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Gold traded up close to $2720, a technical target we mentioned a few weeks ago. Silver reached $32 but sold off to end the week. Nevertheless, it made its highest weekly close in 11 years.
The gold miners’ stocks are forging higher, just achieving their best levels in four years. While advancing, their upside progress has certainly been labored. Given gold’s monster upleg and dazzling...
Gold has hit all-time highs on each of the last six trading days. Thursday's touch of $2685 followed the strongest selling momentum since 18th September, when initial profit-taking expanded following...
In the world of commodities, oil is a brown loafer in a world of tuxedos, to steal a line from the late George Gobel. After China, unleashed its massive stimulus, the Chinese stock market soared...
On Tuesday, gold hit a new all-time high of $2,670 an ounce, continuing a remarkable rally that’s seen the precious metal gain over 27% since the start of the year. If 2024 ended today, it would mark...
Following last week's significant 50-basis point rate cut by the Federal Reserve, gold futures are poised for a potential sell-off, especially since they have been trading in overbought territory....
Oil prices are plummeting as unnamed OPEC sources say that t Saudi Arabia is “abandoning” the $100 price target that they really had in the first place. The sources also say that OPEC will go ahead...
US oil production continues to show signs of stagnant growth With sentiment and positioning at all-time bearish levels, oil prices are poised for a significant short-squeeze to the upside. Should US...
WTI dives 7% from 73.30 200-day SMA moves horizontally MACD and stochastics confirm bearish outlook WTI crude oil prices have lost more than 7% over the last couple of days after the pullback from...
Gold’s status as a Central Bank and bank reserve asset is escalating. According to Bank of America, gold has surpassed the euro to become the second largest reserve asset after the US dollar. To be...
As the US Dollar Index is testing its lows and preparing for a major rally, gold is making new highs. But it’s likely about to end. This has been one of the “the market can stay irrational longer...
Oil is pulling back as a warning from the Organization for Economic Co-operation and Development (OECD) that global governments had better cut spending and raise taxes to regain what they call...
Gold (XAU/USD) rose towards a record high on Tuesday as the US CB Consumer Confidence figures were lower than expected. Weaker US macroeconomic data put significant downward pressure on the US dollar...
Gold prices advance, underpinned by ETF Flows, China stimulus and safe haven flows, Gold ETF flows have been positive, and if this trend continues, it could further support the upward momentum of...
Gold Gold (XAU/USD) soared from first support at 2619/17 then shot higher to all my targets of 2633/35, 2642/44, 2648/50, and 2655 exactly as predicted. We reached a new all-time high of 2670 and of...