Gold slumps as Fed confirms its resolute stance on lowering inflation garyswagner silver gold
In the span of just under two weeks, from Thursday, May 4 to Wednesday, May 17 we have seen gold drop substantially and concurrently the dollar gained substantially.
Comparing the percentage decline of gold to the percentage advance of the dollar index it is clear that dollar strength has been a major component to the fall in gold pricing. However, the decline in gold is not isolated to just dollar strength, additional selling pressure by market participants was also a major contributor.
The Federal Reserve continues to use its primary tool to reduce inflation which is to raise interest rates which cause an economic contraction. An economic contraction works to lower the price of goods and services. Simply put the Federal Reserve works with the principle of supply and demand economics. Higher prices for goods and services will reduce demand.
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.
Wheaton acquires gold stream from Lumina Gold's Cangrejos project in Ecuador for $300MA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
اقرأ أكثر »
A bipartisan deal and a short-term extension might explain new found optimismExclusive 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 »
Why Vladimir Putin isn’t shutting down the outspoken ‘thug’ running the Wagner GroupHe was once known as ‘Putin’s chef’; now he’s a caustic critic of how the war in Ukraine is being conducted. Yevgeny Prigozhin might just be indispensable to the Russian leader — or, in the murky world of Kremlin power plays, something else might be going on.
اقرأ أكثر »
Price pressure on gold, silver following downbeat China dataSenior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developments
اقرأ أكثر »
Gold Laser Focus: Intra-day price entry levels for the active trader - May 16
اقرأ أكثر »
U.S. retail sales miss expectations in April, gold price ticks up but trades under pressure
اقرأ أكثر »