bitcoin Archives - Page 19 of 26

Gold price gains positive traction for the sixth straight day and refreshes its multi-month top. Dovish Fed expectations, falling US bond yields and a bearish USD continue to lend support. The overbought RSI on the daily chart warrants caution before placing fresh bullish bets. Gold price (XAU/USD) builds on this week's breakout momentum through the $2,008-2,010 horizontal barrier…

Gold

November 29, 20231KViews 0Likes 0Comments

At its current pace gold could hit new all-time highs in 10 days according to MKS’ Nicky Shiels

The gold market has moved within striking distance of a critical long-term resistance point, and according to one market analyst, there has been no clear catalyst behind this new push. In a note Tuesday, Nicky Shiels, head of metals strategy at MKS PAMP, said that if gold’s technical momentum remains at the current pace, prices could…

Gold

November 29, 2023997Views 0Likes 0Comments

Chinese Investors Turning to Gold

Chinese investors are turning to gold. China Daily called the demand for gold “robust” through the first three quarters of 2023 and said it is expected to continue “as economic and geopolitical uncertainties may drive up investors’ purchases of safe-haven assets.” China ranks as the world’s biggest gold market, and Chinese demand has a significant impact on…

Gold

November 29, 20231KViews 0Likes 0Comments

Gold will shine in summer, oil shock could send spot prices above $2,400/oz – Bank of America

Steel will be the strongest trade in the first quarter of 2024, and base metals will rally during the second half of the year, but summer will be gold’s time to shine, according to metals strategists at Bank of America. In their recently published Metals and Mining Outlook for 2024, the BofA analysts said that while the war…

Gold

November 28, 20231KViews 0Likes 0Comments

The Financial System has Reached The End

The world is now witnessing the end of a currency and financial system which the Chinese already forecast in 1971 after Nixon closed the gold window. Again, remember von Mises words: “There is no means of avoiding the final collapse of a boom brought about by credit expansion.” History tells us that we have now reached the…

Gold

November 28, 20231KViews 0Likes 0Comments

Goldman says ‘shine is returning’ for gold as investors ramp up bets on rate cuts

Gold prices on Monday rose to a more than six-month high as the U.S. dollar weakened and investors firmed up bets that the Federal Reserve is done with interest rate hikes. Spot gold was up 0.52% at $2,012.39 per ounce at 1:47 p.m. London time, but reached a May 16 high of $2,017.82 earlier in the…

Gold

November 28, 20231KViews 0Likes 0Comments

Gold, silver hit multi-week highs on weak USDX, bullish charts

Gold and silver prices are moderately higher near midday Monday, but down from their daily highs. February gold hit a four-week high and March silver a three-month high today. The precious metals are seeing buying support from a slumping U.S. dollar index that is trading near last week's three-month low. The technical postures for both metals…

Gold price advances to multi-month top as Fed rate cut bets continue to weigh on USD

At its current pace gold could hit new all-time highs in 10 days according to MKS’ Nicky Shiels

Chinese Investors Turning to Gold

Gold will shine in summer, oil shock could send spot prices above $2,400/oz – Bank of America

The Financial System has Reached The End

Goldman says ‘shine is returning’ for gold as investors ramp up bets on rate cuts

Gold, silver hit multi-week highs on weak USDX, bullish charts

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