Utilising MarketHive to Promote CryptoCurrency
Gold's advantage over bitcoin Before gold went on a run earlier this month, company financings in the precious metal space picked up, said CEO of Oreninc Kai Hoffmann. Hoffmann spoke to Kitco in mid-November at the Deutsche Goldmesse show in Frankfurt, Germany. Oreninc tracks financings for juniors and miners. Early this month, two pieces of […]
Gold hit hard by profit taking as Fed Chair Powell stays Gold and silver futures are sharply down in midday U.S. trading Monday, with gold notching a two-week low. The metals’ prices were under pressure overnight and then selling pressure accelerated when it reported early this morning that President Biden plans to keep Federal Reserve […]
Gold price is consolidating, when is a breakout happening? – Gary Wagner gives price targets This upcoming Thanksgiving will be the most expensive ever, and inflation will continue to be a serious concern for investors, said Gary Wagner, editor of TheGoldForecast.com who advocates that gold is still the ultimate store of wealth. On a technical […]
Gold closes under pressure following a statement by Fed Governor Waller Gold is trading under pressure, which will certainly result in gold closing lower on the week. As of 5 PM EST gold futures basis, the most active December 2021 Comex contract is down $13.80 (0.74%) and fixed at $1847. What sparked today’s selling pressure […]
Is Fed making a mistake? Big market risk ahead as gold looks to $1,900 – analysts ccording to analysts, with all eyes on the U.S. President Joe Biden's Federal Reserve Chair pick, gold is waiting for its next catalyst to take it to $1,900 an ounce, with markets eyeing year-end volatility. Gold is wrapping up […]
Gold has gained over $100 in November but now has entered a period of price consolidation Since November 11 gold began to consolidate after completing the current leg of the most recent rally that began on November 4. The rally started one day after the conclusion of the November FOMC meeting. They announced that they […]
Gold continues to attract market participants as a primary tool of wealth preservation Market participants are once again focused upon the real threat that faces global economies, spiraling inflation. Today the United Kingdom reported that inflation has now hit a 10-year high. In the United States, the current level of inflation is at a 31-year […]
Strong retail sales and dollar strength take gold lower in trading today Gold futures traded to a high of $1879.50 overseas last night but then fell sharply off of these highs as the U.S. Census Bureau announced the advanced estimate of retail and food services sales for October 2021. Concurrently, the Federal Reserve released its […]
Gold prices to average $1,9450 in Q1 – Société Générale The gold market has broken out after five months of consolidation, and commodity analysts at Société Générale see the potential for a significant rally through the first quarter of 2022. In its latest price forecast, the French Bank said that U.S. monetary policy will continue […]
Gold prices jump into positive territory following drop in UoM consumer sentiment survey After spending the morning in negative territory, gold prices are once again on the move higher, getting a boost following weaker than expected U.S. consumer sentiment data. Friday, preliminary data from the University of Michigan showed consumer sentiment falling to 66.9, down […]
