Category: Gold
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Gold Technical Analysis – The short-term bias turned bearish
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Basic Overview Gold has been on a steady decline since hitting an all-time high last Wednesday. We have seen a reversal in several other markets since last Wednesday, and it is not clear what was behind the move. Data continues to point to a resilient economy with inflation slowly falling…
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Gold falls below $2400 in heavy selling
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Gold daily You might expect gold to benefit from the global computer crash, but that’s not the case today. Commodities are suffering across the board due to profit-taking. Gold is down about 2% and silver is down 3.3% after the breakout we had this week failed. Gold has now fallen…
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Chart Art: Another Major Pullback on Gold (XAU/USD) Soon?
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Gold prices have been rising recently but are currently holding at a key resistance area. Will the channel resistance hold and force the precious metal to retreat? Better keep your eyes open for a possible correction to these levels! Gold (XAU/USD) 4 hours Chart by TradingView Speculation of monetary easing…
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Bitcoin- The Digital Gold, By BlackRock Chief
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Source: news.bitcoin.com The world of finance has been abuzz with the growing importance of cryptocurrencies, and one of the most significant developments in the space has been the evolving stance of industry giants like BlackRock. Larry Fink, CEO of the $10.6 trillion asset manager, has made headlines with his recent…
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Bitcoin- The Digital Gold, By BlackRock Chief
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Source: news.bitcoin.com The world of finance has been abuzz with the growing importance of cryptocurrencies, and one of the most significant developments in the space has been the evolving stance of industry giants like BlackRock. Larry Fink, CEO of the $10.6 trillion asset manager, has made headlines with his recent…
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Chart Art: Spot Gold (XAU/USD) Is Trading Near The Top Of A Long-term Range!
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The overall weakness of the US dollar helped push spot gold prices to multi-week highs. Is the technical resistance level a trigger for a downtrend in the commodity? Or will we see a launch in the next few days? Gold (XAU/USD) 4 hours Chart by TradingView In case you missed…
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CIBC boosts gold price forecasts. Says Trump Presidency would be more-bullish for bullion
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Amnesty International Image In a report released late yesterday, CIBC raised its gold price forecasts significantly, predicting a more bullish outlook for bullion, especially in the event of a Trump presidency. Main points: gold: 2024The new forecast is $2,290 per ounce, up from $2,100 per ounce previously. 2025The new forecast…
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Chart Art: Gold (XAU/USD) Triangle Break and Retest
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Did you miss the opportunity to break the triangle on gold? I see a potential opportunity to jump on a quick withdrawal! Take a look at these support areas on the 4-hour chart. Gold (XAU/USD) 4 hours Chart by TradingView Remember the descending triangle formation we spotted on gold a…
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Calibre Receives Environmental Approval for Development and Operation of the Volcan Gold Deposit located in the Libertad Mine Complex
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This section is Partnership Content Provided The content in this section has been provided by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumbs Path Links Globe Newswire Article author: Published on July 8, 2024 •…
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Gold Technical Analysis – The NFP report increased the bullish sentiment
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Basic Overview Last Friday, gold prices rose after the release of the US non-farm payrolls report. The data showed a further slowdown in the labor market with the unemployment rate rising and wage growth declining. This led to lower real yields and accelerated the rise in gold. This has been…
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The gold market may have found a second leg
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The long-term argument for gold is that Russia, China, India and the Middle East are buying in increasing quantities. But gold’s rally has stalled after data showed official gold buying in China stopped in May. There is also a kind of gold mania in Chinese retail circles that is cause…
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Yukon minister says cyanide found in creek near Victoria Gold mine spill
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Britta/E+ via Getty Images Victoria Gold (OTCPK:VITFF) -8.4% In Toronto trading Friday after Yukon’s energy minister said high levels of cyanide Traces of gold ore were discovered in a stream following a filtration platform collapse and ore slide at the Eagle Gold Mine last week. the The stock fell more…
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Chart Art: Is Gold (XAU/USD) Ready to Break Out Soon?
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I see a number of classic chart patterns on the 4-hour time frame for gold. Do you think the precious metal is about to breakout? And in which direction will it go? Check out the upcoming turning points I’m watching! Gold (XAU/USD) 4 hours Chart by TradingView Gold has formed…
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Aya Gold & Silver Announces Election of Directors By Investing.com
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Montreal, June 21, 2024 (GLOBE NEWSWIRE) — Aya Gold and Silver Company (TSX: AYA, OTCQX: AYASF) (Aya or the Corporation) is pleased to announce that all of the nominees listed in the management proxy circular have been elected as directors of Aya at the annual general meeting of shareholders (AGM)…
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Chart Art: Trend Correction Levels on Gold (XAU/USD)
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Gold has just broken through the consolidation zone, but the question now is whether this breakout is legitimate or an illusion in the making? Where could the market move next either way? Take a look at these nearby inflection points. Gold (XAU/USD) 4-Hour Frame Chart by TradingView Watch out, gold…
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Galantas Gold Announces Completion of Trial Stoping Program at Omagh Gold Project, Northern Ireland
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on June 18, 2024 • 4 minutes…
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Galantas Gold Announces Completion of Trial Stoping Program at Omagh Gold Project, Northern Ireland
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on June 18, 2024 • 4 minutes…
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Commodity Roundup: Oil ticks lower as China’s factory output disappoints, gold down
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Energy markets fell on Monday at the start of a holiday-shortened week, following the biggest weekly gain for crude oil in nearly two months, as traders assessed the demand situation and factory production data in China, while the escalating crisis in the Red Sea was on the verge of collapse.…
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Gold Fields cuts production guidance after severe winter weather in Chile (NYSE:GFI)
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Moussa81/iStock via Getty Images gold fields (New York Stock Exchange: GFI) -8.4% Pre-market Thursday after Cut production guidance for the full year Due to worse than expected winter weather in Chile, limiting the intensification of the new Salares Norte project. Gold Fields (GFI) said it now expects production This year…