Gold price Archives - Page 198 of 215

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…

Dollar Gold Platinum Silver

December 13, 2023955Views 0Likes 0Comments

Gold Price Forecast: XAU/USD under pressure, sellers defend $2,000

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…

Dollar Gold Platinum Silver

December 13, 20231KViews 0Likes 0Comments

Gold Price Inching Back To $2000 After US Inflation Data

As the economy has a direct connection to trader activity, the Gold price has been inching back to $2000 following the release of US inflation data. Currently, the metal is trading around the $1980 range, while reaching a daily high of $1998. Subsequently, the journey to break through the $2000 threshold will arrive after a…

Dollar Gold

December 12, 2023780Views 0Likes 0Comments

XAU/USD extends backslide, markets gear up for Fed rate call

XAU/USD continues decline that started last Friday, sheds $2,000. Markets are coiling up in preparation for another round of US inflation, Fed rate call. Fed interest rate forecast 'dot plot' to drive market momentum into the midweek. Spot Gold saw further declines on Monday, slipping back below the $2,000 handle to ease into the $1,980 neighborhood as markets…

Dollar Gold Platinum Silver

December 12, 20231KViews 0Likes 0Comments

Gold, silver down amid bearish daily outside markets

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…

Gold

December 12, 20231KViews 0Likes 0Comments

The clearest, biggest, and most important reversal in 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…

Gold

December 11, 20231KViews 0Likes 0Comments

Gold bull market is just getting started, silver has even greater upside, and Bitcoin ETFs will flop – Peter Schiff

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 prices need to hold support at $2,010 as U.S. CPI hold steady, rising 3.1% in November

Gold Price Forecast: XAU/USD under pressure, sellers defend $2,000

Gold Price Inching Back To $2000 After US Inflation Data

XAU/USD extends backslide, markets gear up for Fed rate call

Gold, silver down amid bearish daily outside markets

The clearest, biggest, and most important reversal in gold

Gold bull market is just getting started, silver has even greater upside, and Bitcoin ETFs will flop – Peter Schiff

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