Utilising MarketHive to Promote CryptoCurrency
The Federal Reserve will hold its 11th FOMC meeting since they began rate-hikes The Federal Reserve will begin its Federal Open Market Committee (FOMC) meeting exactly one week from today on Tuesday, June 13th. On the morning of the 13th, the government will release its latest report on inflationary pressures vis-à-vis the CPI (Consumer Price […]
Gold gains as USDX slips, crude oil rallies Gold prices are modestly up and silver a bit weaker in midday U.S. trading Monday. Both markets pushed well off their early session lows when the U.S. dollar index lost its good early gains and as crude oil prices rallied. August gold was last up $6.00 at […]
Central banks' gold holdings drop for the first time in over a year in April, says World Gold Council Global central bank gold holdings fell for the first time in more than a year in April, as Turkey sold over 80 tonnes of gold, the World Gold Council (WGC) said in a report. Total central […]
Gold, silver gain on ideas FOMC will pause at next meeting Gold and silver prices are solidly higher in midday U.S. trading Thursday, amid a big U.S. economic data dump that culminates with Friday morning's U.S. jobs report. The precious metals are boosted today by ideas the Federal Reserve may pause in its interest-rate-hiking cycle. […]
Gold posts first loss in three months, but markets focus on Fed's 'hawkish pause' The gold market posted its first monthly loss since February, wrapping May down about $36. As markets eye the crucial Congress vote to lift the debt ceiling, some Federal Reserve speakers are pushing for a "hawkish pause" at the June 13-14 […]
Gold gains as USDX weakens, U.S. bond yields dip Gold prices are solidly higher in midday U.S. trading Tuesday, supported by a weaker U.S. dollar index and a downtick in U.S. Treasury yields to start the U.S. trading week. The yellow metal hit a nine-week low overnight. Short covering in the futures market and some […]
Hold gold, but hope it doesn't go up – Dominic Frisby The key argument for gold is insurance, said Dominic Frisby, author of FlyingFrisby.com. On May 6, 2023, Frisby spoke to Kitco at Deutsche Goldmesse in Frankfurt, Germany. Frisby gave the rationale for gold. "I'm a big believer in the maximum of putting five or […]
U.S. economic data hammers gold price as markets gear up for a rate hike in June The gold market got battered by upbeat economic data and stubbornly high inflation. As gold posted its third weekly loss, markets recalibrated for another 25-basis-point rate hike in June after pause expectations got shattered. Gold is looking to close […]
Gold/Silver: A breakdown in two-year treasury yields triggers the next bull market I wish everyone a Happy Memorial Day weekend and thank all of you for the positive feedback over the years, and it is an absolute pleasure to write for you all. Digging into the precious metals markets, we have been under pressure for […]
Gold trades below its 100-day MA as hope of a potential debt-ceiling resolution advances Gold futures basis the most active June 2023 Comex contract traded briefly below the 100-day simple moving average at $1939.50. Gold futures traded to a low of $1939 just $0.50 below its 100-day moving average which technical traders use as a […]
