Often overlooked at favor of its precious metal cousin Gold – Silver prices have tallied up an impressive gain of over 80% in the last year. Silver prices are currently trading above $28 an ounce. That’s a whopping 85% rise from a year ago, when the spot price was around $15 an ounce.
Posts by admin
Gold eases on firmer dollar, bond yields ahead of U.S. inflation data
Gold prices slipped on Friday as the dollar and U.S. Treasury yields firmed, while investors awaited U.S. personal consumption data later in the day to gauge inflationary pressure. Gold has been a little bit on the defensive side. Technically it was very overbought, and on the fundamental side, the dollar had a big move up yesterday and that started to impact gold.
China, India buying adds support to bullish gold narrative
Gold has snuck back on to the radar screens of investors thanks to increased concern about inflation pressures, but the precious metal also appears to be getting a boost from renewed interest from the top two physical buyers, China and India.
Gold steadies near four-month high as Central Banks in focus
Gold steadied near the highest level in more than four months as investors weighed the future of monetary policy in a post-pandemic world. Reserve Bank of India increased its gold holdings by 33.9 tons to 695.31 tons in the nine months to March 31, the central bank said in its annual report
Gold erases 2021 loss with FED policy steady, bond yields ebbing
Gold prices rose above the key psychological level of $1900 per ounce on Wednesday, helped by a weaker dollar and growing inflation concerns after Federal Reserve officials maintained a dovish stance over rates.
Gold steadies near four-month high amid FED Inflation comments
Gold traded near the highest level in more than four months as investors weighed comments by Federal Reserve officials who tried to soothe concerns about inflation Gold is close to erasing this year’s decline as investors turn more bullish on the precious metal, with holdings in bullion-backed exchange-traded funds on an uptrend.
India’s gold market in April
Total holdings for Indian gold-backed ETFs (gold ETFs) reached 33.1 tonnes by the end of April; a net inflow of 1.3 tonnes. Indian official imports were steady and the local market premium fell sharply. The Reserve Bank of India (RBI) made no gold purchases in the month, maintaining its total gold reserves at 695.3 tonnes.
Gold holds near 4-month high amid bullish investor sentiment
Gold headed for a third straight weekly gain as investors weighed signs of inflation and economic recovery. The precious metal is trading near the highest level in more than four months amid rising inflation expectations, static Treasury yields and concerns of a resurgence of coronavirus cases in some countries.
Gold stands tall amid Bitcoin’s goofiness
Bitcoin and other cryptocurrencies saw extreme volatility this week on Wednesday 19 May. Bitcoin, for instance, started trading at $42,945. It reached a high of $43,546 during the day, dropped to a low of $30,681, and finally closed the day at $37,002. A 31% plunge in the morning and a 33% surge in the afternoon.
Gold is still ‘relatively cheap’
The gold to silver ratio represents the relative value of one ounce of silver to one ounce of gold. It is a weight for weight comparison. In basic terms the…
Gold rises near four-month high as bond yields, dollar decline
Gold advanced, holding near the highest price in more than four months as bond yields gave up early gains and the dollar extended its slump. The yield on 10-year Treasuries declined, and the dollar headed for its fifth loss in six sessions. Falling rates boost demand for non-interest bearing bullion, while a soft dollar makes the precious metal for attractive for investors holding other currencies.
Gold holds near four-month high as FED Minutes, Bitcoin falls 50% from its top
Gold steadied near the highest level in more then four months as investors assessed the minutes from the Federal Reserve’s meeting in April flagged the possibility of a debate on…