Graniteshares Gold Trust ETF News

Gold steadies as focus turns to Fed decision

The most highly antipated FOMC Meeting of 2022 and quite possibly the most important monetary policy decision in Jerome Powell’s career is finally here – as the central bank prepares to announce its first interest rate hike since 2015.

(Kitco News) - Disappointing economic data, as U.S. consumers spent less than expected last month, continues to have little impact on the gold market as prices see continued selling pressure.

(Kitco News) - Gold and silver prices are slightly lower in early U.S. trading Wednesday, as trader/investor risk appetite is keener at mid-week.

Where would the price of gold go following today’s Fed release?

Gold prices are moving sideways after the aggressive selling interest from the 19-month peak of 2,070.40, returning back near the 1,900 mark. The RSI indicator is flattening around the oversold region, while the MACD is still developing with weak momentum in the negative area. In trend indicators, the 20- and 40-period simple moving averages (SMAs) […] The post Gold Struggles above 1,900; Bearish-to-Neutral Bias in Short-Term appeared first on Action Forex .

VANCOUVER, BC , March 16, 2022 /CNW/ - Etruscus Resources Corp. (CSE: ETR ) (OTC: ETRUF ) (FSE: ERR) (the "Company" or "Etruscus"), is pleased to announce results from the Company''s 2021 field exploration program (the "Program") at the Lewis Property (the "Property") located adjacent to New Found Gold Corp''s Queensway gold project in the Gander Gold Belt of central Newfoundland, Canada ( Click Here to View Area Map ). The Program was designed to both identify new targets and help prioritize previously discovered showings by past operator Noranda Resources. The Program included a total of 1,922 soil samples, 60 rock samples* and over 100 geological mapping points. As a result, the Company''s exploration efforts have identified several new high-grade gold targets. These targets will be further assessed with a geophysical induced-polarization and magnetics survey ("IP" or "IP Survey") this spring, with a goal of defining drill targets for the upcoming 2022 drill program ( Click Here to View Property Map ).

Gold and silver futures dropped on Wednesday, March 16, ahead of the U.S. Federal Reserve policy decision.

On Tuesday, gold price fell sharply, extending a three-day downtrend. As FXStreet’s Dhwani Mehta notes, March lows remain in sight near $1,900 ahead o

MCX gold April contract was down 34 percent at Rs 51,390, while silver was trading 57 percent down at Rs 67,938. Gold prices in India had hit Rs 55,000 mark on March 9 for the first time in over one-and-half-year.

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https://www.investing.com/analysis/gold-and-silver-longterm-resistance-levels-breakouts-ahead-200620107

On Wednesday, gold futures on MCX for April delivery were trading at Rs 51,564 per 10 grams, down Rs 201 or 0.39 per cent. Holdings of the world''s largest gold-backed exchange-traded fund, SPDR Gold Trust, had fallen 0.2 per cent to 1,061.8 tonnes on Tuesday.

24K Today Gold Rate in Pakistan is 129,400. Also see latest rates of 22K, 21K, 18K on 16th March 2022

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