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Gold silver pressured by upbeat US data

December J, 2022

Gold, silver pressured by upbeat U.S. data Gld and silver prices are solidly lower in midday U.S. trading Thursday. The metals market bulls today are feeling the heat of a U.S. economy that does not seem like it wants to slide into a recession any time soon, following stronger-than-expected U.S. data released this morning. February gold was last down $21.10 at $1,804.30 and March silver was down $0.399 at $23.795. Weekly U.S. jobless claims did not rise as much economists…

Gold moves higher as the dollar falls on the news of a BOJ policy revision

December J, 2022

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Gold moves higher as the dollar falls on the news of a BOJ policy revision The Bank of Japan's surprise decision that they would raise their benchmark interest rate cap from 0.25% to 0.50% sent ripples through the global financial markets. Since 2016 the Japanese Central Bank has set its target range for the yield of 10-year Japanese government bonds near zero, with a cap of 0.25%. As other major central banks began to enact interest rate hikes this year…

Silver price to beat gold in 2023? Precious metal plays catch-up on strong demand ETFs remain missing puzzle piece

December J, 2022

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Silver price to beat gold in 2023? Precious metal plays catch-up on strong demand, ETFs remain missing puzzle piece sIver is gearing up to outperform gold in 2023 after a mixed year, according to analysts, who point to a more positive macro environment, strong physical demand, and a good technical set-up. Next year looks promising for both gold and silver, but many analysts expect silver to rally more than the yellow metal because of its volatility profile and the lack…

Gold’s week in the red but is silver flashing ‘buy signal’?

September J, 2022

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Gold's week in the red, but is silver flashing 'buy signal'? Gold saw a volatile $80 move this week, hitting the lowest levels since April 2020. The latest macro data — hot inflation and better-than-expected retail sales — are giving the Federal Reserve leeway to continue aggressively raising rates. This is pushing the U.S. dollar and Treasuries up and gold down. Here's a look at Kitco's top three stories of the week: 3. Gold price hits 2020 pandemic lows as…

Gold silver see price gains on more short covering bargain hunting

August J, 2022

Market Hive

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Gold, silver see price gains on more short covering, bargain hunting Gold and silver prices are higher in early U.S. trading Monday, with gold notching a three-week high and silver a four-week high. Short covering from futures traders is featured in both metals, with cash market traders also doing some perceived bargain-basement buying after gold prices hit a 15-month low and silver a two-year low in July. October gold futures were last up $7.70 at $1,779.20. September Comex silver futures…

Gold silver rally as traders buy the early dip

February J, 2022

Market Hive

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Gold, silver rally as traders buy the early dip JGold and silver futures prices are modestly up in midday U.S. trading Tuesday. Overnight losses were deemed by the precious metals bulls to be a bargain buying opportunity. Otherwise, some routine backing and filling on the charts has been featured as fresh fundamental inputs are awaited. April gold futures were last up $6.70 at $1,828.50 and March Comex silver was last up $0.154 at $23.23 an ounce. Global stock markets were…