar index continuing its recovery after hitting a 15-month low last week. Focus of the marketplace is on a key central bank decision at mid-week. August gold was last down $4.50 […]
It was a disappointing week for gold prices this past week. Sure, the precious metal just barely pulled off a gain of +0.3%. However, XAU/USD reversed most of its upside progress in what could have been a 1.8% rally. Let us take a closer look at the price action. On the daily chart below, gold […]
Eyes on the Fed, the ECB, and the BOJ Next week, markets will be digesting the Federal Reserve, the European Central Bank, and the Bank of Japan's monetary policy statements. There was a lot of optimism this week that the Fed was close to being done with its tightening cycle despite Powell's promises of at […]
