Posts Tagged ‘Gold Prices’
Gold and Oil News - March 30, 2024 10:37
Gold Flying and Making New All Time Highs
During Thursday’s trading on US sessions, an extraordinary event for Gold bulls took place. A gold price was hit of $2230 per ounce, gold set a fresh all-time high. The primary underlying strength of these rapid gains is the increased anticipation of numerous interest rate reductions from the world’s foremost central banks, mainly driven by […]
Gold Prices Dance with CPI Data and the Fed
As we all know, gold often functions as an economic barometer, reacting to various indicators like inflation, interest rates, and geopolitical stability. As of late, traders are tuned into the latest Consumer Price Index (CPI) data for August, which is adding another layer of complexity to the already erratic movement of gold prices. Investors are […]
FOMC Begins to Raise Rates to Get Inflation into Check
The Federal Open Market Committee raised the federal funds rate by 0.25 at the conclusion of Wednesday’s two-day policy meeting. This brings the target range from 0.25 to 0.50 percent. This is the latest step in the recovery of the US economy from the pandemic, and it’s the most significant to date to fight the […]
Gold Prices Holding Firm Above $1500
Gold prices have seemingly found a comfortable level above $1500 this last week. This comes after a phenomenal rise in late December in anticipation of the USA China trade deal being signed off and the President’s impeachment. This rise continued to accelerate into January when the USA assassinated the Iranian General Qasem Soleimani. Worries of […]
Gold Prices – Have We Hit The Resistance?
The strength of Gold prices has remained high over the last 10 days since reaching the resistance at just under $1300. If you look left on a daily chart, you can see this was the area that clearly broke down in June 2018. Gold is fighting against higher prices here, a true battle of bulls […]
Gold and Silver Prices Continue to Creep Higher
Gold and Silver prices continued to push towards their recent highs yesterday, aided by the US Dollar which began to slide further away from the 2018 highs. Gold has been on a run lately, after breaking through the 1230 resistance area following the end of November Non-Farm Payroll report. Currently the gains in Gold and […]
Gold Stuck In Rut – For How Long?
The first quarter of 2018 has given very little excitement to those who trade Gold. Prices have been range bound in a tight area around the highs of the early 2016 rally. There’s some resistance up here, and it seems like the price is waiting for a catalyst to decide what happens next. It’s entirely […]
Gold Prices and Why There’s Nobody Buying
At the back end of last week Gold prices slid to levels not seen since mid March, all-in-all it was Gold’s worst performing week of 2017 so far. The recent strength of the US Dollar put pressure on Gold as expectations of a rate rise grow. The US Fed gave indication that planned rate rises […]
Gold Prices and Where Next At This Resistance?
Gold gained good ground over the last week, after an early October fall through support. However, the fall stalled and found a base around the mid-point of the February to May range. Gold mining stocks had seen a phenomenal run, with some of the big players up over 200% and more from early 2016 lows, […]
Are Gold Prices Set To Head Higher?
2016 has seen a lot of strength return to gold prices. In fact since January gold has increased by around $200 per ounce. What many investors are thinking now is can these prices be sustained for the rest of the year? In recent history quick spikes have usually been followed by sharp falls, however things […]
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