Gold supply Archives - Page 85 of 94

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, 2023915Views 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 9, 2023910Views 0Likes 0Comments

China continues to buy gold

The latest data on China’s foreign exchange reserves, issued late last week, showed the country bought a further 23 tonnes of the metal in October, marking the 12th successive month of active gold purchases. This took China’s reported gold reserves to a total of 2,215 tonnes, an increase of 204 tonnes since the beginning of…

Gold

November 8, 20231KViews 0Likes 0Comments

Gold, Silver Price Forecast: XAU/USD & XAG/USD May Get Boost from Macro Trends

Gold and silver have declined over the past couple of weeks as the geopolitical premium built up in both metals after the Hamas terrorist attacks on Israel early last month have started to unwind. This is because the situation in the Middle East, while still tragic, has not degenerated into a wider conflict involving other…

Silver

November 7, 20231KViews 0Likes 0Comments

Silver price surpasses the resistance

Silver price rallied upwards clearly in the previous sessions to breach 23.00 and settles above it, to head towards achieving expected gains in the upcoming sessions, on its way to visit 23.70 mainly. Moving above the EMA50 supports the chances of achieving the expected rise, noting that breaking 23.00 and holding below it again will reactivate…