Utilising MarketHive to Promote CryptoCurrency
This gold price level to spark even a bigger rally – analysts After a solid breakout above $1,850 an ounce, gold could be ready for even bigger gains. But first, the precious metal must breach this level, according to analysts. Inflation accelerating to three-decade highs in the U.S. has pushed investors towards gold, with the […]
Gold shines the brightest when the chips are down Everyone who has bought anything in the last year knows that inflation is real. However, this week we found out just how bad it is. Wednesday, the U.S. Consumer Price Index saw an annual rise of 6.2%, the highest level in more than three decades. And […]
Gold price is heading back to $2,000 after playing 'second fiddle' to other assets – DailyFX After playing "second fiddle" to other assets for most of the year, gold is on its way back towards the 2020 record highs of above $2,000 an ounce, said DailyFX analyst Warren Venketas. There is a good upside to […]
Could gold be posed for a breakout? CPI numbers answered that question today Yesterday's article addressed whether or not gold was positioned for a large upside breakout. We cited that the upcoming CPI (Consumer Price Index) numbers which were released today, would be a huge component to answer that question. Our technical studies indicated that […]
By 2024, gold price will double, silver will more than triple, here’s why – Patrick Karim Gold and silver are both headed much higher, if prices continue to follow a 7-year arc pattern, said Patrick Karim of Northstar & Badcharts. Should the arc hold, gold should be trading at 250% higher than its 2017 level, […]
Gold moves higher on inflationary concerns and accommodative central banks Now for the third day in a row, gold has scored significant gains. As of 4:25 PM EST gold futures basis, the most active December contract is currently up $9.50, or 0.53%, and fixed at $1826.40. Silver has also shown significant gains today, with the […]
Gold price jumps nearly $25, is this the start of a breakout? With the Federal Reserve's tapering and new employment data out of the way, the gold market is finally moving. Gold jumped $25 on Friday as markets started to anticipate a more patient Federal Reserve going forward. December Comex gold futures were last at […]
Gold breaks out, will it 'steal the show' in 2022? It's been a very busy data week for the markets. The Federal Reserve announced tapering of its asset purchases and the U.S. economy added more than 500,000 jobs in October. Gold is finally starting to react — surging $25 on Friday and rising well above […]
Gold's not going down without a fight It has been a frustrating couple of months for gold investors as the precious metal has been unable to attract any sustainable momentum. However, it looks like the tide is turning as rising inflation makes the precious metal an attractive, undervalued hedge. Gold prices are looking to close […]
Gold surges as Bank of England mimic the Fed, indicating both central banks are in no rush to raise rates Gold prices surged in trading as the Bank of England joined the central bank of the United States, expressing that they were not in favor of raising interest rates at any time in the near […]
