Precious metals markets are finishing out a choppy 2022 on an up note. A strong fourth quarter is pushing both gold and silver prices back up into positive territory for the year.
Precious metals markets got off to a rough for the month of September. Gold prices fell to test the $1,700 level on Thursday. As of this Friday recording, the monetary metal is back up above $1,700 and currently trades at $1,721 an ounce...
As central bankers from around the world gather in Jackson Hole, investors are bracing for more rate hikes to come. The Federal Reserve is poised to hike again in September to try to cool inflation.Meanwhile, the Biden administration is...
Precious metals markets are giving up ground this week as investors react to the latest musings from the Federal Reserve. On Wednesday, the Fed released the minutes from its latest policy meeting. Officials acknowledged some of the warning...
Precious metals markets continued rallying early this week. They gave back some of their gains on Thursday. As of this Friday recording, gold prices are up 1.0% for the week to trade at $1,803 an ounce. The silver market shows a weekly...
Rising geopolitical tensions helped push gold prices up this week. The monetary metal ran to $1,800 an ounce on Thursday. As of this Friday recording, gold is pulling back some and comes in at $1,781 now – up 0.4% for the week.
As the economy heads into what looks an awful lot like a recession, gold and silver markets are making a comeback. Gold is rallying 2.1% this week to bring spot prices to $1,772 an ounce.
After several brutal weeks of selling in precious metals markets, bulls are seeking a catalyst for a potential turning point. They may have gotten one via currency markets.
Another pair of alarming inflation reports jolted markets this week. On Wednesday, the Consumer Price Index came in at a 9.1% annual rate. The higher-than-expected reading puts the CPI at a new 41-year high.
Fears of further Fed tightening continue to weigh on metals markets. On Wednesday, the Federal Reserve released the minutes from its most recent policy meeting. As CNBC reported, central bankers remain fixated on inflation.