Market Hive

Gold is making its move as markets hit with geopolitical shock and recession fears   Anna Golubova  Saturday February 19, 2022 12:38 Kitco News Share this article:   Gold is trading at the highest level in over eight months. And analysts project more gains as we head into a geopolitically uncertain long weekend. Here is a look at Kitco's top three stories: 3. Bitcoin is 'paying the price' for Wall Street's 'de-risking' plight 2. Potential Russian invasion of Ukraine could tip economies into…

What's next for gold price? Geopolitics shock markets, growth outlook at risk Don't be surprised to see some exaggerated moves in gold as the market goes into a geopolitically-tensed long weekend, analysts told Kitco News. But the outlook for gold remains bullish as the precious metal tests $1,900 an ounce. It has been chaotic trading in the stock market this week with piece-meal updates on the geopolitical situation in Ukraine keeping investors in a risk-off mood. Also, the repricing of…

Gold riding the momentum wave to an eight-month high Geopolitical uncertainty continues to dominate market sentiment, and gold has been able to ride this new wave of fear and momentum to an eight-month high of $1,900 an ounce. Despite gold's 3% rally this week, the question remains: can the precious metal hold on to this momentum if and when tensions between the U.S. and Russia start to ease. As I have mentioned before, this is one of the reasons why…

60% market crash, governments seizing your money, shortage of food: Todd Horwitz's scary view The Federal government of Canada recently invoked the Emergencies Act for the first time in Canadian history in response to the trucker protest in Ottawa. Todd Horwitz, chief market strategist of BubbaTrading.com told David Lin that the stripping away of personal freedoms is not exclusive to Canada, and is only going to get worse around the world. “That’s where governments are going anyways,” Horwitz said. “When…

Potential de-escalation with Russia – Ukraine takes gold to lower pricing Precious metals across the board sustained moderate to strong price declines in light of recent news suggesting that the geopolitical tension between Russia and Ukraine has begun to de-escalate. Recent news indicated that some Russian troops that were positioned near the border of Ukraine began to leave and return to their base. As of 5:10 PM EST, the deepest percentage price decline today occurred in the precious metal palladium,…

Is gold price about to sprint? Inflation in the U.S. is now at 7.5% — the highest level in forty years. For the U.S. stocks, this means more losses as markets price in a more aggressive Federal Reserve. But for gold, this means more demand as investors turn to the precious metal for protection. Also, a warning from the U.S. that Russia could launch military action in Ukraine "any day" is pushing gold prices well above the $1,850 an ounce…