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👤Lisa Harris
🕔September 6, 2016
- Gloomy USD outlook boosts Silver
Silver prices received a major boost from a fresh dip in the price of the US dollar after a weaker than forecasted US ISM non-manufacturing data. After suffering pinned down trading activity through most of Monday’s sessions, silver settled around the $19.60 level on Tuesday during the Asian and European trading sessions as a weak dollar dampened the chances of more bearish activities with a very bright near term outlook due to silver’s recent ability to safely hold support levels.…
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👤Isaac Ndegwa
🕔September 6, 2016
A very shaky outlook on interest rate expectations has made many hedge funds to abort their bullish bets on gold and silver to 2 month lows. Data from the Commodity Futures Trading Commission now shows that there have been a great decreases on the gross long positions on the Comex gold futures.…
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👤Arthur Greene
🕔August 22, 2016
Gold futures today slumped to a 2-year low on the trail of comments made by a senior member of the Federal Reserve, the Fed Vice Chairman Stanley Fischer. Spot gold prices orbited around $1,333.40 an ounce in most of today’s trading session after the Fed Vice Chairman spoke to a conference in Aspen, Colorado on Sunday, where he stated that an interest rates hike this year was still much in the picture and that there would be a major upswing in the US economic growth.…
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👤Lisa Harris
🕔July 20, 2016
- Gold appears stalled by economic indecisiveness
- Is Gold an autonomous asset?
After a pullback in US stocks helped to support the demand for Gold, it climbed higher on Tuesday reaching its highest level in weeks. Gold has generally managed to maintain an uptrend when we look at the big picture, but lately it has also benefited from the failure of stocks.…
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Gold Prices Wither on Fed Comments
👤Arthur Greene 🕔August 22, 2016Gold futures today slumped to a 2-year low on the trail of comments made by a senior member of the Federal Reserve, the Fed Vice Chairman Stanley Fischer. Spot gold prices orbited around $1,333.40 an ounce in most of today’s trading session after the Fed Vice Chairman spoke to a conference in Aspen, Colorado on Sunday, where he stated that an interest rates hike this year was still much in the picture and that there would be a major upswing in the US economic growth.…
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