Gold sees solid price gains on bullish outside market forces

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 78%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Gold sees solid price gains on bullish outside market forces gold silver

- Gold and silver prices are higher, with gold solidly up and hitting a six-week high in early U.S. trading Friday. A weaker U.S. dollar index, firmer crude oil prices and a dip in U.S. Treasury yields are friendly outside market elements for the metals markets on this day. The technical charts are also bullish for gold and silver, which is inviting more speculators to the long sides of these markets. April gold was last up $21.50 at $1,944.40 and May silver was up $0.383 at $22.08.

In overnight news, China's central bank eased its monetary policy by lowering its reserve requirement ratio for banks by 0.25%. This follows a move by the European Central Bank on Thursday to raise its main interest rate by 0.5%. The Federal Reserve's FOMC meets next week and there is a debate in the marketplace regarding whether the Fed will raise its main interest rate by 25 basis points, or stand pat amid the U.S. and European banking crises. The rate hike by the ECB makes a 0.

The key outside markets today see the U.S. dollar index weaker. Nymex crude oil futures prices are higher and trading around $69.50 a barrel. The benchmark 10-year U.S. Treasury note yield is presently fetching 3.541%.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 13. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Market participants laser-focused on next week’s FOMC meetingExclusive to Kitco News, technical analyst Gary Wagner provides a daily recap of what happened in the gold market, highlighting important events that captured investors' attention during the U.S. trading session. Wagner's commentary features a mix of fundamental news and technical analysis, noting important support and resistance levels. Tagging Wagner these days doesnt produce desired results. 😁
Sumber: KitcoNewsNOW - 🏆 13. / 78 Baca lebih lajut »