Tag: 2022 gold price

  • How Gold Could Severely Correct Soon.

    How Gold Could Severely Correct Soon.

    Reading Time: 3 minutes 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…

  • Gold Prices Higher as central Banks increase reserves.

    Gold Prices Higher as central Banks increase reserves.

    Reading Time: 3 minutes 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…

  • Why Gold Prices Just Fell amid inflation.

    Why Gold Prices Just Fell amid inflation.

    Reading Time: 2 minutes 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,…

  • Gold Holds almost $1900 Ahead of US Non-Farm Payrolls.

    Gold Holds almost $1900 Ahead of US Non-Farm Payrolls.

    Reading Time: 2 minutes 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…

  • Weakness in Gold Prices Remains

    Weakness in Gold Prices Remains

    Reading Time: 2 minutes Weakness in gold prices remains after declining with better-than-expected US growth data and cautious statements over trade talks between US and China last week. While strong dollar keeps pressuring the prices, kept criticizing Fed Chair Jerome Powell in his speech on Saturday and said the U.S. dollar is too strong. In…