Category: Economics

Gold, a precious metal often considered a safe harbor during uncertain economic times, saw its gains erase following a recent release of US data. Indications are that this significant shift is tied to the Federal Reserve’s strengthening hawkish stance. The Federal Reserve has notably shifted towards a more assertive policy, a change that is making…

As we move towards the end of 2024, the gold market presents an intriguing conundrum for investors worldwide. Volatility in global markets and other macroeconomic factors have led to a tumultuous year for the yellow metal, with many questioning whether investors can expect a rebound or further decline in the coming periods. One school of…

Wall Street experts are predicting a steady-to-higher trend for gold prices heading into next week. Similarly, Main Street investors are shown to be more bullish excessively. The anticipation is building up as critical CPI and PPI inflation data are imminent. These data are often a strong determinant of gold prices and, therefore, bring an air…

Gold Pares Gains Gold has pared its gains after the release of the Job Openings and Labor Turnover Summary (JOLTS) report from the U.S. Bureau of Labor Statistics, investors are now eyeing additional U.S. economic data for further direction. The JOLTS report highlighted the condition of the U.S. labor market, with data that potentially may…

The precarious state of the job market and its potential impact on the Federal Reserve’s rate decision is currently the focus of gold-obsessed investors. With the labor market showing signs of weakness, there is an increasing likelihood of the Fed implementing rate cuts to stimulate economic growth. Lower rates generally lift gold (XAU) prices as…

Gold, a commodity that is often viewed as a safe-haven investment in times of economic uncertainty, is showing unexpected moves on the forecasting horizon. According to Economies.com, the gold prices could take on an exciting turn as we approach 25-11-2024. This potential shift might be the result of multiple factors including geopolitical tensions, market volatility,…

Silver prices continue to exhibit fluctuations in the second half of 2024. Economic analysts speculate that the variations could be a result of international trade uncertainties and monetary policies affecting the global markets. The silver market is currently witnessing a trend that hasn’t been seen in the past decade. Intense market competition and technological innovations…

As the year 2024 heads towards its conclusion, investors globally are keenly watching the performance of precious metals, notably silver. As of November 18, 2024, silver trades in the market with some stability, despite some market challenges. There are, however, several critical economic, geopolitical, and technical factors that will vastly influence silver’s price trajectory in…

Gold has faced a slight setback in its pricing today. Triggered by the recent heating up of U.S. retail sales data, the gold market took a step back, witnessing a slight dip in prices. Kitco NEWS has tracked this price gyration closely, offering insightful market commentary and analysis. Even though gold’s fall today might have…

Gold Price Forecast: Consolidates Between Major Moving Averages – FX Empire Gold prices are on a tight leash, moving within a narrow band between major moving averages. Uncertainties in global economic panorama exert pressure on the precious metal, compelling it to hold its ground for now. Trajectory of gold’s direction is somewhat vague, with market…

As we approach mid-November 2024, it’s time to evaluate the movements in the gold market. The gold price has seen some fluctuation over the past month, with a robust upwards trend observed. Analysts have been keenly watching the global economic happenings, particularly the monetary policies of the world powers. These macroeconomic factors, among several others,…