Gold price could ‘easily’ regain 2k next week as more debt ceiling troubles ahead – analysts

Gold price could 'easily' regain $2k next week as more debt ceiling troubles ahead – analysts Even though gold is wrapping up the week down $30 — its worst performance since February — the Friday afternoon rebound keeps the bullish gold trend alive. The gold market recovered after Federal Reserve Chair Jerome Powell said rates […]

Gold rallies to daily high on short covering Powell remarks

Gold rallies to daily high on short covering, Powell remarks Gold prices have pushed to double-digit gains in late-morning trading Friday. Short covering by the shorter-term futures traders, after the recent solid price losses, is featured. Also, the yellow metal rallied as Federal Reserve Chairman Jerome Powell said in a panel discussion that developments in […]

Gold silver prices down on demand worries bearish outside markets

Gold, silver prices down on demand worries, bearish outside markets Gold and silver prices are solidly lower near midday Tuesday. Weaker economic data coming out of China has prompted increased concerns about consumer and commercial demand for precious metals. Meantime, bearish outside market forces on this day are working against the metals markets—firmer U.S. dollar […]

Biden and McCarthy locked in disagreement postponing negotiations

Biden and McCarthy locked in disagreement postponing negotiations The Washington standoff over raising the debt ceiling has raised economic concerns on a global basis. A nonpartisan congressional report cited a "significant risk” of a historic default within the first two weeks of June. A report by the U.S. Congressional Budget Office confirmed statements by Treasury […]