Market Hive

Gold prices remain down as Fed stays committed to reducing inflation even as economy slows – FOMC minutes The gold market remains under pressure but is not seeing any new price action as the Federal Reserve remains committed to tightening its monetary policy to cool down the growing inflation threat. Although the U.S. central bank sees growing downside risks to the economy, the minutes of the September monetary policy meeting show that the committee remains focus on brining inflation down…

Gold gains on short covering, bargain buying, pullback in USDX Gold prices are higher in midday U.S. trading Tuesday, on short covering in the futures market and some bargain hunting and/or safe-haven demand in the cash market. A weaker U.S. dollar index and pullback in U.S. Treasury yields on this day is also working in favor of the metals market bulls. December gold was last up $9.70 at $1,684.70 and December silver was down $0.10 at $19.52. U.S. stock indexes…

Strong USDX, rising U.S. Treasury yields, stingy Fed punish gold, silver prices Gold and silver prices are sharply lower near midday Monday. The safe-haven metals are being hit hard by a higher U.S. dollar index, rising U.S. Treasury yields and weaker crude oil prices to start the trading week. An aggressively tight monetary policy from the U.S. Federal Reserve is also serving as an anchor on the precious metals markets. December gold was last down $34.30 at $1,675.00 and December…

Gold and silver need more than a short squeeze Precious metal analysts have been warning investors for a few weeks now that a sharp downtrend through the summer pushed gold and silver into oversold territory. Bearish sentiment in the marketplace is at its highest level in years, and both precious metals were ripe for a short squeeze. Those forecasts proved to be correct, with silver seeing, at its peak, a 12% gain this week, as prices pushed above $21 an…

 How to interpret today’s jobs report, and what does it mean fo price of gold ? Today’s jobs report for September showed a decrease in monthly gains, with 263,000 new jobs added last month, a decline from the prior month in which 315,000 new jobs were added. The deep impact it had on almost every asset class in the financial markets was not because of the tepid numbers but rather hopes by the Federal Reserve that these numbers would be even…

The short-term future of gold’s price is tied to two upcoming reports There is an adage when investigating a crime that says to “follow the money”. In the same way, when investigating where gold prices will be headed short-term it is wise to follow the upcoming reports. Two key reports will shape the short-term direction and price of gold. The first report is tomorrow’s jobs report, and the second report is the next CPI inflation report for September which will…

Gold, silver prices pull back as U.S. dollar, bond yields see strong rises Gold and silver prices are lower in midday U.S. trading Wednesday, on routine downside price corrections following solid gains posted on Monday and Tuesday. A strong rebound in the U.S. dollar index today, along with a significant rise in U.S. Treasury yields, are also bearish outside market elements working against the gold and silver markets at mid-week. December gold was last down $11.60 at $1,718.90 and December…

Will this silver and gold price rally last? Here's what analysts are saying In a surprise u-turn this week, silver and gold are trading at 3-month and 3-week highs, respectively. But is this a sustainable rally or just a short squeeze? Even though silver has outperformed gold this week, both precious metals saw impressive performance. Some main drivers were a weaker U.S. dollar, falling U.S. Treasury yields, higher crude oil, and renewed safe-haven buying amid shifting Fed rate hike expectations…

Gold prices push to $1,675 as U.S. core PCE rises 0.6% in August Hotter-than-expected inflation data is providing some initial support for the gold market as prices retest the long-term support/resistance level at $1,675 an ounce. Friday, U.S. Department of Commerce said its core Personal Consumption Expenditures price index increased 0.6% last month, up from July’s reading of 0.1%. Economists were expecting to see a 0.5% rise. According to some economists, the rise in core inflation is an indication that…