Market Hive

Gold price advances as inflation fears grow even with hawkish Fed Gold futures had respectable gains in New York trading today. The most active April 2022 contract gained $14.20 and as of 4:47 PM, EST is currently fixed at $1822. Considering the Federal Reserve’s updated monetary policy, which is more hawkish and the most recent statement from last month’s FOMC meeting and last week’s strong jobs report, gold has been extremely resilient and continuing to gain in value. Gold was…

Gold price holds $1,800, but can Fed's 50-point hike trigger selloff? The gold market is stuck at its all too familiar $1,800 an ounce level as markets start to price in the potential of a 50 basis points rate hike in March. The focus next week is on the latest U.S. inflation numbers. The most anticipated data point of the week shocked the markets on Friday as investors digested the U.S. economy reporting strong hiring and higher wages, with 467,000…

Gold shows resilience gaining value in light of an extremely strong jobs report Volatility continues to be a prominent factor in gold pricing today. The volatility revolved around the release of the Labor Department’s jobs report for January. Earlier this week ADP released its private-sector jobs report. Economists polled by the Wall Street Journal were expecting an additional 200,000 jobs to be added in January. The ADP report came in well below forecasts indicating that over 300,000 jobs were lost…

Gold and silver push higher ahead of the European open Gold (0.19%) and silver (0.46%) have pushed higher ahead of the European open. Gold continues to trade around $1800/oz, while silver hovers at $22.50/oz. In the rest of the commodities complex, spot WTI is 0.60% higher and copper is trading flat. In equities markets, Amazon and Snapchat performed well in the aftermarket sending risk sentiment positive. The Nikkei 225 closed 0.73% in the black and the ASX pushed 0.60% higher.…

Gold, silver see modest gains as bulls regaining momentum Gold and silver futures prices are higher and nearer daily highs in midday U.S. trading Wednesday, on continued short covering and perceived bargain buying. A slumping U.S. dollar index and crude oil prices hitting seven-year highs earlier this week remain bullish outside market forces for the metals markets. April gold futures were last up $7.40 at $1,808.80 and March Comex silver was last up $0.08 at $22.675 an ounce. The U.S.…

Biggest gold price losses to hit market in mid-2022, here's why Gold prices could be looking at sideways price action for the rest of the year. The biggest test comes in mid-2022 when inflation begins to stabilize and markets absorb higher interest rates, according to DailyFX.com senior strategist Christopher Vecchio. After a quick rally above $1,850 an ounce, gold could already be running out of steam, Vecchio told Kitco News, pointing to a move in the U.S. Treasury yields. "I…

Gold is 'prime candidate' to rally as stocks reverse in 2022 – Bloomberg Intelligence The sentiment in the gold market has reached its "maximum disdain," which means that gold is primed for a reversal and could be ready to rally past $1,900 an ounce, according to Bloomberg Intelligence. As the Federal Reserve gears up to raise rates and reduce liquidity, the precious metal is a potential top performer this year, said Bloomberg Intelligence senior commodity strategist Mike McGlone. And after…