Gold Punished with Hawkish fresh federal Chief

according to Exclusive to Kitco News, specialized trader, Todd "Bubba" Horwitz, chief market strategist & founder of 'Bubba Trading provides a strategy Businessmen could Utilize in a range-bound gold value environment. (Kitco News) - Gold prices were ending the unite states day session solidly reduce & chock a two-week low Tuesday. Gold bulls' following upside near-term value breakout objective Information Systems to Production a lock above solid technical resistance at $1,350.00. Bears' following near-term downside value breakout objective Information Systems pushing prices below solid technical backing at the February low of $1,309.00. The following downside value objective for the bears Information Systems closing prices below solid technical backing at the February low of 304.65 cents.

Gold ends at two-week low as dollar, bond yields climb on federal chief's testimony

In his home testimony, Powell went 'old school' hawkish on inflation," told Jeff Wright, chief investment officer at Wolfpack Capital. April gold GCJ8, -0.06% fell $14.20, or 1.1%, to settle at $1,318.60 an ounce. That was its biggest one-day $ & percentage loss ever Feb. twenty & lowest end ever Feb. 9. The silver-focused exchange-traded iShares Silver Trust SLV, -1.28% & the SPDR Gold Shares GLD, -1.04% were drop with 1.2%. April platinum PLJ8, +0.00% fell 1.7% to $984.60 an ounce, When June palladium PAM8, +0.57% fell 2.4% to $1,029.20 an ounce.

Gold Prices Rally from difficult down Ahead of America Inflation information & fresh federal Chief Speech

according to GOLD PRICES regained half of final week's losses on Monday morning in London as the America $ inched drop ahead of America inflation information & the fresh federal chief Jerome Powell's 1st congressional testimony, writes Steffen Grosshauser at BullionVault. Federal spare chairman Jerome Powell going to speak about America monetary policy before the home Financial Services Committee on Tuesday & the Senate Banking Committee on Thursday. After suffering its biggest every week drop in 2.5 months, gold rose nearly 1% on Monday to touch $1340 per ounce before prices edged backed to $1333 as NY trading began. Silver prices rose by gold on Monday, touching 1-week highs against the falling $ at $16.76 before easing back 15 cents per ounce. But "higher inflation can trigger an across-the-board recession " because of reduce investment & higher credit costs, warns German-based financial group Deutsche Bank.

collected by :kiven Dixter