Spot gold is again trading above $ 1,800 an ounce after massive sales last week that saw gold fall more than $ 200 from its record $ 1,913 to an intermediate low of $ 1702. This August 11% gold correction did not break the upward channel in gold prices. He didn’t even return us the … Read moreThe gold correction in August ended
This was to be expected – after recent gold gains, Chicago-based New York Stock Exchange operator Comex, CME Group, announced another increase in margin requirements for gold futures – the second increase this month. The increase in margin requirements has led to massive sales in the gold market in recent days. Silver also suffered, but … Read moreCME Group and the reasons for the fall in gold in August
Silver retreated slightly yesterday, hitting the $ 24 resistance barrier. If the precious metal overcomes this obstacle, it will head towards the $ 25 area. The further trajectory of the silver price will be heavily influenced by the DXY, as precious metals, and especially silver, known for its increased volatility, are highly dependent on the … Read moreSilver Price Prediction August 18, 2021: Small Pullback
Last week prices for precious metals remained practically unchanged. An ounce of gold hovered around the $ 1,220 mark, while silver traded near the $ 15.4 / oz level. Despite the fact that the dynamics on the precious metals market does not look the best, the latest mints’ figures show a sharp surge in demand. … Read moreGold Bullion Coin Weekly Market Review July 30 – August 5, 2018