Bricks Archives - Page 29 of 34

Gold Prices Set for Continued Volatility as Global Risks and Economic Data Dominate

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, 20231KViews 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, 2023923Views 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

November 9, 20231KViews 0Likes 0Comments

Gold price reaction if oil hits $150 as the World Bank warns? Rich Checkan weighs in

Gold has seen gains of more than $160 in the last month as tensions in the Middle East continue to escalate following the Hamas attack on Israel on October 7. However, if a third player gets involved in the conflict, the gold price will experience a much more dramatic move higher, according to Rich Checkan,…

Gold

November 9, 2023912Views 0Likes 0Comments

Here Is A Look At The Great Unwind As The Economy Tanks

Art Cashin, Head of Floor Operations at UBS: The Equity Bulls’ early attempt to extend their string of plus days is running into a bit more serious trouble than most had assumed. If you recall in the late morning update, we talked about the potential heavy resistance at 4400, while we didn’t actually reach that,…

Gold

November 9, 20231KViews 0Likes 0Comments

Will Fed Chair Jerome Powell Send Gold Prices Higher Or Lower?

After an explosive run that catapulted Gold towards a six-month high of $2,000 an ounce – prices have finally pulled back as trader’s bank windfall profits and get ready to capitalize on the precious metals next big move. There is no denying that these big market moves have presented savvy traders with a series of highly…

Gold

November 6, 20231KViews 0Likes 0Comments

Gold Price Forecast: XAU/USD consolidates near $1,990 amid improved risk appetite

Gold price hovers around $1,990 per troy ounce during the Asian session on Monday, struggling to continue the winning streak. However, the bullion prices improved on expectations that the US Federal Reserve (Fed) may conclude its monetary policy tightening after the subdued employment data from the United States (US). However, Gold prices could experience downward pressure…

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

Gold price reaction if oil hits $150 as the World Bank warns? Rich Checkan weighs in

Here Is A Look At The Great Unwind As The Economy Tanks

Will Fed Chair Jerome Powell Send Gold Prices Higher Or Lower?

Gold Price Forecast: XAU/USD consolidates near $1,990 amid improved risk appetite

Subscribe

Quick Link

Contact Us