Gold price needs to break through the $2,000 mark for bulls to reaffirm near-term control
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Gold prices remain firm against the euro as the European Central Bank left interest rates unchanged and said that it remains confident that it can bring inflation down to its 2% target.
Thursday, in a highly anticipated move the ECB left the interest rate on the main refinancing operations and the interest rates on the marginal…
Gold markets have rallied slightly during the trading session on Thursday, as we are trying to get to the $2000 level. If we can break above that level, then it’s possible that we could go looking to the $2050 level. All things being equal, this is a market that certainly looks as if it is…
Gold is currently trading close to its record high, at $1,985/oz, having risen steadily since the start of the Israel-Hamas war on 7 October. The traditional real asset inflation-hedge remains a favoured investment in times of geopolitical volatility — as it can act to preserve purchasing power through inflationary periods and also hedge against falling equities.
For…
Gold has established itself as a store of value for thousands of years; however, the London Bullion Market Association says it faces further work to establish it as an important financial asset within the larger global marketplace.
After helping bullion banks avoid a funding crisis because of Basel III regulation, the LBMA said they are now…
Gold price snaps the losing streak, trading higher around $1,970 per troy ounce during the Asian session on Wednesday. The price of the precious metal receives upward support due to the stable US Dollar (USD) post-trimming recent losses.
Moreover, being a non-interest-bearing asset, the opportunity cost of holding Gold eases, which could be attributed to the downbeat…
silver maintains bullish bias