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Gold Surges Past $2,400 on Middle East Conflict Concerns
Gold surged past $2,400 an ounce as concerns over rising tensions between Israel and Iran stoked haven demand.
BNN BloombergApr 18 21:55 ET
Gold market analysis: The Fed hopes to cut interest rates during the year weaken, and gold is beginning to show signs of adjustment and decline
Wang Gang of the Guangdong branch of the Bank of China said that the price of gold fell somewhat on Wednesday, and spot gold fell 0.2%. The pressure caused by the weakening hopes for US interest rate cuts overshadowed the boost from safe-haven demand caused by geopolitical turmoil in the Middle East. Although the price of gold remained near the record high set last week on Wednesday, it is clear that there are signs of an adjustment decline starting from a high point. On Tuesday, senior US central bank officials, including Federal Reserve Chairman Powell, gave up providing any guidance on when to cut interest rates, but instead indicated that monetary policy needed to be limited for a longer period of time, which also slightly curbed the excessive fanatical sentiment of gold bulls.
FX678 FinanceApr 18 01:23 ET
Technical analysis of spot gold: the price stabilizes below the $2,400 resistance
On Wednesday (April 17), spot gold remained volatile, hitting an intraday high of $2394.22 and a low of $2372.61. The intraday report was $2381.69 per ounce, a decrease of 0.02%.
FX678 FinanceApr 17 09:11 ET
US bond yields have risen, and Powell has changed his attitude! Is gold facing a new round of challenges or opportunities?
Gold prices held slightly below record highs on Wednesday (April 17), as safe-haven demand driven by geopolitical risks in the Middle East offset the pressure on rising US dollar and US bond yields. As of press release, gold retested $2,390 to $2389.59 per ounce, which is not far from a record high.
FX678 FinanceApr 17 07:23 ET
Citi: Gold “shines like a diamond”, up to $3,000
Citibank analysts expect that the “lower price limit” for gold will also rise from around $1,000 to $2,000 per ounce.
wallstreetcnApr 16 21:54 ET
Gold Price Benefits From Rising Geopolitical Risks, Lacks Follow-through Buying
Gold price regains positive traction in reaction to Iran’s attack on Israel over the weekend.
FXStreetApr 15 00:18 ET
Buffalo : It is a great fortune and pleasure of reading your daily update post regarding investment strategies. This is a well-written and contained sound, practical advice. Even though the information contained in this post is way more than can chew within a sip of coffee but it is clearly written and thought-provoking. In fact, I (and a lot of Mooers) have already benefited from your discussion on risk versus return in stock market investment. You pointed out several things that I will remember for years to come. I look forward to reading your next informative work. Thank you.
icezzz : Amazing sharing and insight…. Please continue
sTone83 : Fantastic
LEng LEng :
Great informative post again!
Thank you @iamiam!
101828445 : Thank you for the post and insights everyday, @iamiam! Is it a good time to load SQQQ?
TinkerB3ll : @iamiam happy new year do you think NG will run up after today?
102577212 : if the bottom is from mid Feb to March, will there still be a lower lower than Oct 22?
icezzz : Oxy consider is commodity or may drop as recession? oih would be better choice ?
iamiamOP icezzz:
yes oxy would be a commodity play
OIH holds different types of companies than what oxy is, so they could be held together.
oxy is great oil company that has a small fertilizer and nat gas component also.
iamiamOP 102577212: in commodities? I THINK so but something could happen and they bump another level, so if they come down it MAY NOT be cheaper than now (example: CLF was a 3-5 dollar stock now it is 15-20 when we bump again it should get a 24 floor)... that is why I say to average in, and buy stock (you get divis)
Taurus27 : Thank you for taking the efforts to share with us your thoughts. Do rest well .
101633546 : thanks for the UEC update!
TinkerB3ll : Rest well and enjoy the rest of the Sunday evening.
SL99 : 学到了很多,虽然对于图还是不太懂但是会努力慢慢学会看懂,非常感谢你的分享和所付出的时间
tpearly : Much love kind sir! Thank you for your thorough insights, poetry, images, and chart patients. I took a lot of screenshots to study on the desktop as I'm reading this on mobile. Like many others, we look forward to your insights. Christ bless you.
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