Platinum Archives - Page 46 of 57

A decline in the dollar of today’s magnitude often coincides with major bottoms for gold. That perfectly aligns with the metal gearing up to break out from a historical triple top. Significant decline for DXY in the coming months. Gold to approx. $2,600-2,700 by March 2024 ?

Gold

November 16, 2023395Views 0Likes 0Comments

Gold prices holding gains as U.S. PPI drops 0.5%, sees biggest decline since April 2020

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, 2023438Views 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…

Gold

November 15, 2023486Views 0Likes 0Comments

Gold prices can run $700 higher as the U.S. faces a debt spiral – Jess Felder

The U.S. economy is on the brink of a significant debt spiral, which will drive gold prices significantly higher in the next few quarters, according to one market strategist. In a recent interview with Kitco News, Jess Felder, creator of the Felder Report, said the Federal Reserve is desperate to make sure financial markets remain confident…

Silver

November 14, 2023573Views 0Likes 0Comments

Platinum price continues to decline

Platinum price confirmed keeping the main bearish track to notice crawling below 61.8% Fibonacci correction level at 855.00, to approach the next negative target at 837.00. The main stability within the bearish channel and the continuous negative momentum coming by the major indicators allow us to suggest more negative trades, to expect targeting 828.00 level soon,…

Gold

November 14, 2023513Views 0Likes 0Comments

How Will Gold Price, EUR/USD, Nasdaq 100 React to CPI Data?

The U.S. Bureau of Labor Statistics will release consumer price index numbers on Tuesday morning. With the Federal Reserve hypersensitive to incoming information and cognizant of upside inflation risks, the latest CPI report will carry additional weight in the eyes of financial markets. This could mean more volatility for gold prices, EUR/USD, and the Nasdaq…

Gold

November 13, 2023383Views 0Likes 0Comments

Japan’s urban mining boom picks up as gold prices rise

With gold surging in price, efforts to extract the precious metal from used circuit boards and other electronic waste are ramping up in Japan. Japan has little in the way of natural resources. But it is considered one of the most promising markets for urban mining: turning discarded electronics into a source of gold as well…

Very interesting Dollar to Gold setup.

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

Gold prices can run $700 higher as the U.S. faces a debt spiral – Jess Felder

Platinum price continues to decline

How Will Gold Price, EUR/USD, Nasdaq 100 React to CPI Data?

Japan’s urban mining boom picks up as gold prices rise

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