Tag: 2022 gold price
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Gold at $ 3,000 in 2023, a shock forecast from Saxo Bank.
Saxo Bank predicts that gold prices could reach $3,000 next year, among its ten shock forecasts. But hold on. It is not his official forecasts. Each year, Saxo study the most unlikely events for the next twelve months. But sometimes, one or the other of his shock predictions really comes true. In 2022, a year…
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How Gold Could Severely Correct Soon.
To summarize, the “positive” unemployment numbers are making the Fed and other investors change their outlook on the US economy at least a little. If the “good news” continues — and we highly are skeptical of this — then inflation will likely become a larger concern to the Fed than cheap credit, meaning they could…
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Gold Prices Higher as central Banks increase reserves.
For the first time in three weeks, central banks increased their gold bullion reserves, while hedge funds strengthened bets that a rally would occur. Comex futures prices reached a two-week high on Thursday, ending the U.S. trading day on a positive note. Activity was characterized by bargain purchases and covering short positions. Precious metals were also supported…
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Why Gold Prices Just Fell amid inflation.
Gold prices just fell like a rock this ultimate month — from $2050 in march to $1753 today. Something like $300 so far, and they’re still falling. This isn’t enough to ruin the market, but it’s enough that I’ve already been receiving emails from people asking what’s happening. On the economy, US treasury said: “The…
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Oil and gold soar after the Russian offensive in Ukraine
Gold price jumps after Russian attack on UkraineThe Russian attack on Ukraine caused the price of gold to jump Thursday morning. The price of an ounce of yellow metal, considered a safe haven, was trading up 9.6% over one year to 1,941.52 dollars, its highest since the start of 2021. Russian President Vladimir Putin on…
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Gold Holds almost $1900 Ahead of US Non-Farm Payrolls.
Following weak manufacturing data all around the world, data released yesterday showed services sector slowed down as well, indicating that weakness in manufacturing started spreading into services sector and this increased recession worries while gold spot prices on held above $1,897 ahead of US non-farm payrolls due later today. As recent weak data led to…
