Ishares Gold Trust ETF News

Gold price today: Spot gold price has breached its latest high of $1852 per ounce and now it may give fresh breakout at $1865 levels, believe experts

Market Roundup US Feb Michigan Consumer Expectations 57.4,64.1 previous US Feb Michigan Current Conditions 68.5,73.0 forecast, 72.0 previous US Feb Michigan Consumer Sentiment 61.7,67.5 forecast,67.2

The United States and its allies urged their citizens to leave Ukraine right away to avoid a Russian invasion, including a possible air assault, that Washington said on Friday, February 11, could occur anytime. Moscow accused Western nations of spreading lies to distract from their own aggressive acts. The United States and Europe stepped up their warnings of an imminent attack while the Kremlin, jostling for more influence in post-Cold War Europe, rejected a joint EU-NATO diplomatic response to its demands to reduce tensions as disrespectful. Russia has amassed more than 100,000 troops on the Ukraine border but denies it plans to invade. US officials, while pressing for diplomacy, said Russia could invade before the conclusion of the Winter Olympics on February 20 and may seek to seize the capital Kyiv and other cities. US national security adviser Jake Sullivan said Americans could not expect military evacuation if they remained in Ukraine and should leave within 48 hours. “We continue to see signs of Russian escalation, including new forces arriving at the Ukrainian border,” Sullivan told reporters. “We are in the window when an invasion could begin at any time.” “If a Russian attack on Ukraine proceeds, it is likely to begin with aerial bombing and missile attacks that could obviously kill civilians without regard to their nationality,” he said.

The United States and its allies urged their citizens to leave Ukraine right away to avoid a Russian invasion, including a possible air assault, that Washington said on Friday could occur anytime.Moscow accused Western nations of spreading lies to distract from their own aggressive acts.The United States and Europe stepped up their warnings of an imminent attack while the Kremlin, jostling for more influence in post-Cold War Europe, rejected a joint EU-NATO diplomatic response to its demands to reduce tensions as disrespectful.Russia has amassed more than 100,000 troops on the Ukraine border but denies it plans to invade.U.S. officials, while pressing for diplomacy, said Russia could invade before the conclusion of the Winter Olympics on Feb. 20 and may seek to seize the capital Kyiv and other cities.U.S. national security adviser Jake Sullivan said Americans could not expect military evacuation if they remained in Ukraine and should leave within 48 hours."We continue to see signs of Russian escalation, including new forces arriving at the Ukrainian border," Sullivan told reporters. "We are in the window when an invasion could begin at any time.""If a Russian attack on Ukraine proceeds, it is likely to begin with aerial bombing and missile attacks that could obviously kill civilians without regard to their nationality," he said.Australia and New Zealand became the latest countries to urge their citizens to leave as soon as possible, joining Britain, Japan, Latvia, Norway and the Netherlands.

The price of gold may continue to retrace the decline from the November high ($1877) if it manages to clear the opening range for 2022.

(Kitco News) - The news of U.S. inflation soaring to new four-decade highs is sending shock waves through Wall Street as markets price in a half-point rate hike by the Federal Reserve in March. But the gold market is not buying into the narrative, with prices climbing to test critical trading levels.

Jobless claims declined more than expected

Peter Schiff: The Fed''s Important Admission Via SchiffGold.com, Atlanta Fed President Raphael Bostic made an important admission during a CNBC interview. He confessed the Fed wasn’t really going all-in on the inflation fight. That raises a question: how is it going to tame the inflation monster? Peter Schiff talked about this admission during his podcast, along with a head-scratching article about the trade deficit in the Wall Street Journal . The US trade deficit shattered historical records in 2021 . The Wall Street Journal claims this is a sign of a strong economy . Peter said that’s an absurd statement. That’s like your kid brings home an F on his report card and you’re like, ‘Oh, that must stand for fabulous.’ It doesn’t. It is failure. A 27% explosion in a deficit is an abysmal failure of an economy.” Imagine if the trade surplus was up 27%. Would the Wall Street Journal be reporting this as a sign of a weak economy? Of course not. You can’t have it both ways. Either an increase in your trade surplus is good or an increase in your trade deficit is good.

Oil Crude prices have been in a ping-pong session over the past couple of days as energy traders monitor headlines regarding the Russia-Ukraine geopolitical conflict and Iran nuclear talks. The Biden administration reached out to the Saudis but was unable to make any progress in getting oil prices down. The Saudis are sticking to their []

Gold prices touched their highest level in two-weeks on Thursday, supported by a weaker dollar and as data showing a spike in U.S. consumer prices boosted the metal''s appeal as a hedge against inflation.

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Gold markets went back and forth quite wildly after the CPI number came out hotter than anticipated. By doing so, this shows just how strong the gold market is.

Gold and silver may be looking to make some big moves at the end of this week, as the heavyweight of inflation data is released. US inflation is released on Thursday, and investors will immediately be trying to determine what the results and the subsequent commentary from Fed officials could mean for gold and silver. As it stands, the market is expecting US inflation (YoY to January) to be 7.3%, and for the US Federal Reserve to strongly signal a rate hike of 0.25% in its next meeting, to be implemented in March. More forceful and frequent commentary from Fed officials concerning an initial rate hike greater than 0.25% could significantly move the gold and silver markets. For now, this is a scenario that is largely dismissed when put Full story available on Benzinga.com

Prices of gold and silver rose on Thursday as appetite for safe-haven assets grew after the United States'' inflation report for January, which showed that inflation quickened to the annual rate of

Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to come together in community in order to survive and thrive through the hyperinflation she sees in the near future.