Gold exhibits extreme gains as traders digest the complex events of March

Gold exhibits extreme gains as traders digest the complex events of March Gold as a haven asset has been the recipient of the financial uncertainty that has unfolded this month. Gold futures hit a low of $1814 on March 8 and traded to its highest yearly value on Monday when April futures traded to an intraday high of $2015. Although gold pricing wasn't able to sustain attempts to close above $2000 it remains solidly within reach. As of 5:22 PM…

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Gold silver rally amid less-hawkish Fed weaker USDX

Gold, silver rally amid less-hawkish Fed, weaker USDX Gold and silver prices solidly higher in midday U.S. trading Thursday, boosted in the wake of the Federal Reserve raising its main interest rate by a quarter-point, but also suggesting rates will not continue to rise. A depreciating U.S. dollar on the foreign exchange market is also working in favor of the metals market bulls late this week. April gold was last up $47.70 at $1,996.90 and May silver was up $0.509…

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Gold futures surge 32 higher after the Fed signals a pause in hikes is imminent

Gold futures surge $32 higher after the Fed signals a pause in hikes is imminent The rally in gold spot and futures returns after a small two-day correction. On Monday of this week, gold hit a new high value at $2015 per ounce. It was approximately one year ago to the day that gold futures traded above $2000 per ounce. Gold traded to a high of $2077 in March 2022. What followed was a multi-month correction that began a conclusion…

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Gold prices decline after reaching 2000 yesterday as banking fears ease

Gold prices decline after reaching $2000 yesterday as banking fears ease Yesterday gold futures surged to the highest value of 2023, however after trading to a high of $2014 gold basis is most active April 2023 contract closed well below the intraday high. The high achieved yesterday was not only unsustainable on Monday but led to a deep price decline today. Gold futures are currently trading off by 1.98% or $39.20 taking the most active contract to $1943.60. The decline…

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Gold hits 12-mo high falls back a bit on profit taking

Gold hits 12-mo. high, falls back a bit on profit taking Gold and silver prices are slightly up in midday U.S. trading Monday, with gold notching a 12-month high of $2,014.90 overnight, basis April Comex futures, and silver a six-week high. Some normal profit-taking pressure and chart consolidation are seen on the price pullbacks from the overnight highs. Still, safe-haven demand for the metals is present in a shaky general marketplace amid the U.S. and European banking crisis. The technical…

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‘Original fear of missing out’: Gold price explodes and could test 2k after best week in 3 years – analysts

  'Original fear of missing out': Gold price explodes and could test $2k after best week in 3 years – analysts The gold market surged as prices saw their best week in three years amidst the fallout of the banking sector. Analysts are not ruling out a test of the $2,000 an ounce level next week as markets look past the Federal Reserve monetary policy meeting scheduled for Wednesday. The precious metal rose from $1,867 an ounce to above $1,980…

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Gold Price chart

  Gold Price Chart View the live price for instantly purchasable physical gold bullion on our live charts, displaying data straight from the Kinesis Exchange View the gold price over different time frames: a day, week, month or year for accurate, real-time pricing on allocated gold bullion in kilograms, grams or ounces. Monitor the gold price against the value of currencies including British Pound Sterling (GBP), Euros (EUR) and US Dollars (USD). Join Kinesis’ easy-to-use online platform to purchase physical…

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Gold surges to 19828 as investors rethink the banking crisis and accommodative Fed

Gold surges to $1982.8 as investors rethink the banking crisis and accommodative Fed Gold futures surged to the highest value of 2023 taking out the former high of $1976 achieved in February. As of 4:09 PM EST, the most active April contract of gold futures is up $58.10 or 3.02% and fixed at $1981.10. Although dollar weakness contributed to today’s dramatic ascent it was only a small factor in a much larger picture. Considering that gold futures had a net…

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A global rush to safe-haven moves gold higher

A global rush to safe-haven moves gold higher Gold prices surged today with gold futures trading to a high of $1942.50. Multiple assets traded sharply higher including gold, the dollar, and U.S. Treasuries. These gains were directly attributed to another crisis in the banking sector. This caused market participants to lighten their riskier assets and move that capital into safe-haven assets. Today’s global rush into safe-haven assets began in Europe and then moved across the pond into Wall Street as…

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Headline CPI fractionally lower as gold futures hold key 1900 level

    Today’s CPI report revealed that inflation continues to be troublesome and elevated in some sectors, with a fractional decline overall from 0.5% in January to 0.4% last month. Headline inflation continues to slowly dissipate from 6.4% year-over-year in January to 6% in February. Core inflation also remains elevated coming in at 5.5% year-over-year compared to 5.6% in January. Housing which includes mortgages and rentals composed the largest category and accounted for more than 70% of last month’s increase…

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