Posts Tagged ‘gold price’
Gold and Oil News - August 3, 2018 10:57
Gold Price at 12 Month Lows with Non Farm Payrolls to Land
After several negative weeks and months Gold prices are sitting at their lowest point in over a year. The Federal Reserve opted to hold rates on Wednesday which seen Gold sell off further and approach this very important level of $1200. The US Dollar remains strong, as it has since early April this year, whilst […]
Gold Prices Jump On Further Rate Increase and Forward Guidance
Gold prices jumped $30 from the lows after the FOMC rate increase of 25 basis points. Along with what was a largely expected rate hike, the Fed hinted that rate increases may continue in a steep upward curve over the next few years. Alongside the hike came comments that the Fed intended to sound hawkish […]
Dow Jones Stumbles and Reverses on Fed Unchanged Interest Rate
The US federal reserve released their quarterly interest rate decision in the United States. They left rates on hold for the next period but hinted at a rate hike maybe on the cards before the end of this year. Once again the Federal Reserve suggested that interest rates are due to rise again. Even though […]
Gold Price Shoots Higher As Trump Offers No Clarity
The US dollar fell hard whilst gold prices shot higher as Donald Trump began his pre-presidential speech, which provided little clarity on future financial policies. The price of gold began the US session to the downside, hitting a low of $1177 before reversing strongly heading towards $1200. It seems the speech by the soon-to-be US […]
WIll Gold Hold Out Above $1200?
It’s safe to say that May was a hell of a bearish month for gold prices, in fact it’s been the worst month of the year so far for the precious metal. Gold prices fell from a high of $1300 on 2nd May to a low of $1200 on 30th May. This abrupt end to […]
Gold Price – To Buy Or Not To Buy?
As things stand, Gold prices have bounced (since Monday) from the lows of the last two years. The question remains, to buy or not to buy? With the US Dollar on a rampage, it’s easy to find reasons to be uncertain on Gold, however, does this bounce show us where support in the price remains? […]
Gold and Silver Contracts Gain on Declining Dollar
Base metals including gold and silver futures contracts moved in a bullish rally on Friday as the US dollar declined over escalating political unrest in Middle East and North Africa. Investors were also uncertain about the sovereign debt in the euro zone region. Vice president George Gero from RBC Wealth Management commented on the raising […]
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