LONDON (July 3) The summer doldrums have hit gold and silver, leaving them stuck in a sideways trading range. Even recent economic data, largely in line with expectations, hasn't spurred a breakout. The Federal Reserve remains in a wait-and-see mode, keeping the market guessing on potential interest rate cuts with...

Gold Breakout Imminent? Watch Out for a Surge Above $2,380

CBS News

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
  Gold has achieved multiple record prices so far in 2024. In March, the spot price hit a record $2,160 per ounce price. Not long after, gold's price hit an all-time high at $2,265 per ounce to kick off April. More recently, gold peaked at $2,435 on May 20, a new milestone. Overall, gold futures are up nearly 13% so far this year.Since late May, though, gold prices have begun to settle. In June, the spot price of gold hovered...

Have gold prices peaked for 2024? Here's what experts say

LONDON (July 2) Gold (XAU/USD) continues trading in a familiar range within the $2,320-$2,330s, just below the 50-day Simple Moving Average (SMA) on Tuesday, amid Futures’ traders “short-covering”, as well as “bargain hunting” by longer-term investors, according to Kitco’s Jim Wyckoff. This could be an accumulation phase as investors position for another rally in Gold given multiple global factors continue to support the secular long view.

Gold stuck in a range although long-term prospects remain bullish

Bottom Line: My first rule of money is to never let your money and emotions cross paths. The purpose of this story is to inform you as to what's possible in a near worst-case outcome for the financial markets. The reason is to understand what's possible, though unlikely, so you can plan soundly for your financial future unemotionally. The US stock market is the greatest wealth creation machine in the history of the world. Likewise, cryptos have created generational wealth for many who were early. I want you to benefit from investing without making emotional mistakes with money. Historically, when investors attempt to time the market, they end up worse off than if they’d stayed with their original plan over 90% of the time. This is all about combating those types of mistakes.

How Low Can Stocks & Crypto Currencies Go? – July 1st, 2024

NEW YORK (July 2) The gold market is seeing some renewed selling pressure Tuesday morning as the U.S. labor market remains fairly healthy due to an increasing number of jobs available. Job openings, a measure of labor demand, dropped to 8.14 million as of the last day of May, up...

Gold prices hit with new selling pressure as JOLTS job openings rise to 8.14 million

Current Technical Analysis of XAU/USD Daily Chart:. → Since November 2022, the price has been moving within an upward channel shown in orange. → Since the beginning of 2024, the price has risen by approximately 12.5%. Gold Price Forecasts for the End of 2024:. ABN Amro’s Cautious Outlook:. Georgette...

Analysis of Gold Price Prospects for the Second Half of 2024

Central banks continued to buy gold in May, but the pace slowed moderately with China at least temporarily out of the picture. Central banks added a net 10 tons of gold in May, according to the latest data compiled by the World Gold Council. Central banks bought 23 tons of gold, offset by 13 tons in gross sales.

Central Banks Added More Gold to Reserves in May

Wednesday features a one-two punch of news that starts in the morning with the pivotal consumer price index reading for May, and ends with the Fed's policy meeting in the afternoon. Economists expect CPI to show just a 0.1% increase from April, though that still would equate to an aggregate...

Fed meeting and inflation report both hit Wednesday, and the impact could be huge

Gold prices rose more than 1% to a near two-week high on Wednesday, driven by increased bets for a September interest rate cut by the Federal Reserve after recent U.S. data suggested that the labor market was softening. Spot gold was up 1.4% at $2,362.32 per ounce by 10:09 a.m....

Gold at near 2-week high as soft U.S. data lifts Fed rate-cut bets

Reuters

JERUSALEM (Reuters) - The Bank of Israel will hold the line on short-term interest rates for a fourth straight meeting next week and perhaps until 2025 because of the war in Gaza, sticky inflation and a widening risk premium, a Reuters poll showed.

Bank of Israel firmly on hold next week, possibly until 2025: Reuters poll

Markets Insider

Stocks rose Tuesday, with the S&P 500 closing at an all-time high above 5,500. Dovish comments from Fed Chairman Jerome Powell helped propel stocks higher. Meanwhile, Tesla jumped 10% after beating estimates for second-quarter deliveries. US stocks jumped Tuesday on encouraging remarks from Federal Reserve Chairman Jerome Powell, which sent...

Stock market today: Stocks close at records as Powell strikes dovish tone and Tesla shares spike

The rush to buy gold in Vietnam and Thailand hasn’t let up despite high prices and long lines. Last month, the Vietnamese government launched a scheme to drive gold prices lower. The State Bank of Vietnam (SBV) sold gold bars directly to four state-owned commercial banks at 78.98 million...

As Currency Depreciates, Vietnamese and Thai Investors Flock to Gold

Fox Business

A report released by the World Gold Council in June found that central banks added the second most gold reserves on record in 2023 as analysts see a potential price surge.

Central banks grew their gold reserves in 2023 as analysts see potential price surge

Newark, NJ

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Morristown Minute

NEWARK, N.J. – Eight individuals associated with the "793 Bloods" street gang, a subset of the national Bloods gang, have been charged for their roles in a Newark-based drug trafficking organization, U.S. Attorney Philip R. Sellinger announced.

Eight '793 Bloods' Gang Members Charged in Newark Drug Network

LONDON/TOKYO (Reuters) -The pound and the euro gained against the dollar on Thursday after weak U.S. economic data sent the greenback lower the previous day, as voting began in Britain and the French election neared.

Dollar weakness supports pound and euro, elections in focus

Even with gold setting new record highs earlier this year, and silver finally breaking the $30 level, we still have yet to see US retail participate in the rally in any significant way. While in many past rallies there's been a surge in demand in US physical metal buying, Andy...

US Retail Yet To Join Gold, Silver Rally

The stock market is in for a correction, as a trio of unfavorable factors will weigh on equity prices, according to Sam Stovall, chief investment strategist of CFRA Research. The Wall Street veteran pointed to the strong performance of stocks so far this year, with the S&P 500 up 15% in 2024. However, the benchmark index is poised to dip 5%, he predicted, thanks to the bearish setup in interest rates, inflation, and stock valuations.

A stock market correction is coming as rates, inflation, and valuations darken the outlook for investors, strategist says

The dollar index (DXY00) today is down by -0.05%. The dollar today is slightly lower, pressured by a decline in T-note yields. The dollar extended its losses after Fed Chair Powell said prices now show signs of resuming their disinflation trend. Losses in the dollar are limited after the US May Jolt job openings unexpectedly increased, a sign of strength in the labor market that is hawkish for Fed policy. Also, weakness in the yen supported the dollar after the yen tumbled to a new 37-year low against the dollar today.

Dollar Slightly Lower as T-Note Yields Decline

Missouri State

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

CJ Coombs

According to Shakey's website, this pizza parlor is only in California, North Carolina, and Washington state in the U.S. now. This was my family's go-to pizza joint when my father was stationed with the Air Force outside of Omaha, Nebraska. We liked it so much, that when we were transferred again, it was hopeful we'd find another one.

Shakey's Pizza Parlor and nostalgia: the first franchised pizza restaurant also landed in Missouri

(Reuters) -Oil prices for Brent crude hit their highest level since April on Thursday, holding above $87 after data the previous day showed a decline in U.S. inventories. Brent crude futures were up 21 cents, or 0.2%, at $87.55 a barrel by 1922 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 18 cents at $84.06 in trade thinned by the U.S. Independence Day holiday.

Brent crude trades above $87, sets highest levels since April

NewsBreak

Gold Prices Forecast: XAU/USD Jumps Resistance as Traders Eye Fed Minutes

LONDON (July 3) Gold is trading higher on Wednesday, crossing above the 50-day moving average that previously acted as resistance. Traders are closely watching for the...

Gold Prices Forecast: XAU/USD Jumps Resistance as Traders Eye Fed Minutes

Comments / 0