November 30, 2024 1:35 pm
Yesterday’s silver trading saw a notable bounce, with prices rising above the key level of 29.95. According to technical indicators, long positions above this level have targets at 30.53 and 30.70 in extension. The Relative Strength Index (RSI) also suggests that a bounce is due, indicating that the recent downtrend may be reversing. The pivot […]
Read moreNovember 23, 2024 9:47 am
Gold prices surged 5.97% last week, closing at $2,716.34, marking the strongest weekly performance since March 2023. The rally was driven by a surge in safe-haven demand, geopolitical tensions, and shifts in Federal Reserve rate expectations. The escalation of the Russia-Ukraine conflict was a key factor, with missile strikes and concerns of potential nuclear escalation […]
Read moreNovember 21, 2024 1:25 pm
The gold market has been on a tear, with prices rising for the fourth consecutive day to reach a 10-day high of $2,670 per ounce. The surge in gold prices comes as tensions between Russia and Ukraine continue to escalate, sparking fears of a new phase in the conflict that may not be contained. The […]
Read moreNovember 8, 2024 8:37 am
Spot Gold retreated on Friday, slipping below the $2,700 mark, and looked set for a 1.70% weekly loss due to a stronger US Dollar and a rise in Treasury yields after Donald Trump’s victory in the 2024 presidential election. “The gold market was waiting for a trigger to prompt some liquidation. There is some kind […]
Read moreOctober 29, 2024 8:14 am
Spot Gold edged higher on Tuesday, while revisiting the record high area just above the $2,750 mark, as market focus again sets on a vast US data string this week, including job openings, employment growth, advance Q3 GDP estimate and PCE inflation. The uncertainty surrounding next week’s US presidential election also lent support to the […]
Read moreOctober 21, 2024 7:12 am
Spot Gold registered a fresh all-time high of $2,732.88 per troy ounce on Monday amid heightened Middle East tensions, uncertainty regarding the US presidential election as well as lower interest rates by central banks. Tensions rose after Hezbollah announced last Friday that it was entering a more intense phase in its conflict with Israel. Meanwhile, […]
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