kinesis money system

Gold, silver sharply up on safe-haven buying, inflation worries Gold and silver prices are are sharply higher in midday U.S. trading Thursday, as safe-haven demand is featured amid marketplace risk aversion that remains elevated amid the Russia-Ukraine war. Sharp gains in crude oil prices this week are also bullish for the metals markets, even though oil prices backed off today. April gold futures were last up $26.70 at $1,964.00 and May Comex silver was last up $0.736 at $25.925 an…

Gold price at $2,500, oil price at $50 in 9 months? The war in Ukraine and inflation fears remain the top drivers for gold, which is up around 6% since the start of the year. Here's a look at Kitco's top three stories of the week: 3. Hawkish Powell: U.S. economy 'can handle' six more rate hikes 2. Elon Musk's advice when it comes to high inflation: own 'physical things' 1. What's this year's 'potential end game'? Gold price at…

Volatile gold price action is here to stay as safe-haven interest 'reignited' – analysts Gold could easily make another run at $2,000 an ounce next week as the geopolitical situation is not easing, but the volatile price action is here to stay, according to analysts. After making a run for record highs last week, gold tumbled below $1,900 an ounce and managed to stabilize just below $1,930 an ounce on Friday. April Comex gold futures were last at $1,927.70, down…

Gold's not afraid of the Fed or seven rate hikes The humanitarian crisis caused by Russia's invasion of Ukraine continues to build. According to the United Nations 816 civilians have been killed and 1,333 more have been wounded in the fighting. It looks like, the war is not going to end anytime soon and people will continue to suffer. At the same time the gold market is starting to lose its geopolitical safe-haven premium. Analysts have said that it looks…

Gold price down but not out as Federal Reserve starts tightening cycle and lowers 2022 growth forecast and raises inflation expectations The gold market remains under selling pressure but has pushed off its session lows as the Federal Reserve starts a new tightening cycle even as it lowers its growth forecasts and raises its inflation outlook. As expected, the Federal Reserve raised interest rates by 25 basis points, increasing the range to between 0.25 and 0.50%. Gold prices were testing…

Gold trades under pressure but currently holding the 38.2% retracement as support As of 3:30 PM, EST gold is trading off by $29.20, or 1.46%, with the April 2022 Comex contract currently fixed at $1956.00. On a technical basis, today’s low of $1952 is just below the 38.2% Fibonacci retracement, which is currently at $1953.80. The data set used for this retracement begins at the low created in December 2021 when gold hit $1752.60 and began a dynamic rally which…

Gold, oil open lower On Sunday open spot gold dropped $20 hitting $1,970 a ounce. Oil was down, too, with Brent crude off 0.87% to $111.7 a barrel. April gold futures last traded at $1,979.3 an ounce, down 0.29%. Hong Kong's Hang Seng index opened lower, down 1.61% on Monday local time. Major action in the Ukraine-Russia war over the weekend was a Ukrainian base near Poland getting hit by cruise missiles fired by Russia. Thirty-five people were killed, and…