Market Hive

Why did gold price just plunge 70?

Why did gold price just plunge $70? As markets digested all of the Federal Reserve's hawkish signals, gold tumbled $70 from its two-month highs. Here's a look at Kitco's top three stories of the week: 3. Fed's Powell says inflation 'is slightly worse' than in December, signals March rate hike. 2. The International Monetary Fund cut its global growth outlook for 2022 to 4.4%. The U.S. and China saw the most significant downward revisions. 1. Goldman Sachs is long gold.…

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Gold’s strong decline results in a high probability of a death cross forming

Gold's strong decline results in a high probability of a death cross forming Gold has declined dramatically this week opening at approximately $1841 on Monday, with the February 2022 Comex contract currently fixed at $1790.10. Gold declined by three dollars today taking the weekly price decline two $50.90. If you factor in the highest value gold traded which occurred on Tuesday at $1854 to today's low it equals a $78 differential between the highest and lowest price gold traded to…

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Gold is insurance against a hawkish Fed policy mistake

Gold is insurance against a hawkish Fed policy mistake I hope all the gold investors out there are wearing their seatbelts because if this past week is any indication, the price action is going to continue to be a bumpy ride. Gold bulls were once again caught on the back foot as the Federal Reserve struck a hawkish tone on Wednesday, setting the stage for a rate hike in March and a reduction of its bloated balance sheet before the…

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Gold price remains near 1800 following 38 drop in US pending home sales

Gold price remains near $1,800 following 3.8% drop in U.S. pending home sales The gold market remains solidly in negative territory and can’t find any bullish traction even as fewer U.S. consumers start the process of buying a home, according to the latest data from National Association of Realtors (NAR). U.S. pending home sales dropped 3.8% in December, following November’s drop of 2.2%, the NAR said on Thursday. The data was much worse than expected as consensus forecasts called for…

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Gold is hit hard even though the Fed’s updated monetary policy came in as expected

Gold is hit hard even though the Fed's updated monetary policy came in as expected The FOMC meeting concluded today and as many expected, extreme volatility came into both the U.S. equities markets as well as gold. What was unexpected was the statement released by the Federal Reserve and how gold reacted to their updated monetary policy. Clearly, market participants had not factored in analysts' and economists' consensus of the outcome. The expectations were that interest rates would remain where…

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Expert forecasts- what to expect from gold silver cryptos and equities

Expert forecasts- what to expect from gold, silver, cryptos, and equities 2022 has kicked off with a hawkish Fed, inflation fears and the end of zero interest rates in sight. Will markets collapse under the weight of a more aggressive central bank or will financial assets and cryptocurrencies hit new highs? Join us LIVE on YouTube at 3:00 pm ET, Jan. 25, 2022 for a special, interactive session as we discuss how best to position your portfolio with Lynn Alden,…

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Market participants pay attention to the upcoming Fed meeting and Ukraine

Market participants pay attention to the upcoming Fed meeting and Ukraine Gold had moderate gains today as market participants await the policy decisions that will be revealed on Wednesday when the Federal Reserve concludes its FOMC meeting, releases its most current policy statement and holds a press conference with Chairman Powell. Also, on the minds of the investment community are the geopolitical uncertainties as tensions grow regarding a buildup of Russian troops on their border with Ukraine. As of 4:05…

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Is Fed about to make a mistake? Here’s what gold is saying

Is Fed about to make a mistake? Here's what gold is saying Gold and silver hit two-month highs this week, while the crypto market suffered major losses, with bitcoin plunging below $35,000. To explain all of this, analysts pointed to rising U.S. treasury yields triggered by an aggressive Federal Reserve. Markets are now pricing in four rate hikes and a balance sheet runoff this year. Here's a look at Kitco's top three stories of the week: 3. Gold price rallies…

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Gold price next week: a breakout or a sideways trap? All eyes on hawkish Fed and stocks volatility – analysts

Gold price next week: a breakout or a sideways trap? All eyes on hawkish Fed and stocks volatility – analysts The gold market surprised with a breakout above $1,830 an ounce this week. And analysts say next week will be pivotal in whether gold breaks out or gets stuck in the sideways price action again. In an unexpected move, the precious metal surged to two-month highs this week, with investors flocking to safe havens as volatility rocked the equity markets…

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Gold market finally realizes Fed is completely wrong 2000 now on the way

Gold market finally realizes Fed is completely wrong; $2,000 now on the way David Lin, Anchor at Kitco News discussed gold and inflation with Wyckoff. Wyckoff explained that the reason there was a decoupling between gold and the Consumer Price Index last year was because it was perceived by the marketplace as an occurrence that was not going to be permanent. “The Fed called it transitory, and that’s just not the case. It’s proving not to be transitory. It is…

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