A brutal week on Wall Street ends on a positive note, Fed reiterates commitment to restoring price stability, Oil plummets on outlook, Gold lower on strong USD, Bitcoin’s danger zone – OANDA The stock market selloff may have been overdone and exaggerated...
With all the world turmoil, high inflation, war in Ukraine, China rattling their saber, gold has gone up in price. Trading Economics tracks gold prices for the last 12 months. Less than a year ago, gold was just under $1,700/oz. It...
The FOMC finally raised interest rates and signaled six more hikes this year. Despite the very hawkish dot plot, gold went up in initial reaction. There has been no breakthrough in Ukraine. Russian invasion has largely stalled on almost all fronts, so...
Gold has been trading sideways recently, but this won’t last forever – the yellow metal is likely to move downward before continuing its rise. Gold Seems To Be At A Crossroads So, so you think you can tell heaven from hell,...
May was certainly a positive month for the yellow metal. Gold could keep its momentum later this year, but a lot depends on the Fed and inflation. The Rise In Gold Prices We left May in the rearview mirror, and as...
Bitcoin’s popularity and price are rising. However, cryptocurrencies could be seen as complementary, not substitutive to gold. Bitcoin Rally What a rally! Unfortunately, I’m not referring to gold, but to Bitcoin. As the chart below shows, the price of ...
The price of gold increased on Inauguration Day, arousing investors’ hopes for a new bullish phase. Gold Price Increased On Inauguration Day Ladies and gentlemen, it’s official now – Joe Biden and Kamala Harris have been sworn in as the President and ...
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