Ishares Gold Trust ETF News

Metal slightly stronger, though close to recent lows as robust dollar steals its thunder

Metalicitys first diamond hole at the Leipold lode is already making waves with indications that gold mineralisation at this location may extend at depth.

Key Highlights Gold price extended increase above the $1,850 resistance zone. It traded below a key bullish trend line with support near $1,867 on the 4-hours chart. Crude oil price is struggling to stay above the $80.00 support. The Euro Zone CPI could increase 4.1% in Sep 2021 (YoY). Gold Price Technical Analysis This past [] The post Gold Price Could Start Correction, Dollar Gains appeared first on Action Forex .

US stocks rallied after an impressive retail sales report, solid industrial production data, and retail earnings showed the consumer is handling the current pricing increases. All signs are pointing to a very strong holiday season for retailers and that should help keep sending stocks higher. Financial markets are fixated on inflation, but now agree that []

Peter Schiff: The Only Thing Transitory Is The Fed''s Credibility Via SchiffGold.com, The October CPI numbers came in much higher than expected . In his podcast, Peter dug into the data juxtaposed with the official narrative that inflation is transitory. When you boil it all down, the only thing that is transitory is the Federal Reserves credibility. Peter said hes been taking the over on CPI projections all year. And hes mostly been right. The CPI has come in above expectations every month except for one. Octobers 0.9% month-on-month rise in CPI was nearly double the projection. In fact, it was above the upper end of the consensus expectation. Core CPI is the Feds preferred inflation measure because it strips out volatile food and energy prices. The annual rise in core CPI came in at 4.6%. That is more than double the official 2% target. Even their new target where theyre targeting slightly above 2% well, if slightly above 2% is 2.2, which would be 10% more than 2, 4.6 is more than double slightly above 2, even when you strip out food and energy. Of course, its silly to exclude food and energy because everybody eats and uses energy.

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TL;DR Breakdown: A Bitcoin whale just paid $1 to transfer about $900 million in BTC. This is uncommon with fiat and gold. Bitcoin is currently down by 7.5% to $60,357, according to CoinMarketCap. Hours leading to the time of publication, Whale Alert spotted a series of transfers from a Bitcoin whale initially involving a total […]

Gold continues on its way up as investors seek to hedge against inflationary pressures. The rally picked up steam after a break above the triple top at 1833. Price action is grinding up along a rising trendline. The bulls are pushing towards 1884, a major resistance where last Junes sell-off started. Strong selling pressure is [] The post XAU/USD Tests Trendline appeared first on Action Forex .

Gold continues on its way up as investors seek to hedge against inflationary pressures. The rally picked up steam after a break above the triple top a

Gold, XAU/USD, US Retail Sales, Treasury Yields Talking Points Gold prices look higher after big gain on inflation worries US retail sales may provide the key for XAUs direction XAU/USD eyes psychological 1900 level as prices gain Golds recent upside appears to be stalling out after prices cleared a key level of resistance during [] The post XAU/USD Eyes US Retail Sales for Direction appeared first on UK Stocks, Forex, Commodities, Crypto, Live Market News- Daily Forex News .

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Gold (XAU/USD) takes offers to refresh intraday low, following an uptick to refresh a five-month high. That said, the yellow metal trades near $1,862

By Edward Moya US stocks tried to rally after manufacturing rebounded in the Empire State, the Dubai Air Show optimism signaled the recovery is improving, Chinese activity improves, and on expectations tensions may start to [] The post OANDA Stocks drift lower, Empire impresses, Dollar higher with yields, Biden/Xi, Oil pares losses, Gold rally pauses, Bitcoin sideways appeared first on Business News This Week .

Oil Crude prices initially declined as pressure grows for the White House to tap the SPR. US energy secretary Granholm reiterated President Biden is considering limited tools he has to address high gasoline prices. Over the weekend, Senate Majority Leader Schumer pushed Biden to release oil from the Strategic Petroleum Reserve. The crude demand outlook []

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