Tag: Commodities Market

After a long period of bullish trend, the price of silver appears to be settling into a period of consolidation. Market enthusiasts and investors need not be alarmed – this pullback is a natural part of market movement, especially after a phase of intense growth. On analysis, technical charts suggest that silver is preparing to…

In an impressive rebound, the gold price shot up by 2%, invigorating investors with positivity and renewed confidence. This eye-opening movement was further solidified by Goldman’s unwavering reiteration of its $3,000 target. This announcement came as a reaffirmation of the solid performance of gold in the market, underlining its resilience in uncertain economic climates. Industry…

As we delve into the intricate world of bullion trading, a bullish hammer pattern hints at a possible recovery in the price of gold. The pattern, observed in the recent fluctuations of gold prices, suggests a bullish trend, which could reinvigorate the gold market. This classic reversal pattern, which can be spotted in price charts,…

Despite a recent selloff, gold prices continue to find substantial support in the market. Looking at the overall scenario, it’s clear that the yellow metal has remained a favorite among investors. The selloff phase generated a certain fear sentiment, but instead of panicking, investors have stepped in with confidence, leveraging the drop to accumulate more…

In a much-anticipated economic turn, the silver market is now seeing a significant rise. With the XAG/USD hitting, and swiftly surpassing, a high of $32.50, this positive momentum indicates the start of a bullish period in the silver market. Although the economic forecast can never be fully certain, the market’s current tendency suggests a possibility…

Gold price has recorded a sudden snap after a seven-week rally, a noticeable event in the market ahead of crucial upcoming events: the U.S. Elections and Federal Reserve (Fed) announcements. After weeks of consistent growth, this break may seem surprising to some traders, but many experts had forecasted possible fluctuations amid significant political and economic…