Utilising MarketHive to Promote CryptoCurrency
Gold futures remain in uptrend with an expected Fed pause The gold market did not see much of a reaction after CPI inflation cooled slightly more than expected on Thursday, followed by a mildly hotter-than-expected PPI inflation report this morning. U.S. CPI annual inflation rose 3.2%, up from 3% in June, while PPI inflation for […]
The Gold market is stuck in neutral but there are still plenty of triggers The gold market is stuck in neutral and could remain there through the rest of the summer as U.S. economic data continues to support the Federal Reserve's monetary policy tightening bias; however, analysts say that near-term weakness could be seen as […]
Bank of Canada finds little reason for Canadians to adopt a CBDC, RCMP wants a digital repository for seized crypto An investigation conducted by the Bank of Canada (BoC) has found that the average Canadian sees little reason to adopt a central bank digital currency (CBDC), which could lead to problems with such a product […]
Gold, silver a bit firmer after tame U.S. inflation report Gold and silver prices are slightly higher in choppy, two-sided trading at midday Thursday. The metals are supported by a U.S. consumer price index report that came in a bit tamer than market expectations. However, gains are limited as the U.S. dollar index has pushed […]
Gold, silver weaker on more weak China data, technical selling Gold and silver prices are down in midday U.S. trading Wednesday, with both metals dropping to four-week lows. The precious metals are pressured by another economic report out of China that suggests less consumer demand for goods and services, which includes metals. Chart-based selling is […]
Weak China data sinks gold, silver markets Gold and silver prices are lower in midday U.S. trading Tuesday. The two precious metals were pressured following surprisingly weak import and export data coming out of China overnight. A rally in the U.S. dollar index and weaker crude oil prices also weighed on the metals today. December […]
Gold, silver down amid rising bond yields, hawkish Fed-speak Gold and silver prices are lower in midday U.S. trading Monday, with silver prices sharply down and hitting a four-week low. The precious metals are seeing selling interest on rising U.S. Treasury yields, hawkish comments from a Federal Reserve official, and as the near-term technical postures […]
Analysts more bullish on gold following lower job growth, higher wage inflation The gold market rallied following a weaker-than-expected U.S. jobs report for July, which included downward revisions for May and June and strong wage growth, sending spot gold prices from $1931 to an intraday high of $1946.79 The latest Kitco News Weekly Gold Survey […]
CPI could be a make-or-break moment for gold next week as prices look for direction The gold market is back in no-man's land as the price is pushed and pulled between rising bond yields and continued economic uncertainty. According to some analysts, next week's inflation data could be a "make or break" moment for the […]
Gold prices remain stuck in neutral as U.S. economy created 187K jobs in July, wages increase The gold market is trying to hold critical resistance levels as the U.S. labor market loses momentum in July, even as inflation pressures remain in place. U.S. nonfarm payrolls rose by 187,000 last month, according to the Bureau of […]