Utilising MarketHive to Promote CryptoCurrency
Gold prices recover as equities stabilize, silver and platinum face further downside risk – FX Empire’s Zernov Gold markets came under pressure as traders sold their strongest assets to cover positions during Monday’s global market downturn, but recovered as traders covered their positions, while silver lost more than 5% as the gold/silver ratio shot higher, […]
Gold Price Forecast – August 2024 Gold News Key Takeaways Gold hits another all-time high above $2,483/toz in July as flows remain supportive. Markets price in further easing of US rates for the remainder of 2024, softening the USD. Gold now appears to be trading in a slightly widening ascending channel. Gold Hits New High […]
Hoard of gold coins from 400 BC found buried in Turkey An ancient treasure trove of rare Persian gold coins dating back to the Peloponnesian War was recently unearthed by archaeologists in Turkey. University of Michigan archaeologist Christopher Ratté and his research team discovered the bullion coins purely by chance while digging beneath the courtyard […]
Wall Street experts see gold gaining on renewed recession fears, Main Street bullishness not far behind Gold enjoyed one of its strongest runs of the year this week, as downbeat U.S. data and a more dovish Fed combined to boost the yellow metal, and even Friday's flash crash did little to dampen precious metals traders' […]
Gold gains on safe-haven demand, weak U.S. data, easy Fed Gold prices are firmly higher in midday U.S. trading Thursday, on some safe-haven demand amid heightened Middle East tensions, some weaker U.S. economic data and a dovish lean by the Federal Reserve this week. December gold was last up $18.00 at $2,490.10. September silver was […]
Gold Price News: Gold Hits Two-Week Low After US GDP Growth Surprises Gold prices fell sharply on Thursday, after US GDP figures showed surprise growth in the second quarter. Prices fell as low as $2,354 an ounce on Thursday, down from just under $2,400 an ounce in late trades on Wednesday. The latest action means […]
Breaking: Trump vows to make Bitcoin a strategic reserve currency Breaking: Trump vows to make Bitcoin a strategic reserve currency teaser image (Kitco News) – Breaking news from the Bitcoin 2024 Conference as Presidential candidate Donald Trump said he intends to make Bitcoin a strategic reserve currency for the United States. “Many Americans do not […]
Gold Surges as Cooling Inflation Raises Hopes for September Rate Cut The latest economic data has sparked renewed optimism in the gold market, with prices climbing over $20 as investors digested signs of cooling inflation and robust economic growth. This positive sentiment comes as the Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE) […]
The U.S. Economy demonstrates unexpected strength in Q2 2024. The Bureau of Economic Analysis (BEA) released its advance estimate of second-quarter GDP growth, revealing unexpected strength in the U.S. economy. Despite economists' predictions of a 2% annualized growth rate, the actual figure came in at a robust 2.8%, surpassing expectations and demonstrating resilience in the […]
Economic Data Poised to Shape Fed Decision and Market Outlook As July draws to a close, investors and Federal Reserve officials alike are poised on the edge of their seats, eagerly awaiting two crucial economic reports that will shed light on the health of the U.S. economy. These reports, set to be released on Thursday […]
