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Silver Price Forecast: XAG/USD Plummets To $26 Despite Weak US NFP Data
Article By:
Sagar Dua
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Friday, May 3, 2024 10:28 AM EDT
Silver price plunges to $26 despite a sell-off in the US Dollar and bond yields. The US NFP report for April exhibited weak labor demand and soft wage growth. Weak labor demand will boost Fed rate cut prospects for September.
In this article: SLVR
Gold Commentary - Friday, May 3
Article By:
James Harte
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Friday, May 3, 2024 6:29 AM EDT
Gold prices are trading a little softer on Friday as traders brace for the latest set of US labour market readings. The last three months’ worth of NFP results have each surprised to the upside, keeping USD well bid consequently.
In this article: GLD
Daily Market Outlook - Friday, May 3
Article By:
Patrick Munnelly
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Friday, May 3, 2024 5:43 AM EDT
The main focus this week has been on the US as markets anticipate signals for when the Federal Reserve will cut interest rates. Today, there is a busy US data calendar, with the labor market report being a key signal of economic conditions.
After Sharp Pullback, Where Does Gold Go Next?
Article By:
MoneyShow.com
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Friday, May 3, 2024 2:20 AM EDT
Even when you know it’s coming at some point, the shock of a market sell-off like what we saw recently in gold is still unsettling. After seven weeks of dizzying gains with few interruptions, gold had gotten tremendously overbought.
“Safe Haven” Yen Trending Towards Zero Against Gold
Article By:
SchiffGold
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Thursday, May 2, 2024 1:34 PM EDT
The yen was once known as a safe-haven currency for investors to protect themselves when broader markets are shaky or other currencies are dropping, but those days are numbered.
The Most Important Gold Chart In 2024
Video By:
Jordan Roy-Byrne
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Thursday, May 2, 2024 1:09 PM EDT
Gold against the 60/40 portfolio is the most important gold chart for 2024.
In this video: GLD
Navigating Stagflation: Money Metals Midweek Memo
Article By:
Stefan Gleason
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Thursday, May 2, 2024 6:54 AM EDT
In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey delves into the complexities of the current economic landscape including that of China as a member of BRICS, Federal Reserve policies, and stagflation.
Market Fluctuates Amid Fed Decision And Mixed Corporate Earnings And Economic Signals
Article By:
The Private Banker
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Thursday, May 2, 2024 6:30 AM EDT
The U.S. stock markets exhibited mixed responses on Wednesday as investors navigated through a complex landscape of disappointing corporate earnings and a slew of economic data.
In-Depth Analysis Of Current Economic Indicators And Interest Rate Projections
Article By:
The Private Banker
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Thursday, May 2, 2024 5:23 AM EDT
Interest rate futures, as captured, indicate minimal expectation for rate cuts within the year, reflecting a market adaptation to an extended period of higher rates.
Silver Price Analysis: XAG/USD’s Uptrend Remains Intact, As Bullish Harami Looms
Article By:
Christian Borjon Valencia
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Wednesday, May 1, 2024 8:10 PM EDT
Silver's price stayed firm at around $26.64 after the Fed decided to hold rates unchanged and Powell’s press conference.
In this article: SLV
Something Else Is Driving Gold
Article By:
SchiffGold
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Wednesday, May 1, 2024 6:30 PM EDT
This analysis attempts to look at different metrics to understand the current momentum in the gold and silver markets. It is meant as an analysis of potential price direction in the very short term (1-2 weeks).
Stocks And Precious Metals Charts - From Enemy Occupied Territory
Article By:
Jesse's Cafe Americain
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Wednesday, May 1, 2024 4:51 PM EDT
Stocks lost their moonshot in the last hour and dumped back all the way to unchanged with a vengeance. Gold and silver managed to hold on to some of their gains, but were well off their highs.
Central Bank Gold Buying Sets New 1st Quarter Record
Video By:
Chris Marcus
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Wednesday, May 1, 2024 2:06 PM EDT
The central banks have been on a gold buying spree ever since Russia was sanctioned by the US in early 2022. And they just set a new first-quarter record for the amount of gold purchased.