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Gold Price Remains On Tenterhooks With Eyes On Fed Policy Decision
Article By:
FXStreet
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Wednesday, May 1, 2024 7:41 AM EDT
Gold trades close to a more than three-week low around $2,285 in Wednesday’s European session. The precious metal weakens as the USD and bond yields strengthen amid speculation that the Fed will maintain a restrictive interest rate environment.
Visualizing Global Gold Production In 2023
Article By:
Jeff Desjardins
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Wednesday, May 1, 2024 6:17 AM EDT
Over 3,000 tons of gold were produced globally in 2023. China was the top producer in 2023, responsible for over 12% of total global production, followed by Australia and Russia.
In this article: GLD
Gold’s Persistent Bullish Phases Mark A Century Of Growth
Article By:
Muhammad Umair, PhD
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Wednesday, May 1, 2024 6:02 AM EDT
Gold has long been revered for its aesthetic allure and as a hedge against economic uncertainties. Recently, the gold market started to correct lower. This is due to seasonal adjustments and an overbought condition noted in weekly and daily charts.
In this article: GLD
Copper Prices Retreat From Two-Year High Of $10,208 A Ton Amid Cautious Chinese Demand
Article By:
Invezz
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Wednesday, May 1, 2024 5:53 AM EDT
Despite a brief surge that saw copper reach a two-year high of $10,208. Despite a brief surge that saw copper reach a two-year high of $10,208, prices dropped to $10,100.50. Investors remain bullish on copper's long-term demand prospects.
In this article: COPX
Silver Price Analysis: XAG/USD Plunges Over 3%, Back Beneath $27.00
Article By:
Christian Borjon Valencia
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Tuesday, April 30, 2024 9:20 PM EDT
Silver's price dropped sharply late in the North American session, as the Greenback staged a comeback bolstered by the rise in US Treasury yields.
Gold And Silver Show The Way
Article By:
Przemyslaw Radomski, CFA
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Tuesday, April 30, 2024 10:33 AM EDT
Consolidations, pauses, and breathers are the same thing (their length differs) and they serve one purpose – to cool down people’s emotions and prepare them for the next moves.
Could The Shift Of Gold West To East Set The Stage For A New Gold-Backed Currency?
Article By:
Stefan Gleason
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Tuesday, April 30, 2024 10:21 AM EDT
Could the movement of gold from West to East set the stage for a gold-backed currency?
Some analysts think that might be the case.
And if that is the direction the world is heading, it would be disastrous for the U.S. dollar.
Analytical Overview Of The Main Currency Pairs - Tuesday, April 30
Article By:
JustMarkets
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Tuesday, April 30, 2024 4:05 AM EDT
Consumer prices are expected to be unchanged from last month. In Germany, Europe's largest economy, the National Consumer Price Index was unchanged at 2.2% in April, slightly below forecasts of 2.3%. In addition, Spain's inflation rose to 3.3%,
Massive Bull Market Is Underway In Gold Stocks
Video By:
Jordan Roy-Byrne
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Monday, April 29, 2024 11:40 PM EDT
In this video, we list 6 important points about gold stocks and their nominal and relative performance and we provide charts highlighting how gold stocks follow the inflation-adjusted price of Gold and outperform Gold after Gold price breakouts.
Silver Price Analysis: XAG/USD Dips Slightly, Remains Bullish Above $27.00
Article By:
Christian Borjon Valencia
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Monday, April 29, 2024 8:15 PM EDT
Silver's price edged down late during Monday’s North American session. It lost some 0.10% after reaching a daily high of $27.43 hit during the North American session.
Gold – Consolidation Triangle Rather Suggests Continuation Of The Rally
Article By:
Florian Grummes
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Monday, April 29, 2024 6:29 PM EDT
While the weekly chart remains bullish, the reversal signals are increasing somewhat.
In this article: GLD