Posts Tagged ‘gold chart’
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 Slip Ahead of Anticipated Economic Data
Gold prices experienced a slight dip on Monday, due to a cocktail of bearish factors, notably a slightly firmer U.S. dollar index. The relationship between gold and the dollar is historically inverse; as the dollar strengthens, gold, priced in dollars, becomes more expensive for holders of other currencies, potentially dampening demand. This unanticipated slip in […]
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 […]
Gold Steady As US Dollar Index Tries to Make Gains
Similar to other commodities, gold prices usually escalate when the US dollar weakens. Hence, during periods when the dollar is losing value, the likelihood of an increase in gold prices is notably high. Unfortunately, although the US Dollar index has retraced from its recent high, it has still made around 10% gains since late 2022. […]
Surge In Gold Prices Back to 2022 Highs
The recent move by the U.S. Federal Reserve to raise rates by 25 basis points suggests that it may have reached the peak of its rate hike cycle, thereby causing a surge in the price of gold around the globe. This is partly because it makes the precious metal a more attractive investment option for […]
Gold Pops Past $2000 But Settles For Less
Spot gold price earlier this week was close to $2075/ounce, but after traders booked their profits, this saw the yellow metal drop below $2000 after it reached this new high. Inflation is hitting highest levels for decades and the outlook is bleak for the short term. Experts in commodity markets believe that the sharp rise […]
Gold Price Hitting New 6 Year High But Will It Continue?
Gold prices have been on a fantastic run higher for the last 4 weeks after a breakout of the early 2019 range. The breakout came with the speculation that the Federal Reserve may begin to lower interest rates after a period of hikes. Whilst no rate cut has yet been implemented there are many commentators […]
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 […]
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 […]
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- Gold Flying and Making New All Time Highs
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- Gold Prices Dance with CPI Data and the Fed
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- Gold Steady As US Dollar Index Tries to Make Gains
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