As the commodity markets drop, gold and silver decline
June 24, 2022As the commodity markets drop, gold and silver decline As the metals markets are participants in a general erosion of the commodity markets driven by crude oil, gold and silver prices are slightly lower in lunchtime U.S. trade on Thursday. Fears of a U.S. and worldwide economic crisis as well as predictions of decreased demand
Read moreAs US administration strives for lower gasoline cost, oil prices are falling
June 22, 2022As US administration strives for lower gasoline cost, oil prices are falling Oil prices fell sharply in early trade on Wednesday, despite US President Joe Biden’s efforts to lower increasing fuel costs, which included pressure on large US corporations to help drivers during the country’s peak summer demand. At 00:31 GMT, US West Texas Intermediate
Read morePrior to the European open, gold and silver are trading lower
June 17, 2022Prior to the European open, gold and silver are trading lower Gold prices have retraced ahead of the European open after a strong day on Thursday (-0.62%). It has a similar effect as silver (-0.28%), albeit to a smaller amount. Copper is trading flat in the rest of the commodities complex, but spot WTI is
Read moreGold rises as the dollar falls in anticipation of the Fed’s decision
June 16, 2022Gold rises as the dollar falls in anticipation of the Fed’s decision The dollar index fell 0.2 percent on the day after hitting a near two-decade high the day before, while benchmark US 10-year Treasury yields also fell from multi-year highs. According to Saxo Bank analyst Ole Hansen, gold is trapped between “those focusing on
Read moreInvestors expect a major Fed rate hike; gold is higher on lower yields
June 15, 2022Investors expect a major Fed rate hike; gold is higher on lower yields Weaker Treasury yields raised gold prices from near one-month lows on Wednesday, ahead of a possible aggressive interest rate hike by the US Federal Reserve to combat inflation amid rising fears of an oncoming recession. As of 0229 GMT, spot gold was
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