Gold has benefitted from the classic risk-off moves in global markets this week. However, gold bugs will be wary of the Fed’s dogged resolve to combat inflation with even more rate hikes, threatening to send Treasury yields even higher.
20 May 11:41
Spot gold is seeing some slight reprieve before the weekend as King Dollar moderates after Fed Chair Powell once again resisted against the idea of a 75 basis point hike.
13 May 12:23
The unrelenting rise in US Treasury yields and the dollar has dragged gold below the psychologically-important $1900 level, with spot prices now languishing below its 100-day moving average and a key Fibonacci level. Gold was unable to capitalize on Fed Chair Powell’s less-hawkish than expected message this week, with bullion bulls aware that US rates are bound to rise anyway, just not likely by way of a 75 basis point hike.
6 May 12:47
Exchange prices for nickel on Thursday reached 11-year highs at $27,970. Metal prices have been on the rise over the past few days, but today the uptrend picked up.
3 March 18:00
The suspension of cargo transport from and to Russia by three of the world's largest transportation companies has triggered an uptrend in industrial metal prices. As a result, Nickel soared to $25,705, an all-time high. Aluminum surged to $3,564, which is also a new peak.
2 March 14:38
Gold is trading in close proximity to $1,900/oz on Monday morning, although there is no lack of risks facing global capital markets. Investors may have opted for profit-taking earlier amid a rise in the value of the precious metal. In addition, a new wave of USD strength is currently putting pressure on gold prices.
28 February 11:45
Gold prices retraced on Thursday to an eight-month high of $1,893.60/oz. The bulk of trading is currently focused in the vicinity of $1,887, but the outlook appears quite conducive to ongoing momentum.
17 February 13:14
Aluminum prices have reverted to a correction and look poised for the resumption of gains. The metal is currently trading at $3,202 after returning to last week's peak at $3,333. The technical picture for aluminum trading suggests an upward retracement to a target of $3,500.
14 February 16:02
Gold prices are trending higher for the ninth session in a row following a short breather. By the time of writing, price action reached $1,828 and may continue to rise. The next target for gold is at $1,853, a high since January 25.
9 February 14:22
Aluminum prices are on the rise and look set to soar back up to the October peaks. The metal is currently trading at $3,191, and the next upside target is $3,229.
8 February 15:25
Gold prices stabilized on Wednesday around $1,803/oz. Notably, all the commotion surrounding Fed speakers in January and subsequent market reactions has faded.
2 February 14:34
Gold prices on Wednesday have been consolidating around $1,846/oz, which points to strong performance. Gold enjoys demand as a safe haven asset during market fluctuations. Right now, global investors need defensive assets as a hedge against shifting sentiment on global trading floors. US equity benchmarks have experienced sharp selloffs, with the S&P 500 index retracing to 6-month lows. It therefore makes sense that the markets are rotating back into gold.
26 January 11:08
Yesterday gold prices reached a two-month high of $1,841/oz. The precious metal got a boost from a pullback in the US dollar amid retreating UST yields. As a result, investors’ interest in gold is on the rise.
20 January 14:46
Silver prices are on the rise for a second day. The price action hit a two-month high of $23.84/oz and could keep moving higher. The technical picture does not rule out the possibility of a leg up to $25.40, but the metal would have to gain a foothold above $24/oz in order for this to happen.
19 January 14:39
Over the past few sessions, gold prices have been consolidating in the range of $1,812-1,828, but today the precious metal is in retreat, trading down to $1,816.50 amid bearish sentiment.
18 January 13:51
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