With a lot of effort, the silver bully reached the 30-mark mark! Gold returns to the 2400 mark
Over $400 million in big orders poured in! Silver has hit a new high in more than 30 years, and will the 50 mark also become something that many have in their pockets?
Express News | Spot gold stood at 2,400 US dollars/ounce, the first time since April 19, and rose nearly 1% during the day.
FXStreet Chief Analyst: Gold is ready to resume its rise! This scene may stimulate the price of gold to break through 2,400 US dollars
In the Asian market on Friday, spot gold maintained a slight rebound trend during the day. The price of gold is currently around 2,379 US dollars/ounce. FXStreet chief analyst Valeria Bednarik pointed out that the price of gold was revised from around 2,400 US dollars/ounce and seemed ready to resume the rise. Gold's goal remains to retest the $2,400/oz area.
Gold Prices Set for Second Weekly Gain on Fed Rate Outlook
GOLD prices held steady on Friday (May 17) and were on track for a second consecutive weekly gain, as recent US economic data prompted traders to raise bets of an interest rate cut from the Federal Reserve later this year.
Gold and silver join hands with platinum to “go wild”! Is the hot market that belongs to them unfinished?
The strategists said there is still room for further growth in gold, silver, and platinum! Precious metals prices rose sharply on Wednesday. The lower than expected CPI inflation data released by the US and the successive increase in the number of initial jobless claims brought back expectations of the Federal Reserve's interest rate cuts.
Is the upward trend continuing? The strategist shouted: Gold and silver will soon reach new highs!
Gold, silver, and platinum have been rising so far this year, and some strategists believe these precious metals will rise further in the coming months.
Commodity prices hit a one-year high to fight inflation and face new threats
Rising raw material prices are hampering central banks' efforts to curb inflation.
Traders: Spot gold is concerned about the 2390-2400 regional resistance
Gold is moving towards the $2,400 level as traders bet that the Federal Reserve may start cutting interest rates earlier than previously anticipated; the gold/silver ratio fell to level 81, causing silver to move towards $30.00; and platinum rose above $1,050.
Gold Prices Edge Lower as Traders Eye US Data for Fed Clues
GOLD prices inched down on Wednesday (May 15) ahead of a key US inflation data that could offer insight into the Federal Reserve’s interest rate trajectory.
Gold market analysis: Before major events unfolded, gold saw a profit settlement
Wang Gang of the Guangdong branch of the Bank of China said that some risk events unfolded later this week. These events include (Federal Reserve Chairman) Powell's speech, and the release of data reflecting inflation, such as the Producer Price Index (PPI), Consumer Price Index (CPI), and retail sales. Investors are eager to see the future interest rate path of the Federal Reserve from this week's US inflation data, thus establishing the next investment direction for gold.
Gold Prices Flat Ahead of Key US Inflation Data
GOLD prices were flat on Tuesday (May 14), as investors awaited key US inflation data that could provide more clues on the Federal Reserve’s policy path.
Gold trading reminder: Bulls are fighting back to the price of gold to “touch” 2400, and this week they are also being tested by US CPI and “scary data”
The price of gold climbed 0.6% last Friday to close at 2360.75 US dollars/ounce, recording the best weekly performance in five weeks. Due to recent weak US employment data, expectations for the Fed to cut interest rates were strengthened, driving the rise in non-yielding gold.
Gold Prices Rise for Their Strongest Week in Six
Gold prices rose on Friday for their strongest week in six, as bets of an interest rate cut from the Federal Reserve again moved into the center stage.
Gold Prices Climb to 3-week Highs as 'Soft' U.S. Data Support Rate Cuts This Year
Gold futures climbed sharply on Friday, looking to tally their first weekly gain in three weeks, as downbeat U.S. economic data supported the likelihood of Federal Reserve interest-rate cuts this year.
After rising more than $60 in two days and returning to a three-week high, why did gold's rise suddenly accelerate?
① Analyst Tim Waterer said that gold regained its appeal this week, mainly due to some weak US macro data; ② Persistent geopolitical risks may continue to support investment in gold.
Gold bulls have just broken out again! Gold prices surged more than 16 US dollars during the day. These factors may trigger a larger gold market
At the end of the Asian session on Friday, spot gold accelerated in the short term. The price of gold had just broken through 2,360 US dollars/ounce, surging more than 16 US dollars during the day. FXStreet analyst Lallalit Srijandorn said that gold traders will pay close attention to the preliminary value of the US University of Michigan consumer confidence index in May, as well as the speeches of Federal Reserve officials Bauman, Goulsby, and Barr.
The price of gold overcomes important resistance! Gold's latest intraday trading analysis: the price of gold may still have room to soar by nearly $45
At the end of the Asian session on Friday, spot gold maintained its intraday upward trend. The price of gold is currently around 2,356 US dollars/ounce, rising more than 10 US dollars during the day. According to Economies.com, the price of gold has broken through the important resistance of $2325.90 per ounce, which opens up room for a further sharp rise in gold prices.
The US Congress has proposed a key bill to completely end federal taxes on gold, silver, and gold bars!
The US Congress introduced a new bill aimed at eliminating all federal income taxes on gold, silver, and gold bars.
Gold market analysis: lack of data, mediocre trading, gold continues to be sorted out slightly
Wang Gang of the Guangdong branch of the Bank of China said that no important economic data was released this week, trading in the gold market was lackluster, the slight rise in the US dollar in the foreign exchange market limited the upward space for gold, and gold continued to be slightly consolidated. The Federal Reserve hopes to maintain the current high interest rate level until it sees that inflation actually falls within the target range, and at the same time has full confidence that the US economy will achieve a soft landing. Everyone wants to keep interest rates high for a longer period of time, then the US dollar is expected to be boosted, while gold will continue to be suppressed.
Gold suddenly soared in the short term! The price of gold rose by more than 10 US dollars during the day. The latest intraday trading analysis of gold
At the end of the Asian market on Thursday, spot gold suddenly rose rapidly in the short term. The price of gold was approaching the 2,320 US dollars/ounce mark and climbed more than 10 US dollars during the day. According to Economies.com, if the price of gold breaks through $2325.90 per ounce, gold will stop being bearish.