Utilising MarketHive to Promote CryptoCurrency
Gold price holds $1,800, but can Fed's 50-point hike trigger selloff? The gold market is stuck at its all too familiar $1,800 an ounce level as markets start to price in the potential of a 50 basis points rate hike in March. The focus next week is on the latest U.S. inflation numbers. The most […]
Gold shows resilience gaining value in light of an extremely strong jobs report Volatility continues to be a prominent factor in gold pricing today. The volatility revolved around the release of the Labor Department’s jobs report for January. Earlier this week ADP released its private-sector jobs report. Economists polled by the Wall Street Journal were […]
Gold and silver push higher ahead of the European open Gold (0.19%) and silver (0.46%) have pushed higher ahead of the European open. Gold continues to trade around $1800/oz, while silver hovers at $22.50/oz. In the rest of the commodities complex, spot WTI is 0.60% higher and copper is trading flat. In equities markets, Amazon […]
Gold, silver see modest gains as bulls regaining momentum Gold and silver futures prices are higher and nearer daily highs in midday U.S. trading Wednesday, on continued short covering and perceived bargain buying. A slumping U.S. dollar index and crude oil prices hitting seven-year highs earlier this week remain bullish outside market forces for the […]
Biggest gold price losses to hit market in mid-2022, here's why Gold prices could be looking at sideways price action for the rest of the year. The biggest test comes in mid-2022 when inflation begins to stabilize and markets absorb higher interest rates, according to DailyFX.com senior strategist Christopher Vecchio. After a quick rally above […]
Gold is 'prime candidate' to rally as stocks reverse in 2022 – Bloomberg Intelligence The sentiment in the gold market has reached its "maximum disdain," which means that gold is primed for a reversal and could be ready to rally past $1,900 an ounce, according to Bloomberg Intelligence. As the Federal Reserve gears up to […]
Why did gold price just plunge $70? As markets digested all of the Federal Reserve's hawkish signals, gold tumbled $70 from its two-month highs. Here's a look at Kitco's top three stories of the week: 3. Fed's Powell says inflation 'is slightly worse' than in December, signals March rate hike. 2. The International Monetary Fund […]
Gold's strong decline results in a high probability of a death cross forming Gold has declined dramatically this week opening at approximately $1841 on Monday, with the February 2022 Comex contract currently fixed at $1790.10. Gold declined by three dollars today taking the weekly price decline two $50.90. If you factor in the highest value […]
Gold is insurance against a hawkish Fed policy mistake I hope all the gold investors out there are wearing their seatbelts because if this past week is any indication, the price action is going to continue to be a bumpy ride. Gold bulls were once again caught on the back foot as the Federal Reserve […]
Gold price remains near $1,800 following 3.8% drop in U.S. pending home sales The gold market remains solidly in negative territory and can’t find any bullish traction even as fewer U.S. consumers start the process of buying a home, according to the latest data from National Association of Realtors (NAR). U.S. pending home sales dropped […]
