Bricks Archives - Page 28 of 33

November 22, 2023679Views 0Likes 0Comments

Gold prices trying to hold $2,000 level as the Federal Reserve signals interest rates will remain in restrictive territory

The gold market is off its highs and struggling to hold above $2,000 an ounce as the Federal Reserve signals it will keep interest rates in restrictive territory for the foreseeable future. According to the minutes from the central bank's November monetary policy meeting, the Federal Reserve is maintaining a slight tightening bias. Although the Fed…

Gold

November 21, 2023658Views 0Likes 0Comments

XAU/USD holds positive ground near $1,980, eyes on FOMC Meeting Minutes

Gold price (XAU/USD) snaps the two-day losing streak during the early Asian trading hours on Tuesday. The lower US Treasury yields weigh on the Greenback and lift the USD-denominated gold. On a quiet day in terms of US economic data, traders await the Federal Open Market Committee (FOMC) Meeting Minutes on Tuesday, which might offer…

Gold

November 20, 2023662Views 0Likes 0Comments

Available Physical Gold Is Disappearing Off The Market

As the price of gold trades close to the psychologically important $2,000 level, it appears available physical gold is disappearing off the market. This may fuel the price of gold to new all-time highs. November 18 Alasdair Macleod: As far as bond yields are concerned I can see that US Treasury yields may be drifting lower with…

Gold

November 20, 2023600Views 0Likes 0Comments

Dutch Central Bank Admits It Has Prepared for a New Gold Standard

In a recent interview the Dutch central bank (DNB) shares it has equalized its gold reserves, relative to GDP, to other countries in the eurozone and outside of Europe. This has been a political decision. If there is a financial crisis the gold price will skyrocket, and official gold reserves can be used to underpin a…

Gold

November 16, 2023551Views 0Likes 0Comments

Gold prices holding gains as U.S. PPI drops 0.5%, sees biggest decline since April 2020

The gold market is holding on to solid gains but is seeing little reaction as inflation looks to have peaked following a sharp decline in wholesale prices. Wednesday, the U.S. Labor Department said its Producer Price Index (PPI) dropped 0.5% last month following September's revised increase of 0.4%. According to consensus forecasts, the data was significantly…

Gold

November 15, 2023592Views 0Likes 0Comments

CPI causes drop in dollar taking gold higher

Inflation vis-à-vis the CPI (Consumer Price Index) came in unchanged when compared to the previous month. This provides the Federal Reserve with more data that could slow the oncoming of further rate hikes. The CPI increased 3.2% year-over-year; however, the inflation report came in under expectations of Wall Street projections. The core CPI (excludes food and…

Silver

November 9, 2023490Views 0Likes 0Comments

Silver Price Forecast – Silver Bounces After Initial Drop

Silver fell to kick off the trading session on Wednesday, only to turn around and bounce a bit by the time the Americans got on board. In doing so, it shows that the bottom of the potential bullish flag is trying to hold. Silver Markets Technical Analysis: Silver fell to kick off the trading session on…

Gold prices trying to hold $2,000 level as the Federal Reserve signals interest rates will remain in restrictive territory

XAU/USD holds positive ground near $1,980, eyes on FOMC Meeting Minutes

Available Physical Gold Is Disappearing Off The Market

Dutch Central Bank Admits It Has Prepared for a New Gold Standard

Gold prices holding gains as U.S. PPI drops 0.5%, sees biggest decline since April 2020

CPI causes drop in dollar taking gold higher

Silver Price Forecast – Silver Bounces After Initial Drop

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