Utilising MarketHive to Promote CryptoCurrency
The Fed's use of data-dependent decisions can't be applicable only when it supports their beliefs Considering that as recently as June we had the highest level of inflation recorded in the last 40 years today’s CPI report from December was a welcome change as inflation continues to slowly dissipate. Just six months ago overall inflation […]
Market participants pause as they wait for tomorrow's inflation report It is a given that the potential for inflation to decline in the December report. The assumption that inflation continues to diminish and has for the most part been factored into market pricing. Tomorrow's Consumer Price Index will occur after the strong and hawkish speech […]
Nouriel Roubini says gold may be your best protection as the mother of all debt bombs & nine other megathreats are looming Ten “megathreats” are hurtling towards the world including war, debt crises, and a demographic “time bomb” will make investors flock to gold, hence causing the yellow metal’s price to rise to $3k […]
Gold closes at its highest value this year, although traders bid it lower Gold futures and spot pricing closed moderately higher today. However, traders and investors bid the precious yellow metal lower with dollar weakness accounting for all of today's gains. As of 4:40 PM EST gold futures basis, the most active February contract is […]
Gold price surges back to 6-month highs on mixed U.S. data, focus shifts to inflation next week The latest macro data out of the U.S. pushed gold back to six-month highs after the U.S. economy and employment showed signs of cooling. The gold market was at one point just $25 away from its key $1,900 […]
Gold moves lower temporally halting rally on Fed clarifications of inflation concerns Breaking four consecutive days of gains, gold prices declined today by $20 as market participants reacted to data revealing that the U.S. labor market is tighter than previously perceived. A tight labor market raises the expectations that the Federal Reserve will maintain the […]
Gold continues 2023 rally amidst minutes revealing Fed remains hawkish This afternoon the Federal Reserve released the minutes from last month’s FOMC meeting. Unanimously Fed officials agreed that the central bank should slow the pace of its aggressive rate hikes. This would allow them to continue to ratchet up the cost of credit to curb […]
Gold, silver lifted by safe-haven demand, bullish charts Gold and silver prices are up at midday, but down from earlier levels that saw gold notch a six-month high and silver an eight-month peak. Safe-haven demand is featured to start the new year, along with technical buying amid bullish charts. Risk aversion is keener early this […]
Retail investors see silver prices rallying more than 50% in 2023 to $38 an ounce Welcome to Kitco News' 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on […]
Steady-weak price action in gold, silver as 2022 winds down Gold and silver prices are not straying too far from unchanged levels in quieter early U.S. trading Friday. Many traders are on holiday this week, making for lighter trading volumes and thin conditions. Traders will hit the exit doors early today, ahead of the three-day […]
