Silver Archives - Page 40 of 52

Gold prices on Monday rose to a more than six-month high as the U.S. dollar weakened and investors firmed up bets that the Federal Reserve is done with interest rate hikes. Spot gold was up 0.52% at $2,012.39 per ounce at 1:47 p.m. London time, but reached a May 16 high of $2,017.82 earlier in the…

Gold

November 28, 2023489Views 0Likes 0Comments

Gold, silver hit multi-week highs on weak USDX, bullish charts

Gold and silver prices are moderately higher near midday Monday, but down from their daily highs. February gold hit a four-week high and March silver a three-month high today. The precious metals are seeing buying support from a slumping U.S. dollar index that is trading near last week's three-month low. The technical postures for both metals…

Gold

November 27, 2023344Views 0Likes 0Comments

XAU/USD climbs above $2,000 on the weaker Dollar, focus on the US GDP, PCE data

Gold price (XAU/USD) holds above $2,000 during the early Asian trading hours on Monday. Yellow metal's rally is fueled by expectations that the US Federal Reserve (Fed) would not raise the interest rate further. At press time, the gold price is trading near $2,001, losing 0.04% on the day. Meanwhile, the US Dollar Index (DXY), an…

Gold

November 24, 2023370Views 0Likes 0Comments

Gold prices below $2,000, but seasonals remain favorable

Although gold remains stuck below $2,000 an ounce, some analysts remain optimistic that all-time highs are an achievable target by year-end or into the new year. In quiet holiday trading, spot gold prices have stabilized Thursday at an elevated level, last trading at $1,992.20 an ounce, up 0.15% on the day. Analysts are not expecting to see much of a rally…

FED Gold Platinum Silver

November 23, 2023498Views 0Likes 0Comments

Industrial Demand for Platinum Driving Significant Supply Shortfall

Gold

November 23, 2023431Views 0Likes 0Comments

Gold prices are headed for all-time highs and could eventually hit $2,500, Fundstrat says

Gold prices are headed for all-time highs, according to Fundstrat's Mark Newton. A move above $2,009.41 per ounce should lead to the $2,060-$2,080 range, he said in a note. The technical analyst also has an "intermediate target" for gold to reach $2,500. This Thanksgiving may call for a feast on gold as prices push towards all-time highs, according…

Gold

November 22, 2023457Views 0Likes 0Comments

Gold Price Forecast: XAU/USD soars to $2000 as US yields decline, eyes on FOMC

In Tuesday's trading session, the Gold spot price XAU/USD experienced a remarkable surge, breaking the $2,000 barrier and seeing a 1.40% increase. This notable performance was primarily driven by the downdraft in US yields, often seen as the opportunity cost of holding non-yielding metals and by a weak US dollar. Today’s highlight will be the Federal…

Goldman says ‘shine is returning’ for gold as investors ramp up bets on rate cuts

Gold, silver hit multi-week highs on weak USDX, bullish charts

XAU/USD climbs above $2,000 on the weaker Dollar, focus on the US GDP, PCE data

Gold prices below $2,000, but seasonals remain favorable

Industrial Demand for Platinum Driving Significant Supply Shortfall

Gold prices are headed for all-time highs and could eventually hit $2,500, Fundstrat says

Gold Price Forecast: XAU/USD soars to $2000 as US yields decline, eyes on FOMC

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