Platinum Archives - Page 55 of 56

The US dollar is drifting lower in early trade as US yields slip, but the greenback’s technical outlook remains bullish for now. All eyes now are on Friday’s US Jobs Report. Longer-dated US Treasury yields remain elevated but have given back a few basis points today after this week’s sharp rise. The supply/demand imbalance seen in longer-dated USTs…

Gold Silver

October 4, 2023489Views 0Likes 0Comments

Commodities are struggling now, but the lack of supply will drive long-term prices higher, gold, copper and silver to shine

Rising bond yields and bullish momentum in the U.S. dollar continue to weigh on broad commodity prices; however, despite the lackluster price action, one investment bank says that emerging global economic trends mean investors should hold copper, gold and silver in their portfolio. In a recent interview with Kitco News, Robert Minter, director of ETF Investment Strategy at abrdn, said…

Gold

October 4, 2023633Views 0Likes 0Comments

Gold Price Forecast: XAU/USD moves closer to $1,800 amid risk-off flows

Risk-off flows dominated financial markets on Tuesday, with the US Dollar appreciating further against most major rivals. XAU/USD fell to $1,815.19, its lowest since early March, as investors fear additional rate hikes in the US. On the one hand, different Federal Reserve (Fed) officials remarked on Monday that inflation remains too high and repeated at least one more…

Gold

October 3, 2023455Views 0Likes 0Comments

137 Trillion Reasons To Own Gold

The FOMC and the Bank of England stood pat on interest rates this week. Following the FOMC’s decision, gold and silver fell on the back of its hawkish statement before recovering slightly. In Europe this morning, gold was $1926 up a net $2 from last Friday’s close. Silver fared much better at $23.68, up 65…

Gold

October 3, 2023449Views 0Likes 0Comments

Gold bulls can look forward to a bright future despite headwinds – Heraeus

Even as markets watch gold prices fall into the low 1830s as the fourth quarter gets underway, interest rate history favors gold bugs in the medium and long term, according to the latest precious metals report from Heraeus. “The gold price tends to rise following the first cut of US interest rate cycles,” the analysts write.…

Gold

September 29, 2023446Views 0Likes 0Comments

Gold’s selloff doesn’t change the long-term bullish outlook – Saxo Bank

The gold market has room to fall further and even test support at $1,800 an ounce after falling below $1,900 for the first time since March; however, any short-term weakness does not change the long-term fundamental bullish outlook for the precious metal, according to one market analyst. In an interview with Kitco News, Ole Hansen, head of commodity…

Gold Silver

September 29, 2023363Views 0Likes 0Comments

DSI Says Gold and Silver to Bottom Soon, Dollar to Top Soon

Longtime readers of 321Gold know I am a giant fan of the Daily Sentiment Indicator put out by Jake Bernstein. The DSI is sending out important signals such as bonds, the dollar, gold, silver, the Euro, the Swiss Franc, British Pound, Yen and the Aussie Dollar. Basically when readings go below 10 you are near a major…

Gold and Silver Latest Outlooks – Treading Water as US Jobs Report (NFP) Looms Large

Commodities are struggling now, but the lack of supply will drive long-term prices higher, gold, copper and silver to shine

Gold Price Forecast: XAU/USD moves closer to $1,800 amid risk-off flows

137 Trillion Reasons To Own Gold

Gold bulls can look forward to a bright future despite headwinds – Heraeus

Gold’s selloff doesn’t change the long-term bullish outlook – Saxo Bank

DSI Says Gold and Silver to Bottom Soon, Dollar to Top Soon

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