Gold keep rising this morning, with a very high level of transaction. On Wednesday, March 15th, 2023, gold prices surged for the third time in four days, reaching new historic highs for British investors at $1,930 per ounce in London. This comes as the panic surrounding bank values has…Continue readingBanking Crisis Boosts Gold Prices as Bond Yields Plummet.
Category: Gold prices today
Gold prices surged by over 1% on Wednesday, settling at their highest point since early February, as a fresh crisis in the banking sector caused investors to turn away from riskier assets and seek safety in bullion. The risk aversion hitting markets was sparked by fears that the US…Continue readingGold Prices Surge as Credit Suisse can collapse.
With fluctuations mainly within the range of the previous two weeks. On Monday, XAU/USD opened with some momentum, peaking at $1,858, the highest level in almost three weeks, but ended the day below $1,850. However, on Tuesday, the Fed Chairman’s comments triggered a rally in the US Dollar, causing…Continue readingLast week was a volatile one for gold prices.
The price of gold has been in a corrective phase after a huge surge that began in November 2022. In January and February of 2023, gold reached a high of $1,950 per ounce, but then began a necessary correction. In the previous analysis, it was mentioned that the price…Continue readingThe price of gold could reach historic highs!
Global demand for gold increased by 18% in 2022, with central bank purchases concentrated in the second half of the year. In contrast, global supply only increased by 2%. The price of gold is supported by demand and is trading around $1,925 per ounce. Experts predict that the price…Continue readingThe price of gold, boosted by demand, is trading around $1,925 per ounce.
Gold and silver prices have slipped to multi-month lows as strong US economic data has fueled fears of a rate hike. MCX Gold has been under selling pressure for the last few weeks after it broke the strong support zone of the 56,500 level. The broader trend on COMEX…Continue readingFebruary 2023: Gold and silver prices have slipped to multi-month lows.