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Gold Price reconquered $2,510
Dollar Gold Platinum Silver
December 13, 2023416Views0Likes0Comments

Gold prices need to hold support at $2,010 as U.S. CPI hold steady, rising 3.1% in November

The gold market is trying to hold critical support around $2,010 an ounce as inflation pressures remain relatively unchanged from last month and in line with expectations. Tuesday, the U.S. Labor Department said its Consumer Price Index rose 0.1% last month, following an unchanged reading in October. The data was slightly hotter than expected, as economists…

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Dollar Gold Platinum Silver
December 12, 2023477Views0Likes0Comments

Gold, silver down amid bearish daily outside markets

Gold and silver prices are down near midday U.S. trading Monday. A firmer U.S. dollar index and a slight rise in U.S. Treasury yields to start the trading week are bearish outside market forces for the metals markets. Both metals have also seen their near-term chart postures deteriorate recently, especially in silver. That’s inviting fresh technical selling. Gold…

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Silver
December 11, 2023613Views0Likes0Comments

Silver Shortage: A Closer Look at Market Dynamics Heading Into 2024

Recent reports from the Silver Institute have sent ripples through the market. Let’s simplify the complexities, focus on key takeaways and what it might mean for the silver market and silver price price going forward. Understanding the Shifts The Silver Institute’s update (pdf) reveals a decrease in total silver supply due to production losses at major mines, notably the Penasquito mine. On…

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