Orla Mining Brief: Filing Request for Arbitration Against Panama
04:22 PM EDT, 07/03/2024 (MT Newswires) -- Orla Mining Brief: Filing Request for Arbitration Against Panama
Gold outlook for the second half of 2024! World Gold Council: closely focusing on the trends of 4 key catalysts...
According to the World Gold Council, gold will seek new power technology in the second half of 2024, with the decline of interest rates in developed markets as a key catalyst.
"Trump 2.0" fears are approaching! Will gold be a direct beneficiary?
Historical data has shown that if Trump returns to the White House, global investors may turn to gold...
From Bold to Boring
After a rollicking spring rally, gold has settled into a trading range that seems typical for a summertime slowdown. One indicator is now pointing toward a big surprise soon, however.
What happened? Everyone is rushing to withdraw gold reserves from the USA.
Even African countries no longer dare to store their gold in the USA, highlighting the importance of holding physical gold due to the trend of gold repatriation.
Gold price just fell below $2,330! The gold market is focused on two big events. FXStreet senior analyst analyzes gold technique.
On Tuesday, the spot gold experienced a short-term decline during the Asian market session, and the gold price just fell below the key level of $2330/ounce. On this trading day, gold traders will focus on the speeches of Federal Reserve Chairman Powell and the US JOLTS job vacancy data.
Silver steals the show in the second quarter! Is it possible to reach a new peak of $50 this year?
Silver's ROI in the second quarter of this year exceeded that of the US stock market, gold, and copper. Analysts expect it to further appreciate.
Prepare for the big gold market! The heavyweight data highly focused by Powell and the Federal Reserve is coming. How to trade gold price?
During the intraday session on Tuesday, July 2nd, spot gold maintained a moderate upward trend. Currently, the gold price is around $2334 per ounce.
Expectations of interest rate cuts are putting pressure on gold and copper again, waiting for this week's PMI data to provide guidance.
Last week's released overseas macro data remained relatively weak, while Fed officials' statements were relatively hawkish, especially Federal Reserve official Bowman pointed out the possibility of interest rate hikes, which put pressure on the market, causing the US dollar to further strengthen against other currencies. This week, there will be intensive release of Euro-American PMI data, which will be a good guide for the market.
Gold Weekly Review: Interest rate cut prospects are clearer, but the market remains cautious. Independence Day partnering with non-agricultural data could disrupt investment layout.
Spot gold maintained a volatile consolidation this week, opened at $2321.88/ounce, peaked at $2339.79/ounce, bottomed out at $2293.69/ounce, and finally closed at $2326.72/ounce. The trend of the US dollar continues to dominate the recent gold trend. And the Fourth of July in the United States will make next week's economic data unusual, and important releases will be compressed on both sides of the holiday.
[Kitco Gold Survey] Wall Street will remain on the sidelines next week, while retail investors have mixed views on the outlook for gold prices.
The gold market continues to be dominated by slow stability, and the price of gold is trading within a narrow range between $2300/ounce and $2340/ounce. The latest Kitco News gold weekly survey shows that most industry experts plan to observe next week, while individual investors have differing opinions on the short-term outlook for gold.
Gold prices slightly fell with a cumulative increase of over 12% in the past six months, as inflation data helped to boost hopes of interest rate cuts for the rest of the year.
On Friday, June 28th, spot gold fell by 0.05%, closing at $2326.31 per ounce. After the US PCE inflation data release, it reached a daily high of $2339.76 per ounce at 21:09 Beijing time. It fell by about 0.10% in June and rose by over 12.78% in the first half of 2024.
Here's why the price of gold suddenly surged nearly $30! Will the US PCE inflation ignite the situation? How will gold move?
On Thursday, the expectation that the Federal Reserve will begin to cut interest rates this year due to weak economic data put pressure on the US dollar and sent spot gold up nearly $30. Phillip Streible, chief market strategist at Blue Line Futures, said some of the data that has been released supports the gold market, basically due to wholesale inventories lower than expected, final GDP significantly declining, lowering the US dollar index and boosting gold prices. On Friday, investors will welcome the heaviest economic data of the week - US PCE inflation data, which is expected to trigger a major market reaction.
Scotiabank Downgrades Orla Mining(ORLA.US) to Hold Rating, Maintains Target Price $4.2
Scotiabank analyst Ovais Habib downgrades $Orla Mining(ORLA.US)$ to a hold rating, and maintains the target price at $4.2.According to TipRanks data, the analyst has a success rate of 45.5% and a tota
BMO raises forecast: Gold price is bottoming out, gold and silver will rise before the end of the year!
Analysts say that gold is returning to the global currency system and this will be a long-term trend for the next decade.
Orla Mining Brief: Reporting "Positive" Drilling Intersections and Metallurgical Results at Camino Rojo Sulphide Extensions
06:04 AM EDT, 06/26/2024 (MT Newswires) -- Orla Mining Brief: Reporting "Positive" Drilling Intersections and Metallurgical Results at Camino Rojo Sulphide Extensions
Silver awaits major breakout situation! Renowned institutions: if confirming the breakthrough of this support, silver prices are expected to fall by more than 2%
In early European trading on Tuesday, spot silver continued to be under pressure, with silver price currently around $29.50 per ounce. According to Economies.com, if silver price confirms breaking through the resistance of $29.30 per ounce, this will open up further space for silver price to drop.
Debt concerns or support for a bull market in gold, Bank of America predicts that it could reach $3000 within 18 months.
As long as the market is in an environment more prone to inflation, the "preventive" demand for gold seems to continue.
Silver prices have confirmed breaking through the key level! Institutions specializing in silver trade analysis warn that there may be over 3% more room for a significant drop.
At the end of the Asian market on Monday, spot silver basically stabilized after plummeting nearly 4% on the previous trading day, and the silver price is now around $29.60 per ounce. According to Economies.com, the silver price has confirmed breaking through the key level of $30.06 per ounce, paving the way for further decline in silver prices.
Delivery concerns reoccur! The near-month copper price differential is once again on the rise.
Summary: The COMEX copper price curve has shifted downwards from before, and the curve has further converged in the near term, but the monthly difference in the near term has risen again. Currently, there are only two weeks left before the delivery of the July contract, but there is still no sign of delivery, and the holding position of the July contract is still relatively high. In addition, the continuous depletion of COMEX copper inventory is currently less than 10,000 tons, so the near-term price difference has widened again, reflecting the market's concern about the upcoming delivery. The next two weeks will be critical. Key insights: 1. Last week, precious metals and copper prices fluctuated.