Tuesday, March 12, 2024

Gold Price News: Gold Closes in on $2,200 an Ounce Level

Gold Price News: Gold Closes in on $2,200 an Ounce Level: Gold Price News: Gold Closes in on $2,200 an Ounce Level Gold prices extended their recent gains on Friday to cap a particularly bullish week in which prices notched up fresh all-time highs. Prices ra...

Monday, October 23, 2023

Another one bites the dust: gold price hits a record high against Aussi dollar

Another one bites the dust: gold price hits a record high against Aussi dollar: Another one bites the dust: gold price hits a record high against Aussi dollar The gold market continues to attract attention as prices push back to $2,000 an ounce, with many analysts now saying that...

Thursday, July 20, 2023

There is a reasonable probability the Fed will conclude its rate hikes this month

There is a reasonable probability the Fed will conclude its rate hikes this month: There is a reasonable probability the Fed will conclude its rate hikes this month The CME Fed watch tool is predicting that there is a 99.8% probability that the Federal Reserve will implement a ¼% r...

Thursday, April 6, 2023

Gold futures consolidate forming a base at recent highs above $2030

Gold futures consolidate forming a base at recent highs above $2030: Gold futures consolidate forming a base at recent highs above $2030 The solid breakout that moved gold futures above $2000 to a high of $2043 yesterday, and $2049.20 today indicates a new level of sup...

Tuesday, December 27, 2022

Gold futures remain above $1800 as spot gold still attempts to breach that key level

Gold futures remain above $1800 as spot gold still attempts to breach that key level: Gold futures remain above $1800 as spot gold still attempts to breach that key level As of 4:55 PM EST gold futures basis, the most active February 2023 contract is fixed at $1805.90 after factoring i...

Tuesday, August 30, 2022

Modest gains for gold on short covering, mild safe-haven demand

Modest gains for gold on short covering, mild safe-haven demand: Modest gains for gold on short covering, mild safe-haven demand Gold prices are slightly up at midday Monday, on some short covering in the futures market and some tepid safe-haven demand in cash and ...

Thursday, May 19, 2022

Gold recovers early losses as U.S. stock market melts down

Gold recovers early losses as U.S. stock market melts down: Gold recovers early losses as U.S. stock market melts down Gold prices are up a bit at midday Wednesday. The yellow metal recovered moderate early losses as some safe-haven demand surfaced amid a big ...