Gold Versus Dollar: Precious Metal ‘Entering A Win-Win Phase’ — Bloomberg Intelligence
The well-established negative relationship between the price of gold and the U.S. dollar will lose some of its power in the near future, allowing gold to climb further, said Bloomberg Intelligence’s Mike McGlone.
Read moreGold Up, At 4-Wk. High, Despite Strong Gains In U.S. Dollar
Gold and silver prices are higher in early-afternoon U.S. trading Thursday, but down from their daily highs.
Read morePost-FOMC Direction: Fed Rate Hikes To Cap Gold’s 2018 Gains
Gold’s upward move following the Federal Reserve’s latest rate hike is not a sign of a new rally, said Capital Economics, adding that gold will succeed only in 2019 and 2020.
Two Banks See Post-FOMC Upside Potential For Gold Prices
Gold is poised to climb in the months ahead despite another U.S. interest-rate hike on Wednesday and prospects for further monetary tightening, said two banks in research notes Thursday.
Read moreGold Shows Impressive Resilience In Face Of Surging Greenback
Gold prices have lost some of their earlier gains in late-morning action Thursday, but are still trading with moderate advances on the day.
Read moreBitcoin Daily Chart Alert – Bulls Try To Stop The Bleeding – June 14
Bitcoin-U.S. dollar prices are slightly higher in early U.S. trading, as the bulls try to stabilize the market after prices hit an eight-month low on Wednesday.
Read moreBitcoin Daily Chart Alert – Bulls Try To Stop The Bleeding – June 14
Bitcoin-U.S. dollar prices are slightly higher in early U.S. trading, as the bulls try to stabilize the market after prices hit an eight-month low on Wednesday.
Read moreGold Keeps Recent Gains As ECB’s Draghi Promises No Rate Hikes For At Least A Year
Gold managed to keep early-morning gains as European Central Bank (ECB) President Mario Draghi said there will be no move on rates at least through the summer of 2019 while adding that the quantitative easing (QE) program will end in the end of the year.
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