Market Hive

Can gold price put an end to its six-month losing streak? Prices are at 'critical juncture' – analysts What gold does in the next two weeks will be critical for prices going into the year-end, according to analysts. All eyes are on the latest rounds of employment and inflation data as gold shows promising signs amid escalating geopolitical tensions and intensifying market volatility. Gold saw a key development mid-week as prices rose from 2.5-year lows and headed towards the $1,700…

Gold/Silver – Use options to play a short covering rally What a volatile week it's been with the month and quarter ending after a downgrade of Apple stock sent retail stock investors scrambling for the exit signs and the British Pound falling to a record low against the Dollar. The U.K. government presented a fiscal spending plan that could put the next round of U.K. inflation through the roof. At the same time, the Bank of England admitted its first…

Gold price weaker earlier, but now catching safe-haven bid as U.S. equities tank Gold prices are a bit higher and near daily highs in midday U.S. trading Thursday. The yellow metal has erased its early losses as is seeing some safe-haven buying the U.S. stock market is melting down again and risk aversion is on the rise, amid shaky currency and bond markets. Also, daily bullish elements for the precious metals include a slight drop in the U.S. dollar index…

Gold, silver rally on safe-haven buying, bullish outside markets JGold and silver prices are solidly higher and near daily highs in midday U.S. trading Wednesday, on safe-haven demand amid a nervous marketplace as the calendar is set to turn to what can be a tumultuous month of October for stock and financial markets. The U.S. dollar index is trading solidly lower at midday, bond yields have also dropped during today's session, and crude oil prices are solidly higher—all bullish daily…

Gold's weakness remains as the dollar dominates with more upside potential Although gold is trading fractionally higher today, by no means can we say that a rally has begun or that this is the beginning of a potential pivot and key reversal from bearish to bullish. The fate of gold pricing remains intrinsically tied to dollar strength or weakness. In the current economic scenario, it is dollar strength that is overwhelmingly moving gold to lower pricing. The dollar has been…

Price pressure on gold, silver as government bond yields, USDX soar Gold and silver prices are solidly lower in early U.S. trading Friday. Gold prices scored another nearly 2.5-year low. Soaring government bond yields and a very strong U.S. dollar index are bearish elements that are punishing the precious metals markets at present. October gold was last down $24.80 at $1,646.50 and December silver was down $0.532 at $19.08. Global stock markets were mostly lower overnight. U.S. stock indexes are…

Gold/Silver – What the heck is going on? I probably received that question 100 times on Friday from traders and investors speculating in a wide range of asset classes. Everything from agriculture, crypto, energies, foreign currencies, indices, precious metals, and softs sold off. Two primary drivers causing the sell-off are the Federal Reserve's stance on inflation, indicating that only a recession will bring it down, and the British government's decision to announce a mix of tax cuts and incentives, triggering…

Pound Plunges By The Most Since March 2020 Versus US Dollar The pound plunged by the most since March 2020 and hit the lowest in 37 years against the dollar, as the UK government unveiled a fiscal stimulus package that threatens to fuel inflation and stoke the nation’s ballooning debt. Sterling fell by as much as 3.7% to $1.0840 on Friday, triggering talk among investors about parity with the euro and the dollar and drawing comparisons with emerging markets as…

Where are the stops? Thursday, September 22, gold and silver Below are today's likely price locations of buy and sell stop orders for the active Comex gold and silver futures markets. The asterisks (**) denote the most critical stop order placement level of the day (or likely where the heaviest concentration of stop orders are placed on this day). See below a detailed explanation of stop orders and why knowing, beforehand, where they are likely located can be beneficial to…