Tag Archives: Gold

In spite of lower yields supporting gold, the US dollar has increased and is now weakening the Gold Index (XAU/USD). Geopolitical concerns are causing central banks to raise their gold holdings, according to a recent report. At the time of writing, the price of XAU/USD is $1,979.64.\ After halting in …

Silver increased beyond $23.00 while Gold once more increased and went above $2,000 before stabilizing at $1991.54 at the time of writing. Following its decline on Wednesday, Bitcoin increased to $28,500. After gaining ground for the majority of the day, the price of crude oil decreased by more than 1%. …

Since the Fed does not think that additional rate increases are necessary, gold is trying to move its auction beyond $2,000.00. Lower inflation and a cooling of demand would be the results of further tightening of credit conditions by American banks.As of the writing of this article, the price of …

Gold prices extended gains on Thursday after the Federal Reserve indicated that the end of the monetary tightening cycle may be on the horizon. Gold in the spot market rose 0.4 percent to $1,976.80 an ounce by 0910 GMT, while US gold futures rose 1.5 percent to $1,979.20. The dollar …

Following the Fed’s less hawkish announcement of its 25 bp interest rate hike on Wednesday, the price of silver surges upward. The Federal Open Market Committee Announcement noted “some additional policy firming,” and the dot plot median indicated one more hike. As a result, the Fed’s decision was largely anticipated.Prior …

Gold is trading at $1946.97 at the time of writing. If the Fed pauses their rate hiking campaign – then they will lose any credibility they had left. However, if the Fed cuts rates – that will look like a panic move, which could spark a bigger crisis.Gold price reaction …

Gold prices moved in a narrow range on Wednesday, with some investors reluctant to trade pending the Federal Reserve’s decision on interest rates and a clearer picture regarding the future of monetary policy. Gold settled in spot transactions at $ 1940.11 an ounce by 0540 GMT, after falling 2 percent …

Gold price drops on risk-appetite improvement, and US Treasury bond yields are surging. The US Treasury bond yields rise, with 10-year TIPS, a proxy for real yields advancing above 1.30%.The Federal Reserve will commence its two-day monetary policy meeting, expected to deliver a 25-bps rate increase. Gold price is tumbling …

Gold prices rose on Tuesday as investors awaited the Federal Reserve’s meeting amid growing expectations that it will slow the pace of its monetary tightening in light of the banking sector’s turmoil. Spot gold rose 0.2 percent to $1,982.29 an ounce by 0546 GMT. US gold futures jumped 0.1 percent …

Gold prices continue to achieve successive increases to begin the first trading of this week on the rise, recording its highest level of $2009 per ounce, to begin a rapid decline to the downside, ending the previous session’s trading around 1978. On the technical side today, a closer look at …