Gold and silver prices are trading sharply higher in early U.S. trading Friday, following a wild session Thursday, in which the yellow metal’s price was up over $30 at one point and down over $25 at another. It appears metals traders to end the week are focusing on the bullish […]
Tag: gold prices
Is gold and silver the next bitcoin for millennials? This could be revolutionary
What the gold sector has needed for years is generalist interest in the space, and one demographic in particular that has shied away from the sector is now showing unprecedented interest, according to Lobo Tiggre, principal analyst of the Independent Speculator. “Young people today understand that there is a risk […]
Gold, silver weaker; bullish spark needed
Gold and silver prices are modestly lower in midday U.S. trading Thursday, even as global equity markets have paused late this week following recent rallies. The safe-haven metals bulls need a new fundamental development to spook the marketplace and jumpstart their near-term price uptrends. August gold futures were last down […]
Gold prices surge on rotation into ‘safety of gold, silver and bonds’
Gold futures rose sharply Thursday as equities sank with markets focused on longer-term worries about the economy after a two-day meeting of the Federal Open Market Committee officials that ended Wednesday. “We’re seeing a sector rotation out of risk assets like U.S. equities and into the safety of gold, silver […]
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Gold price needs more than geopolitical uncertainty to sustain 2020 rally – Saxo Bank
Once again geopolitical uncertainty has had a short-lived impact on the gold market but that doesn ’t mean investors should give up on the precious metal, according to one market analyst.In a telephone interview with Kitco News, Ole Hansen, head of commodity strategy at Saxo Bank, said that he could […]
Gold prices fall following strong rise in October durable goods data
Gold prices remain under pressure falling slightly but still holding critical support above $1,450 an ounce as momentum in the U.S. manufacturing sector rose significantly last month. Wednesday, a U.S. Commerce Department report showed U.S. durable-goods orders increased by 0.6% in October, up from September’s revised 1.4% drop. The headline […]
Chair Jerome Powell: “Fed To Expand Balance Sheet ‘Soon’”
Gold rose to daily highs Markets digested Federal Reserve Chair Jerome Powell’s comments. That the U.S. central bank will start expanding its balance sheet “soon.” December Comex gold futures were last trading at $1,510.10, up 0.38% on the day after briefly touching Tuesday’s high of $1,515 an ounce. Powell remained potentially […]