Gold has found support above $2000 aided by the belief the Fed will pause hikes soon garyswagner gold silver
Over the last 10 trading days, gold futures have effectively closed above $2000 per ounce. Although on an intraday basis, gold has moved below $2000 on three occasions, gold prices recovered and closed above $2000 on each instance.
Market participants have been solidly bullish about gold based on the belief that the Federal Reserve could stop raising rates after the May FOMC meeting. The belief that the Fed will pause rate hikes after one final ¼% hike in May has ignited strong bullish market sentiment for gold pricing. This optimism has pressured the dollar and yields lower and concurrently moved gold futures above $2000 per ounce. Recent volatility and diminished bullish market sentiment for gold have been in response to Federal Reserve officials who continue to reiterate the need for taking interest rates higher. Last week Fed Governor Christopher Waller said that the Federal Reserve needs to continue raising interest rates because of the high level of inflation. Reuters posted an interview today with St.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Gold futures trade to $1993.40 and recover back above $2000Exclusive to Kitco News, technical analyst Gary Wagner provides a daily recap of what happened in the gold market, highlighting important events that captured investors' attention during the U.S. trading session. Wagner's commentary features a mix of fundamental news and technical analysis, noting important support and resistance levels.
اقرأ أكثر »
Gold SWOT: Royal Gold reported positive 1Q stream segment ouncesCommentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film
اقرأ أكثر »
Cryptos are at risk of a pullback while gold will inevitably head higher - Mike McGloneBloomberg Intelligence’s senior macro strategist Mike McGlone has warned that crypto prices risk a pullback in the near future while gold will inevitably surge above $2,000.
اقرأ أكثر »
Gold prices holding steady above $2,000 as U.S. housing construction falls 0.8% in March, down 17.2% for the year(Kitco News) - Gold prices continue hold solid support above $2,000 but is seeing little reaction to mixed health in the U.S. housing sector as the number of homes built last month fell roughly in line with expectations.
اقرأ أكثر »
Canada falls to U.S. in women’s world hockey gold-medal gameThe Canadians had been shooting for a third straight title at Brampton’s CAA Centre.
اقرأ أكثر »
Knight, U.S. prevail 6-3 over Canada to claim women's hockey world championship goldHilary Knight scored the go-ahead goal as part of a hat trick in leading the U.S. to a 6-3 gold-medal victory over Canada at the world women's hockey championship on Sunday.
اقرأ أكثر »