Utilising MarketHive to Promote CryptoCurrency
Headline inflation is expected to rise, and technical selling moves gold lower Market participants are waiting for the CPI (Consumer Price Index) report which will be released tomorrow. According to economists polled by the Wall Street Journal, the report will reveal that headline inflation increased by 0.6% last month. If their predictions are correct this […]
Gold, silver firmer ahead of key U.S. inflation report Gold and silver prices are modestly up in quieter midday U.S. trading Monday. A solidly lower U.S. dollar index is a supportive outside market element for the metals on this day. Short covering in the gold and silver futures markets is also featured ahead of a […]
Dollar strength wanes, gold pops to $1954 but quickly retreats from high Gold futures opened at $1943.80 then rose to $1954 in one hour beginning at 9 o'clock EDT. This rise was not sustainable with gold giving back those gains and trading to a low of $1940 before slightly recovering. As of 5 PM EDT […]
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 price firmer in quieter trading; U.S. CPI next focal point Gold prices are firmer and silver prices near steady in more quiet early U.S. trading Friday. More mild short covering is featured in gold futures, along with some perceived bargain hunting following recent losses. December gold was last up $4.80 at $1,947.30 and December […]
Gold prices under pressure as U.S. weekly jobless claims fall more than expected by 13K The gold market is seeing some renewed selling pressure as the U.S. labor market remains fairly robust with the number of American workers applying for first-time unemployment claims dropped more than expected last week. Thursday, the U.S. Labor Department said […]
The gold market could hit $2,600 as U.S. dollar index falls below 104 – DeCarley Trading's Carley Garner The U.S. dollar continues to dominate the gold market; however, momentum in the greenback could be running out of steam as the Federal Reserve is unlikely to continue to maintain its aggressive monetary policy stance through year-end, […]
Gold, silver down as USDX rallies, U.S. Treasury yields up-tick Gold and silver prices are solidly lower in midday U.S. trading Tuesday, as a strong U.S. dollar index and rising U.S. Treasury yields have the metals market sellers in charge on this day. December gold was last down $14.00 at $1,953.10 and December silver was […]
Gold, silver correcting – buy the Labor Day dip? As I write on this Labor Day Monday, silver is now 4% off last week's $25 high, with the price back at $24 right now, as gold is 0.5% off its $1950 high of last week, currently trading at $1940. The Daily gold chart: If you […]
Both analysts and retail investors see higher gold prices next week Gold climbed higher this week, with prices rising over 1.25% as Friday's nonfarm payrolls report showed an increase in the unemployment rate and the ISM Manufacturing Index indicated continued weakness in U.S. industry. The latest Kitco News Weekly Gold Survey shows that over two-thirds of […]
