Utilising MarketHive to Promote CryptoCurrency
Gold price sinks on strong greenback, rising U.S. Treasury yield Gold and silver prices are down in midday U.S. trading Wednesday. The precious metals are being punished by a strong U.S. dollar index and rising U.S. Treasury yields. These two bearish elements continue to supersede any other potentially bullish factors for the metals. December gold […]
Gold, silver stumble as USDX, U.S. bond yields rise Gold and silver prices are lower in midday U.S. trading Tuesday, once again pressured by a higher-valued U.S. dollar on the foreign exchange market and by rising U.S. Treasury yields that see the benchmark 10-year note yield above 4.0%. December gold was last down $7.80 at […]
Gold struggles in light of weak dollar as rate hikes loom Gold continues to struggle even in light of a strong decline in the U.S. dollar. Gold had respectable gains in New York trading today, but gave up those gains in Globex trading. By the close of trading in New York today gold had added […]
Gold prices drop sharply as U.S. CPI rises 0.4% in September Gold prices have dropped sharply into negative territory as U.S. consumer prices rose more than expected in September, raising prospects that the Federal Reserve will maintain its aggressive monetary policy stance through the rest of the year. Thursday, the U.S. Labor Department said its […]
Gold/Silver – Where is the bottom? It was another volatile week in the markets, both for the longs and the shorts, with the technical backdrop continuing to deteriorate. Rampant inflation reaffirms the Federal Reserve will continue to reverse the loose monetary policy after CPI on an annualized basis came in at 8.2% versus expectations of […]
Gold price drops nearly $90 from October highs, Wall Street turns exceedingly bearish on precious metals The short-term outlook on gold remains bleak, with analysts turning overwhelmingly bearish on the precious metal as the $1,650 an ounce level breaks. The precious metal is down nearly $90 from its October highs of $1,737 an ounce, with […]
Gold, silver recover most of sharp, early losses Gold and silver prices are modestly lower in midday U.S. trading Thursday but have made a solid rebound from early-morning losses following another hot U.S. inflation report. Strong losses in the U.S. dollar index and higher crude oil prices today are working in favor of the precious […]
Gold prices remain down as Fed stays committed to reducing inflation even as economy slows – FOMC minutes The gold market remains under pressure but is not seeing any new price action as the Federal Reserve remains committed to tightening its monetary policy to cool down the growing inflation threat. Although the U.S. central bank […]
Gold gains on short covering, bargain buying, pullback in USDX Gold prices are higher in midday U.S. trading Tuesday, on short covering in the futures market and some bargain hunting and/or safe-haven demand in the cash market. A weaker U.S. dollar index and pullback in U.S. Treasury yields on this day is also working in […]
Strong USDX, rising U.S. Treasury yields, stingy Fed punish gold, silver prices Gold and silver prices are sharply lower near midday Monday. The safe-haven metals are being hit hard by a higher U.S. dollar index, rising U.S. Treasury yields and weaker crude oil prices to start the trading week. An aggressively tight monetary policy from […]
