-637799994239409405.png "XAG/USD consolidates near 2-week high around the 100 DMA/.25 zone")
Silver now appears to have entered a bullish consolidation phase near a two-week high. The bulls could wait for a sustained move beyond the $23.45 zone before placing further bets. The weakness below $23.00 could attract some buying and remain capped. XAG Silver was seen trading in a range around the $23.15-$23.30 region during the […]
Tag: silver
XAG/USD corrects from 1-week highs and pulls back to $22.75 area
-637799054183623743.png "XAG/USD corrects from 1-week highs and pulls back to .75 area")
Silver saw some selling on Tuesday and gave back a portion of the previous day’s strong gains. A convincing break below the $22.40 support zone would pave the way for further losses. The bulls could wait for sustained strength above $23.00 before opening new positions. Silver is having a hard time finding acceptance above the […]
XAG/USD bulls look to take control, expect a move beyond $23.00
-637798387730746900.png "XAG/USD bulls look to take control, expect a move beyond .00")
Silver gained strong positive traction and spiked to the $23.00 level, or multi-day highs on Monday. The technical indicators on the daily chart warrant some caution before making aggressive bullish bets. A convincing break through the $23.40-$23.45 area is needed to support prospects for further gains. silver (XAU) built on Friday’s bounce from the post-NFP […]
Inflation concerns pushed gold and silver to a two-month high
Gold climbed to a two-month high on Wednesday, ending in positive territory for the first time after three downtrends, as the weakening dollar and the slight decline in US government bond yields, after their sudden rally, returned investment interest in precious metal. The recent rise in US bond yields, with the 10-year yield approaching almost […]
Gold: Gains of 1.1% per week despite today’s losses
Gold closed the week with gains, despite today’s losses. Colin Cieszynski, chief market analyst at SIA Wealth Management, attributed the day’s drop in part to profit-taking ahead of the three-day no-trade, as markets will be closed on Monday due to the Martin Luther King Jr. holiday. However, the fall of the US dollar in the […]
Gold: ‘Breaking’ the uptrend with a drop of 0.5%
Gold closed lower on Thursday, recording its first drop in five sessions, following the rise in the US producer price index in December, which was lower than market expectations. In particular, according to data released by the US Department of Labor, producer prices on an annual basis increased by 9.7% compared to an increase of […]
Losses of 1.7% for gold in the first week of the year
Gold closed the day with gains, recovering from a three-week low, boosted by lower-than-expected US labor market data. Despite today’s rise, however, the yellow metal ended its worst week in more than a month, amid the unfavorable monetary climate created by the Federal Reserve. The US economy generated fewer jobs than expected in December, but […]
Profits for gold despite market uncertainty
Gold futures traded higher on Wednesday as several investors turned to the precious metal as a support against the overall volatility of the market amid prolonged concerns about the impact of the Omicron variant of the coronavirus. Gold futures were up 0.4% at $ 1,784.30 an ounce. The gold recovery came amid a sharp recovery […]
Gold again topped $ 1,800 – Earnings of 1.8% per week
Gold rose more than $ 1,800 again on Friday, the highest closing since early September, following data released earlier today that the US economy added more jobs than expected in October, but disappointed participation in labor while rising inflation dampens the prospects for stronger economic growth. In particular, the US economy added another 531,000 jobs […]
Gold from silver. Viking treasures found on an island off the coast of Britain – photo, video
As noted, the treasure hunter Kat Giles found treasures at the end of 2020, exploring a private area with a metal detector. Following the law, she transferred the artifacts to MNH. The organization’s specialists investigated the place of discovery, studied the found objects and in February assigned them the status of treasures. The MNH says […]
