Category: Gold prices today
-
Honestly i didn’t expect gold at $3000 CAD this soon.
Gold has surged to fresh all-time highs, echoing its record-breaking performance just a week ago when the Federal Reserve unveiled plans for three rate cuts throughout 2024. Since then, the precious metal has maintained its position near the pinnacle, as market participants brace for forthcoming US economic data that could sway the central bank’s monetary…
-
Factors Contributing to Gold Price Decline by Nearly 2%.
Summary: The decline in gold prices by nearly 2% after reaching an all-time high can be attributed to a combination of factors, including the strengthening of the US Dollar, announcements by the Federal Reserve regarding anticipated rate cuts, and improvements in the US economic outlook. Additionally, actions by other central banks, such as the Swiss…
-
Gold mark another all time high tonight.
But who gives a damn anyway? 2200, let’s see how long this one holds up…I’ll give it a day, the bulls will cash in, and down goes the price back to 2150, mark my words. But hey, it’s progressing, I suppose. Certainly beats my silver stack, which I just managed to break even on… And…
-
Gold Prices Decline Amidst Market Volatility and Fed Meeting Anticipation.
Summary: Gold prices dipped in Asian trade amidst market uncertainty and anticipation surrounding the Federal Reserve meeting. This decline was accompanied by a slowdown in the rally of industrial metals and middling Chinese economic data. Analysts project short-term price declines but maintain a bullish outlook for gold in the long term. Key Highlights: Factors Driving…