Gold price has much more upside than downside risk
- Gold
- Platinum
- Silver
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…
The US Core Consumer Price Index held steady at 4% YoY in November.
The Federal Reserve will announce its decision on monetary policy on Wednesday.
XAU/USD is poised to extend its decline in the near term, caution prevails ahead of Fed.
Gold prices changed little on Tuesday, with XAU/USD hovering around $1,980.00. The US Dollar…
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…
The bigger the size of a given formation and the clearer it is, the more important the implications are.
Last week’s reversal in gold was enormous. Gold started the week by soaring to new all-time (nominal only, but still) highs, which was almost immediately followed by a move back down. And what a decline that was!
Gold’s…
While gold has backed well off the all-time highs it set two days ago and Bitcoin has stolen the spotlight, the real bull market for gold and silver is only just beginning, according to Peter Schiff, founder of Schiff Gold and Chief Market Strategist of Euro Pacific Asset Management.
“A lot of people are taking this to mean…
Gold hits new high
Gold prices have soared to record highs this month, with futures trading above $2,100/oz for the second time in history and even reaching $2,150 in intraday trading to mark the highest price in recorded history. This unprecedented price action in the gold market has significant implications for various financial markets, including stocks,…