Utilising MarketHive to Promote CryptoCurrency
Gold, silver sink as USDX rallies, crude dips; Powell on deck Gold and silver prices are solidly lower in midday U.S. trading Tuesday, feeling the pressure of a higher U.S. dollar index and lower crude oil prices on this day. August gold was last down $23.40 at $1,947.90 and July silver was down $0.891 at […]
Gold price is stuck in neutral, but that is its strength now Although gold is struggling to attract bullish momentum, analysts note that its strength now relies on how much support is in the marketplace, even as speculative interest starts to drop. In its latest trade data, Commodity Futures Trading Commission noted that speculative interest […]
Gold's new price base keeps record highs within reach, says VanEck Gold has formed a new base at the $1,900 an ounce level, and if that continues to hold, record highs will be within reach, according to VanEck's latest analysis. Gold has just spent the most time above $1,900 an ounce than ever before, forming a […]
A big move in gold price is coming after weeks of neutral stance – analysts The gold market has been steady so far in June, trading between $1,940 and just under $2,000 an ounce. But analysts warn that after weeks of sideways price action, gold is ready for a more significant move. The caveat is […]
Silver outshines gold with better short-term performance Both gold and silver investors have focused on the recent decision by the Federal Reserve that was revealed at this month's FOMC meeting on Wednesday. The Federal Reserve decided not to raise its benchmark Fed funds rate this month after raising rates for the last 10 consecutive FOMC […]
Gold breaks below its 100-day moving average but recovers as the dollar tanks Commentaries & ViewsShare this article: Gold futures basis the most active August Comex contract traded below its 100-day simple moving average which is currently at $1950.70 after trading to an intraday low of $1936.10. However, as of 4:34 PM EDT, gold futures […]
The core message of the Federal Reserve: more rate hikes, elevated for longer As anticipated the Federal Reserve announced that the "committee decided to maintain the target range for the federal funds rate at 5 to 5 ¼%". However, the core message as expressed in today's statement and press conference by Chairman Powell was that […]
Gold, silver sell off as FOMC conclusion looms Gold and silver prices are lower in midday dealings Tuesday, losing initial gains that were seen following a U.S. inflation report that came in very close to market expectations. Position evening ahead of Wednesday afternoon’s FOMC meeting conclusion is featured. Futures traders with weak long positions were […]
Gold, silver down amid bearish outside markets; FOMC looms Gold and silver prices are lower in midday U.S. trading Monday. A trio of bearish outside markets are pressuring the precious metals today: a firmer U.S. dollar index, solidly lower crude oil prices and a rise in U.S. Treasury yields. The marketplace is a bit quieter […]
Gold price going into Fed decision: selloff or test of $2k? With Federal Reserve rate hike expectations see-sawing on mixed macro data, most analysts call for a pause in June but are not ruling out more rate hikes this summer. Here's what it means for gold. The gold market is ending the week 0.4% higher […]
