Tag: Commodities News

The gold market continues to flaunt its strength, with prices soaring high above historical records. With the current trend, gazing into the near future, the target the bulls are setting is a whopping $3000. The current market behavior continues to surpass all expectations, and it is evident that the gold bulls are far from backing…

Gold prices leapt dramatically in the market in response to the U.S. Consumer Price Index (CPI) report which came out less ‘hot’ than anticipated. The market players took this as a bullish sign that pumped energy into the gold markets. The CPI, which is a crucial measure of inflation, saw a moderate rise. It did…

Despite a brief climb after softer than expected U.S. inflation data, gold prices are poised for a weekly loss. The muted inflation data spurred some investors to seek refuge in the safe-haven precious metal, which led to its price uptick. However, the optimism was not sufficient to counterbalance the earlier losses recorded in the week,…

In an unexpected turn of events tied to the U.S. Presidential elections, financial markets have seen a significant drop in the value of precious metals. Silver saw a fall of 5% in value while gold lost 3% following the announcement of President Trump’s victory in the election. This has sparked a sense of uncertainty among…

As we prepare for what promises to be an action-packed week in global markets, gold prices have seen a slight surge. This is potentially reflective of investors seeking safe havens amidst an environment fraught with uncertainty. Experts have noted a recent uptick in not only the prices, but also the trading volumes, suggesting a shift…