Gold heads for weekly decline
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Bitcoin (CRYPTO: BTC) critic and economist Peter Schiff issued warnings on Friday about America’s mounting debt crisis, linking current fiscal challenges to the 1971 decision that ended the gold standard.
Has the remarkable price uptick finally run out of steam, or is this just a breather before the next big move?
Gold futures settled Thursday at a two-week low, contributing to a more than 3% loss so far this week, as the biggest monthly [increase in the producer-price index in three years](
With the dollar falling, gold is gaining attention—learn if now’s the right time to invest and how it could protect your portfolio.
Gold rose on Wednesday, lifted by a weaker dollar and falling Treasury yields, as mild U.S. inflation data cemented expectations for a Federal Reserve rate cut in September and nudged up bets on additional easing later this year.
Explore how a strong dollar and robust economic data impact gold prices. Click for my look at the latest GDP figures and other economic news affecting markets.
Gold prices may reach $7,000/ounce by 2030 due to potential dollar devaluation, impacting global markets and investments.
Gold futures prices rose on Friday as the dollar weakened, as markets assess US economic data that reduced the likelihood of a 50-basis-point interest
Gold and silver are poised for bullish breakouts as persistent inflation, rising tariffs, and a weakening US Dollar fuel safe-haven demand.
Bulls need to defend $3335 as this zone aligns with ascending channel support trendline failing which, Gold will be exposed to further decline to $3330-$3325-$3322 A consolidated rebound requires holding above $3335 and price action breakout above $3358 which is overhead turning point for further upside.
Gold prices edged down on Thursday due to a slight uptick in the U.S. dollar index, although expectations of a Federal Reserve interest rate cut in September limited losses.