Sunday, March 5, 2023

Gold price to take direction from Powell's testimony, U.S. jobs report next week

Gold price to take direction from Powell's testimony, U.S. jobs report next week: Gold price to take direction from Powell's testimony, U.S. jobs report next week After five consecutive weeks of losses, the gold market posted its first weekly gain. Analysts say the precious metal w...

Monday, November 21, 2022

Gold, silver down as USDX rallies, crude oil tanks

Gold, silver down as USDX rallies, crude oil tanks: Gold, silver down as USDX rallies, crude oil tanks Gold and silver prices are solidly lower in midday U.S. trading Monday. The metals are feeling the heat of strong gains in the U.S. dollar index to s...

Wednesday, July 27, 2022

Gold stages a relief rally after the Fed announces a 3/4% rate hike

Gold stages a relief rally after the Fed announces a 3/4% rate hike: Gold stages a relief rally after the Fed announces a 3/4% rate hike As anticipated the Federal Reserve concluded the July FOMC meeting with an announcement that they will raise rates by 75 basis point...

Sunday, April 17, 2022

Volatility to dominate gold market as 'central banks running out of options,' bullish sentiment intact - Kitco's gold price survey

Volatility to dominate gold market as 'central banks running out of options,' bullish sentiment intact - Kitco's gold price survey: Volatility to dominate gold market as 'central banks running out of options,' bullish sentiment intact - Kitco's gold price survey Despite a $20 retreat prior to the long weekend, the bullish sentimen...

Thursday, January 6, 2022

Gold, silver sell off on bearish reaction to hawkish Fed

Gold, silver sell off on bearish reaction to hawkish Fed: Gold, silver sell off on bearish reaction to hawkish Fed Gold and silver futures prices are sharply lower in midday U.S. trading Thursday. The metals are reeling after a surprisingly hawkish report fr...

Wednesday, September 22, 2021

Gold loses post-FOMC price gains as Powell upbeat on U.S. economy

Gold loses post-FOMC price gains as Powell upbeat on U.S. economy: Gold loses post-FOMC price gains as Powell upbeat on U.S. economy prices are lower and near daily lows in afternoon U.S. trading Wednesday. This afternoon’s statement from the Federal Reserve’s Op...

Tuesday, June 1, 2021

Gold triumphs as fiat dies

Gold triumphs as fiat dies: Gold triumphs as fiat dies For citizens of the world, is the death of fiat currency becoming… the new normal? Double-click to enlarge what is obviously the most important chart for currency investor...