Utilising MarketHive to Promote CryptoCurrency
Gold is stuck in neutral and remains at the mercy of the US dollar and bond yields next week The gold market appears to have hit solid resistance heading into the weekend, and Friday's price action could set the tone for what is expected to be a relatively quiet shortened trading week, according to analysts. […]
The second week of gains in gold futures confirms a piercing line Gold futures had a respectable gain this week opening on Monday at approximately $1944, and today closing at approximately $1966. The weekly trading activity resulted in a gain of approximately $22. But most significant is that this week’s price gain follows the prior […]
Gold, silver weaker as USDX rallies Gold and silver prices are modestly lower in midday U.S. trading Thursday, on downside corrections following this week’s gains and amid a solid rally in the U.S. dollar index today. December gold was last down $4.60 at $1,968.50 and December silver was down $0.254 at $24.855. The U.S. data […]
Gold, silver gain on more downbeat U.S. economic data Gold prices are higher in midday U.S. trading Wednesday and notched a three-week high, in the aftermath of another batch of U.S. economic data than came in a bit weaker than market expectations. Silver is trading near unchanged but hit a four-week high early on today. […]
Gold, silver rally on downbeat U.S. economic data Gold and silver prices are higher in midday U.S. trading Tuesday, with gold hitting a three-week high and silver a four-week peak. A much weaker-than-expected U.S. jobs turnover report (JOLTS) and a much lower-than-expected consumer confidence index report prompted fresh buying interest in the precious metals. The […]
Gold rallies on short covering, perceived value buying Gold prices are posting decent gains and silver prices are slightly up in midday U.S. trading Monday. Short covering by the futures traders is featured in gold, along with some perceived bargain hunting. The silver market is seeing some technical buying amid friendly near-term charts. December gold […]
Gold prices treading water as Powell provides little guidance on monetary policy during Jackson Hole speech The gold market continues to tread water below $1,950 an ounce as it finds little direction from the latest comments from Federal Reserve Chair Jerome Powell. Friday, Powell provided little new information on the central bank's monetary policy, saying […]
Gold needs weak economic data as a catalyst to push prices higher next week The gold market maintains its resilience in the face of significant headwinds; however, precious metals are in desperate need of a catalyst to push prices out of their current downtrend, according to some analysts. After four weeks of losses, gold is […]
Powell leans hawkish, as expected; markets show no significant reactions The highly anticipated speech by Federal Reserve Chairman Jerome Powel at the annual Jackson Hole, Wyoming Fed symposium has so far had no major impact on the marketplace. Powell struck a hawkish tone on U.S. monetary policy, saying the inflation fight is not finished and […]
Gold, silver steady-weaker as Powell Jackson Hole speech awaited Gold and silver prices are steady to slightly lower in quieter midday U.S. trading Thursday, as traders are awaiting the marketplace event of the week, if not the month: the annual Federal Reserve symposium held in Jackson Hole, Wyoming. The meeting gets under way Thursday evening. […]
