Talking Points:Gold prices rise on cooling Fed interest rate hike speculationCrude oil prices rise as DOE inventory gain trails API estimateFed-speak in the spotlight as "Trump trade" continues to fizzleGold prices rose as US rate hike bets cooled. Crude oil prices rebounded following the prior day's dramatic selloff despite a DOE report showing inventories rose by 13.8 million barrels last week. GOLD TECHNICAL ANALYSIS – Gold prices resumed their upward march after a brief respite, hitting the highest level in three months. Chart created using TradingViewCRUDE OIL TECHNICAL ANALYSIS – Crude oil prices rebounded from support at a rising trend line that has limited downside moves for the past two months. Want to discuss the outlook for crude oil and gold prices with a DailyFX analyst?
As it stated in
Holdings in the SPDR Gold Shares ETF rose 8.3 metric tons to 827 tons as of Tuesday, the highest since Dec. 20, data compiled by Bloomberg show. A Bloomberg Intelligence index of 16 gold producers rose for a fifth straight day in the longest stretch of gains since August. silver gained 0.4 percent to $17.7859 an ounce. "The trend from a technical perspective is healthy and there is a lot of demand globally."In other precious metals:Spot silver gained 0.4 percent to $17.7859 an ounce. Traders are "seeking some safety in gold," Jeffrey Nichols, a senior economic adviser to Rosland Capital, said in a telephone interview.
(Kitco News) - Gold and silver prices were ending the U.S. day session higher and hit nearly three-month highs Wednesday. Technically, April gold futures prices closed nearer the session high and hit a nearly three-month high today. Wyckoff's Market Rating: 6.0March silver futures prices closed nearer the session high and hit a nearly three-month high today. Gold bulls' next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,265.00. The next downside price objective for the bears is closing prices below solid technical support at 250.00 cents.
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collected by :Jack Luxor
As it stated in
Gold Nears Three-Month High as Buyers Flock Back to Top ETF
Holdings in the SPDR Gold Shares ETF rose 8.3 metric tons to 827 tons as of Tuesday, the highest since Dec. 20, data compiled by Bloomberg show. A Bloomberg Intelligence index of 16 gold producers rose for a fifth straight day in the longest stretch of gains since August. silver gained 0.4 percent to $17.7859 an ounce. "The trend from a technical perspective is healthy and there is a lot of demand globally."In other precious metals:Spot silver gained 0.4 percent to $17.7859 an ounce. Traders are "seeking some safety in gold," Jeffrey Nichols, a senior economic adviser to Rosland Capital, said in a telephone interview.
(Kitco News) - Gold and silver prices were ending the U.S. day session higher and hit nearly three-month highs Wednesday. Technically, April gold futures prices closed nearer the session high and hit a nearly three-month high today. Wyckoff's Market Rating: 6.0March silver futures prices closed nearer the session high and hit a nearly three-month high today. Gold bulls' next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,265.00. The next downside price objective for the bears is closing prices below solid technical support at 250.00 cents.
read more visit us gold
collected by :Jack Luxor
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