Utilising MarketHive to Promote CryptoCurrency
Gold price sees triple-digit gains in March, but can it set record highs in April? Gold gained $150 in March — its best month since July 2020. And with analysts seeing markets contradicting the Fed's messaging, gold has a lot more upside, including testing and breaking record highs in April, according to analysts. The gold […]
Gold’s most active contract switches to June which are flirting with $2000 Gold traded higher by low double digits today. The gains are the result of two factors and tomorrow’s PCE inflation report. Currently, the April 2023 contract of gold futures is trading up $14.20 and fixed at $1981.10. Concurrently, the June 2023 contract of […]
Gold remains solidly bullish even with today’s modest price decline Although gold prices had a modest decline in trading today, the overall fundamental environment that had caused gold pricing to trade above $2000 last week remains solidly entrenched. Today’s modest single-digit decline in gold resulted from market participants once again focusing on risk-on assets with […]
Gold, silver gain on bargain hunting, bullish outside mkts Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day's top stories directly to your inbox. Sign up here! (Kitco News) – Gold and silver prices are up in midday U.S. trading Tuesday […]
Gold prices soften as concern subsides over banking meltdown For the second consecutive day gold futures have traded lower. Today gold traded to an intraday low of $1945 and a high of $1984 after opening at $1982.60. As of 4:15 PM EST gold futures basis the most active April contract is currently fixed at $1958.50 […]
Goldman Sachs sees gold rallying over $2,000 in 12 months as banking crisis spurs safe-haven demand The biggest banking crisis since 2008 has created a surge in safe-haven demand for gold and Goldman Sachs is looking for prices to remain above $2,000 an ounce 12 months from now. Wednesday, commodity analysts at Goldman Sachs […]
Gold's bullish uptrend won't be reversed by a 'mean washout' – analysts The gold market retreated Friday as better-than-expected U.S. data and hawkish comments from St. Louis Fed President James Bullard weighed on prices. But analysts don't see the gold's bullish uptrend reversing soon. Gold was down around $15 on the day after hitting a […]
Gold exhibits extreme gains as traders digest the complex events of March Gold as a haven asset has been the recipient of the financial uncertainty that has unfolded this month. Gold futures hit a low of $1814 on March 8 and traded to its highest yearly value on Monday when April futures traded to an […]
Gold, silver rally amid less-hawkish Fed, weaker USDX Gold and silver prices solidly higher in midday U.S. trading Thursday, boosted in the wake of the Federal Reserve raising its main interest rate by a quarter-point, but also suggesting rates will not continue to rise. A depreciating U.S. dollar on the foreign exchange market is also […]
Gold futures surge $32 higher after the Fed signals a pause in hikes is imminent The rally in gold spot and futures returns after a small two-day correction. On Monday of this week, gold hit a new high value at $2015 per ounce. It was approximately one year ago to the day that gold futures […]
