Posts Tagged ‘spot gold’
Gold and Oil News - May 27, 2024 16:30
Strength in Gold and Copper Continues – But for How Long?
As we start the new week, gold has displayed gains during the early parts of Monday’s trading, this implies that the precious metal is potentially reversing from its past week’s declines. However, despite the challenges it faced in the past week, overall gold remains in an uptrend, and it is supported by a number of […]
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 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, […]
Is This The New Trend Line For Gold?
We’ve all been amazed by the trend in Gold prices during 2016 so far, but this last few weeks, since a spike higher after the Brexit decision, Gold has fallen back somewhat. Is the Gold bull over for 2016? Or is this just another dip to buy into? It’s obvious at some point the strong […]
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