Tag: precious metal
Commodities Insight!
Market volatility and the spike in risk aversion have continued to benefit Gold, while weighing on Oil prices. Bullion is still flirting with the $2,000 mark. The Fed may have…
Read More »What a Day!!
It is a rough opening to Wall Street amid the chaos and fear emanating from the failure of SVB and Signature Bank. Financials are weighing heavily with weakness across the…
Read More »Gold After 5 Central Banks
The FOMC, ECB, BoE, SNB and Norges Bank are out of the way, leaving the markets digesting the tightening announcements as we move to the year’s end. The SNB, ECB…
Read More »Commodities At Dead End?
Oil prices have backed up after reports that OPEC+ may consider output increases at the December 4 meeting were denied. More precisely, Saudi denied oil output hike discussion, and clarified…
Read More »Gold Price Forecast: XAU/USD begins NFP week without major surprises around $1,950
Gold (XAU/USD) ended the last week on a flat note despite remaining subdued in the initial sessions. The precious metal slipped near a low of $1,910 l
Read More »Gold Price Forecast: XAU/USD awaits a pullback near $1,930 on a minor rebound in DXY
Gold (XAU/USD) witnessed a juggernaut upside move from the recent lows of $1,895.15 on Wednesday. The precious metal bounced sharply after the Federal
Read More »Recap February 13: SpaceX satellites destroyed by Sun, Tesla Superchargers Robbed, Food Prices EXPLODE (Recap Ep162)
In this week’s recap, the main topics were the concerns over a swift tightening of financial conditions increased around the world with multi-decade high inflation, also the fresh geopolitical anxiety…
Read More »Gold Price Analysis: XAU/USD prepares for a technical breakout eyeing $1800
Gold has continued to drop from January highs around $1,950 amid a stronger US dollar. The precious metal has sustained price action in a descending p
Read More »The Bitcoin Story
Bitcoin posted several record highs this week, with the latest being a spike at $52,847 (prices vary depending on which exchange data is being used). The gain on the year…
Read More »Gold Price Analysis: XAU/USD risks freefall to $1,700 area
Gold has continued to struggle amid a stronger US dollar. The precious metal has generally sustained a downtrend within an ascending parallel channel
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