Utilising MarketHive to Promote CryptoCurrency
The Fed's made its move and now it's gold's turn The gold market appears to be taking the Federal Reserve’s hawkish stance in stride as the precious metal’s price continues to hold on to support around $1,800 an ounce. This week the Federal Reserve signaled it will continue to raise interest rates in 2023 even […]
Gold, silver hit hard by hawkish Fed, surge in greenback Gold and silver prices are sharply lower in midday U.S. trading Thursday. The precious metals bulls were running for cover today amid sharp gains in the U.S. dollar index and in the aftermath the FOMC meeting that sees the Federal Reserve still leaning hawkish on […]
Tough talk by Chairman Powell signaling more rate hikes over a longer time span As expected, the Fed announced its decision to raise its benchmark rate by 50-bps. This takes the central bank’s “Fed funds” rate to between 425 – 450 bps (4 ¼% – 4 ½%). However, it was Chairman Powell’s comments regarding his […]
Slightly cooler U.S. inflation report boosts gold, silver Gold and silver prices are solidly higher in midday U.S. trading Tuesday, but down from daily highs, following a slightly tamer-than-expected U.S. inflation report. Gold surged to a five-month high and silver a seven-month high right after the report’s release. February gold was last up $26.70 at […]
Gold, silver see routine profit taking Gold and silver prices are solidly lower in midday U.S. trading Monday. Normal corrective pullbacks and some profit taking by the shorter-term futures traders were featured to start the trading week, following recent good price gains for both metals. A firmer U.S. dollar index on this day also worked […]
Hawkish Fed surprise could knock down gold price next week Even though gold is looking to end the week above $1,800 an ounce, there is a high chance for a move lower as the Federal Reserve can still surprise on the hawkish side, according to analysts. Despite the rally, the precious metal is trading essentially […]
Russia's gold reserves a target in U.S. defense spending bill The U.S. continues to target Russia's massive gold reserves in an effort to sanction the country for its nearly year-long invasion of Ukraine. Thursday, the U.S. House of Representatives passed the annual National Defense Authorization Act, which will boost defense spending to a record $858 […]
Gold trades sideways as investors wait for next week’s FOMC and CPI report Unlike yesterday’s double-digit gain in gold prices, today we see gold once again consolidating as it did on Tuesday. Tuesday’s price consolidation in gold indicated that the dramatic decline that occurred on Monday was more akin to a one-and-done scenario than the […]
Gold breaks above its 200-day moving average then moves back below it Gold futures basis the most active February 2023 contract opened in New York at $1783.30 and traded to a high of $1803.20 just above its 200-day moving average which is currently fixed at $1800.70. The price point of this long-term moving average at […]
Gold consolidates after trading to a double top near $1825 yesterday Market participants are acutely aware of next week’s FOMC meeting which begins on Tuesday, December 13, and concludes the following day. Following the conclusion of the last FOMC meeting of the year, the Federal Reserve will release a statement which will be followed by […]
