Everything you need to know about gold news.
After falling sharply on Monday, silver prices have rebounded somewhat, but frankly, we are at such lows that this is hardly surprising. Now, the question is whether $18 will hold.
Written by: Winona Grant
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The crude oil markets have retreated somewhat during Thursday’s trading session, indicating hesitancy around resistance.
Written by: Winona Grant
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Thursday’s silver markets were relatively quiet as traders awaited Jerome Powell’s address on Friday.
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Wednesday’s trading session has been marked by a slight decline in silver prices, as traders remain cautious ahead of the Jackson Hole Symposium.
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If Powell argues for aggressive rate hikes while highlighting a modest recession, gold prices could fall further.
Written by: Winona Grant
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Tuesday’s gold markets have been relatively quiet in anticipation of the Jackson Hole meeting. Despite this, we are perched directly atop the support level.
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During Tuesday’s trading session, crude oil markets rose slightly to break out of a falling wedge. This may be due to Saudi Arabia “rethinking” its crude output.
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Tuesday’s trading session saw a slight decline in the silver market, which is now well below the $19.00 barrier.
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WTI climbed little on Friday, aided by bullish OPEC comments and US inventory data from earlier in the week. WTI remained on track for a small weekly loss, with upside restrained by broader risk-off movements. Gold was poised for its worst weekly performance in six weeks due to the strength of the USD and rising US yields.
Written by: Winona Grant
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Throughout the past week, silver markets have plummeted, falling below the $20 threshold.
Written by: Winona Grant
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