– Gold’s new record highs post-FOMC could mean better price performance to come against the euro, while silver ETF holdings are holding up even better than gold, according to precious metals strategists at Heraeus. - Gold prices are posting decent gains in midday U.S. trading Monday, supported by chart-based buying amid bullish technicals, and by friendly daily “outside market” forces that see the U.S. dollar index lower and crude oil prices higher. - The U.S.
Bitcoin can't be compared to"normal assets," says Fred Krueger, a Bitcoin investor who uses the concept of 'Power Law' to forecast Bitcoin's price levels. - After last week’s price action was led by inflation data, gold markets were once again dominated by the Federal Reserve and interest rate expectations, though traders’ feelings seemed to evolve as the days went by.
- The Federal Reserve has given the all-clear to gold after signaling it still wants to cut interest rates three times this year, even as inflation remains above the 2% target; however, some market analysts said that the precious metal could see a healthy correction next week and in the near term.
- The platinum group metals basket is under strain, but that’s due more to a decline in aggregate car sales rather than a shift toward electrification, says Matt Watson, founder of Precious Metals Commodity Management LLC., and host of Green Rush — a program that focuses on precious and critical minerals as they impact the clean energy transition.
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