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The 'biggest crash in history' is here – should you protect yourself with gold, silver, and livestock? – Robert Kiyosaki The S&P 500 has lost 18 percent of its value over the year, and it is only going to get worse, according to Robert Kiyosaki, best-selling author of the Rich Dad, Poor Dad series. Kiyosaki […]
Gold's week in the red, but is silver flashing 'buy signal'? Gold saw a volatile $80 move this week, hitting the lowest levels since April 2020. The latest macro data — hot inflation and better-than-expected retail sales — are giving the Federal Reserve leeway to continue aggressively raising rates. This is pushing the U.S. dollar […]
Gold prices holding support above $1,675 as UofM inflation expectations fall to one-year low The gold market is holding critical support at around $1,675 an ounce as consumer sentiment continues to improve and inflation expectations remain anchored. Friday, the University of Michigan said a preliminary estimate of its consumer sentiment survey edged up to 59.5 […]
Gold price pounded to 2-plus-year low by economic worries, bearish charts Gold prices are sharply down and hit a nearly 2.5-year low in midday U.S. trading Thursday. Silver prices are also solidly lower. The precious metals are being hit by global economic worries that threaten to dent commercial and consumer demand for raw commodities, including […]
Gold gains, silver surges as USDX slumps Gold is moderately higher and silver sharply up in midday U.S. trading Monday. The precious metals are supported by a depreciating U.S. dollar on the foreign exchange market. The U.S. dollar index is sharply lower today and hit a two-week low after last week posting a 20-year high. […]
Weak inflation will be key to a sustainable gold rally above $1,750 Some optimism is creeping back into the gold market as prices end the week in neutral territory, bouncing off support at $1,700 an ounce. However, analysts are warning investors that economic data next week needs to be significantly weaker than expected if that […]
Gold holding fast against U.S. dollar, bond yields It may be a little premature to be talking about a breakout in gold; however, according to several market analysts, the precious metal is ending the week on a solid note. Although it's ending Friday in relatively neutral territory, analysts see a small victory in what the […]
Gold backs down as Powell reiterates hawkish Federal Reserve Gold prices are lower in midday U.S. trading Thursday, pressured by comments from Federal Reserve Chairman Jerome Powell that again leaned hawkish on U.S. monetary policy. Powell’s comments boosted the U.S. dollar index and U.S. Treasury yields, both of which had been weaker ahead of his […]
Gold, silver bounce as USDX, Treasury yields decline today Gold and silver prices are higher and near daily highs in midday U.S. trading Wednesday, on short covering in the futures markets and perceived bargain hunting in the cash markets, following recent losses. The U.S. dollar index and U.S. Treasury yields backed down from their higher […]
Gold bears remain in control as short squeeze runs out of momentum Gold bears remain firmly in control of the market as prices have been unable to hold gains above $1,750 and a short squeeze on hedge funds has proved to be short-lived. According to market analysts, hedge funds remain pessimistic about gold as markets […]
