Thu, May 09, 2024

Gold trading

Fed stimulus has hurt the dollar and boosted gold

MKS raises its forecasts for gold and silver prices

The Covid-19 pandemic has altered the forecasts made by various analysts, banks, and precious metal companies during the last months of 2019.  MKS is a Swiss precious metals refinery PAMP parent company. It has just published a report with the revision of the forecasts made in January 2020. Frederic Panizzutti, its author and a managing …

MKS raises its forecasts for gold and silver prices Read More »

Wibest – IMF: Gold bars on top of gold nuggets.

Indian monsoon rains are favorable for gold

India has absorbed 18% more rain in June than the average in other years. The monsoon covered the entire country almost two weeks earlier than usual, according to sources from the Indian Meteorological Department.  Monsoons generate around 70% of India’s annual rainfall. They are the country’s lifeblood, stimulating agricultural production and driving rural spending on …

Indian monsoon rains are favorable for gold Read More »

Silver prices up

Silver’s price is ready for a rebound

Analysts argue that the global supply of silver mining production will increase in the medium term. Improvements and operational expansions overshadow the depletion of reserves. However, the forecasts for global recycling will be mixed.  On the demand side, increased battery and hybrid electric vehicles’ production will mean a higher silver load than traditional internal combustion …

Silver’s price is ready for a rebound Read More »

Spot price of gold is on the rise

Unstoppable gold in the face of new Covid-19 infections

Gold moved to its highest level since 2012, fueled by concerns about the second wave of the coronavirus infections in the United States and Germany. In other news, the release of details about a proposed national security law from China caused a growing uncertainty in Hong Kong. Coronavirus cases increased in the United States, a …

Unstoppable gold in the face of new Covid-19 infections Read More »

Wibest – Spot Gold: Gold bars.

Switzerland exports a record amount of gold to the US 

Switzerland exported 126.6 tons of gold to the United States, worth around $7 billion, last May. It is the highest monthly shipment ever recorded. This is because the high prices in New York continued to attract demand for the metal. Swiss shipments to China and India, generally the world’s two largest gold buyers, stayed very …

Switzerland exports a record amount of gold to the US  Read More »

HFTrading Review

HFTRADING REVIEW CONTENT: HFTRADING REVIEW: GENERAL INFORMATION FUNDS TRADING AND SECURITY AT HFTRADING HFTRADING REVIEW: TRADING ACCOUNTS HFTRADING TRADING CONDITIONS TRADING PLATFORM HFTRADING’S TRADING PRODUCTS CUSTOMER SERVICE HFTRADING REVIEW CONCLUSION HFTRADING REVIEW: GENERAL INFORMATION  HFTrading is a broker that only started operating recently, and is trying to make a name for itself. They were founded …

HFTrading Review Read More »

gold prices today edged 0.1% higher to $1,572.01 per ounce in global markets

Gold Maintains Positions Despite Dollar Recovery

Gold was operating relatively flat on Tuesday after having overcome several bearish attempts. The publication of good data on US retail sales and progress towards a vaccine against COVID-19 has harmed market sentiment. Beijing officials also reported new coronavirus cases.  The United States government reported an increase in retail sales of 17.7% in May, well …

Gold Maintains Positions Despite Dollar Recovery Read More »

Spot price of gold along the silver is on the rise

Gold surges on Fed decision to keep rates at zero until 2022

Gold prices reacted, increasing, due to the Federal Reserve‘s decision not to raise interest rates until 2022. This means the interest rate will remain at its current state, around zero. Low prices are usually favorable for gold because they reduce the returns on other financial assets with which it competes in favor of investors, such …

Gold surges on Fed decision to keep rates at zero until 2022 Read More »

gold prices today edged 0.1% higher to $1,572.01 per ounce in global markets

Gold gains as the Federal Reserve starts June’s FOMC meeting

Gold registered some gains on Tuesday since global stock indexes paused recent rallies. On the other hand, a weakened US dollar is supporting gold bulls. August gold futures increased by $15.90 an ounce to $1,720.70.  US stock indexes are getting some pull-backs from recent substantial benefits. The investor and trader sentiment remains positive. According to …

Gold gains as the Federal Reserve starts June’s FOMC meeting Read More »