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Gold/Palladium

  • Hottest Stories for Gold/Palladium

    Bank of Canada raises policy rate 25 basis points, continues quantitative tightening

    From bankofcanada.ca|8 hr ago|6 comments

    The Bank of Canada today increased its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is also continuing its policy of quantitative tightening. Globally, consumer price inflation is coming down, largely reflecting lower energy prices compared to a year ago, but underlying inflation remains stubbornly high. While economic growth around the world is softening in the face of higher interest rates, major central banks are signalling that interest rates may have to rise further to restore price stability. In the United States, the economy is slowing, although consumer spending remains surprisingly resilient and the labour market is still tight. Economic growth has essentially stalled in Europe but upward pressure on core prices is persisting. Growth in China is expected to slow after surging in the first quarter. Financial conditions have tightened back to those seen before the bank failures in the United States and Switzerland. Canada’s economy was stronger than expected in the first quarter of 2023, with GDP growth of 3.1%. Consumption growth was surprisingly strong and broad-based, even after accounting for the boost from population gains. Demand for services continued to rebound. In addition, spending on interest-sensitive goods increased and, more recently, housing market activity has picked up. The labour market remains tight: higher immigration and participation rates are expanding the supply of workers but new workers have been quickly hired, reflecting continued strong demand for labour. Overall, excess demand in the economy looks to be more persistent than anticipated. CPI inflation ticked up in April to 4.4%, the first increase in 10 months, with prices for a broad range of goods and services coming in higher than expected. Goods price inflation increased, despite lower energy costs. Services price inflation remained elevated, reflecting strong demand and a tight labour market. The Bank continues to expect C tweet at 10:00am: BoC statement changes https://t.co/xEvK0UPr7R tweet at 10:02am: BOC STATEMENT REMOVES APRIL LANGUAGE ABOUT HOW BANK IS PREPARED TO RAISE RATES FURTHER IF NEEDED. tweet at 10:03am: BOC: UNDERLYING INFLATION REMAINS STUBBORNLY HIGH GLOBALLY, MAJOR CENTRAL BANKS ARE SIGNALING THAT RATES MIGHT HAVE TO RISE FURTHER TO RESTORE PRICE STABILITY. tweet at 10:04am: BoC: Stronger GDP, CPI Uptick Cited As Reasons For Rate Hike - Concerns Have Increased That Inflation May Get Stuck Above 2% - To Assess Incoming Data, BoC Is ‘Resolute On Curbing Inflation’ - Excess Demand Looks ‘More Persistent’ Than Expected $USDCAD

    Gold Price Forecast: XAU/USD slips due to rising US bond yields, global economic concerns

    From fxstreet.com|6 hr ago

    Gold price retraces after facing solid resistance at the confluence of technical indicators, as well as weighed by rising US Treasury bond yields and a gloomy global economic outlook, with China’s export falling more than estimates. The XAU/USD is trading at $1952.36, down 0.50%, after hitting a daily high of $1970.15. XAU/USD is on the defensive, weighed ...

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  • Latest Stories for Gold/Palladium

    May Auto Sales: Slow (But Not Steady) Recovery in Sales
    From scotiabank.com|12 min ago
    The Strategic Case for Commodities
    From pimco.com|58 min ago
    China’s Gold Binge Extends to Seventh Month as Holdings Climb
    From bnnbloomberg.ca|8 hr ago
    Canadian international merchandise trade, April 2023
    From statcan.gc.ca|10 hr ago
    IMF Executive Board Concludes 2023 Article IV Consultation with South Africa
    From imf.org|13 hr ago
    Global economic outlook improving, albeit to a low growth recovery
    From oecd.org|14 hr ago
    Grade not King: Why low-grade copper won’t deter these ASX miners
    From stockhead.com.au|17 hr ago
    Gold treads water amid Fed uncertainty, copper extends rebound
    From investing.com|18 hr ago
    Hecla suspends operations at its Casa Berardi gold mine in Quebec due to forest fires
    From kitco.com|24 hr ago
    Gold’s Retracement May Have Ended: Technical Analysis Points to Likely Bullish Trend Continuation
    From fxempire.com|25 hr ago
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  • Posts about Gold/Palladium

  • babayaga replied 3 hr ago

    I think that if gold breaks 1940th..,it's open 1932-1928 area and till 1910th(?) she can arrive easily if no.., 1977-1992 area is where to go.., but first above ...

    Gold
  • jayvicious replied 3 hr ago

    Until when do you think? 1938.04?

    Gold
  • mastersplint replied 3 hr ago

    Just got back from a few week vacation down south. Marked up the chart today. This is how I am seeing it and area I am thinking gold will head overall on htf. Looks like theres ...

    Gold
  • babayaga replied 4 hr ago|1 like

    imo 1943.86 to break & stay below to me means bearish sign of market.., until then.., not yet and btw gold is precisely here right now..,

    Gold
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