Gold futures rely on 4 forces to create a record high and a golden cross is in sight | Anue Juheng – Gold

Gold futures rely on 4 forces to create a record high and a golden cross is in sight | Anue Juheng – Gold

gold futuresOn Friday (1st), it surged to US$2,089.70 per ounce, setting a record closing high and heading towards the “goldCross”, the main reason is the speech by Federal Reserve Chairman Jerome Powell, which strengthened the market’s confidence that the United States has completed monetary tightening and will start cutting interest rates next year. New York … Read more

Weekly update on gold futures performance and analysis – October 10th

Weekly update on gold futures performance and analysis – October 10th

gold futuresIt fell more than 1% on Friday (10th), mainly due to the weakening of safe-haven demand and the fermentation of Federal Reserve (Fed) Chairman Powell’s hawkish remarks the day before. The weekly line also closed in the black this week. New York for December deliverygold futuresIt closed down 1.6% at $1,937.70 an ounce, the … Read more

The Most Expensive Precious Metal: Rhodium

The Most Expensive Precious Metal: Rhodium

It is a very rare precious metal and is about 5.5 times more valuable than gold. Gold, due to its durability and attractive appearance, is one of the most expensive precious metals. But much more expensive than gold is another metal that you most likely have at home, and it is called rhodium, writes IFLScience. … Read more

The Most Expensive Precious Metal: Rhodium – 5.5 Times More Valuable Than Gold

The Most Expensive Precious Metal: Rhodium – 5.5 Times More Valuable Than Gold

It is a very rare precious metal and is about 5.5 times more valuable than gold. Gold, due to its durability and attractive appearance, is one of the most expensive precious metals. But much more expensive than gold is another metal that you most likely have at home, and it is called rhodium, writes IFLScience. … Read more

Rising Gold Prices Threaten Amazon Rainforest and Indigenous Communities

BOGOTA/RIO DE JANEIRO (Thomson Reuters Foundation) – Rising gold prices are bad news for the Amazon rainforest. Demand for gold will heat up and illegal mining will increase, leading to deforestation and violence against indigenous communities. Rising gold prices are bad news for the Amazon rainforest. Pictured is an illegal gold mine in Itaituba, Brazil. … Read more

Russia asks US to answer Reported involvement in Nord Stream explosion | Reuters

Russia’s Foreign Ministry spokeswoman Zakharova said on Monday that the United States was responsible for last year’s explosions in the Nord Stream 1 and Nord Stream 2 undersea pipelines that carry natural gas from Russia to Europe. “The US administration needs to comment on all the facts,” he said. FILE PHOTO: Russian Foreign Ministry Spokesperson … Read more

Gold prices fall as dollar and bond yields rise

Gold prices fell Wednesday September 7 as dollar and Treasury yields rose after optimistic economic data reinforced expectations that the US Federal Reserve will continue to dramatically raise interest rates. And gold fell in spot trades 0.5% to $ 1692.99 an ounce by 03:30 GMT, having previously fallen to its lowest level in a week. … Read more

Gold price ranges stabilize in anticipation of the level hike path

<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" There were no price changes gold Spot trades at $ 1711.48 an ounce in early Asian exchanges. US gold futures settled at $ 1,722.50. The reserve board is expected to hold powered increase Benefit Significantly in the coming months to facilitate inflation But high rates Unemployment in been united The … Read more