April got off to a mixed start for markets as cryptos and stocks dipped while gold rallied to a new record high amid sticky inflation readings from the Fed. - The gold market appears to be building a solid base as price continues to rise even as bullish speculative interest among hedge funds starts to slow, according to the latest trade data from the Commodity Futures Trading Commission.
- Silver is increasingly becoming an industrial and an electrical metal, says Matt Watson, founder of Precious Metals Commodity Management LLC.The start of April has seen Bitcoin dip below $69,000 as crypto proponents countdown the days to the next halving, which is expected to occur in 19 days. - The gold market continues to see considerable bullish momentum near record highs as solid economic data as little impact on the precious metal.
- The gold market continues to be an unstoppable juggernaut as it closes out the month and quarter near a record high, solidly above $2,200 an ounce.Analysts note that gold’s performance on Thursday, which wraps up a shortened trading week ahead of the Easter long weekend, is even more impressive when compared to the U.S. dollar Index, which is trading near a six-week high above 104 points.
- African gold miners should not be trading at a discount to their peers due to heightened geopolitical risk, says Peter Marrone, chairman and CEO of Allied Gold .Gold prices could peak by mid-April, new highs to follow in early summer – Goldwavetrader’s Curry – Gold prices may be heading for a significant near-term correction, but all indications are for the rally to resume as summer begins, according to Jim Curry, Chief Analyst at Goldwavetrader.Solar demand to continue to push silver price higher, this is when markets could see $100 silver - Hecla Mining CEO Phillips Baker
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »