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Gold, Silver, Platinum Forecasts – Gold Tests New Highs As Rally Continues
Gold: chart Gold tested new highs despite rising Treasury yields. Demand for safe-haven assets increased as U.S. stock indices pulled back from recent highs. The bullish trend is strong. However, RSI remains in the overbought territory, so the risks of a pullback are increasing. Silver: chart Silver rallied as gold/silver ratio pulled back towards 87.60. Currently, silver is trying to settle above the key resistance at $25.75 – $26.00. A move above $26.00 will signal that silver is ready to gain sustainable upside momentum. Platinum: chart Platinum gained ground amid a broad rally in commodity markets. U.S. ... (full story)
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From @DBNewswire|Apr 2, 2024|2 commentspost: Fed’s Daly: No Urgency to Adjust the Rate post: Fed’s Daly: We Need to See How Long to Leave Rates Where They Are Fed’s Daly: Inflation’s Coming Down, Bumpy and Slow post: Fed's Daly: There's A 'Real Risk' Of Cutting Rates Too Soon - Economy Is Improving, There Is A Path Where Interest Rates Start To Adjust This Year, Just Not There Yet - If We Lock Inflation In At This Level, That's A 'Toxic Tax' - We Want To Fully Bring Inflation Back To 2% - 3… post:
FED'S DALY: 3 RATE CUTS THIS YEAR IS A REASONABLE BASELINE.
From youtube.com/sffed|Apr 2, 2024Federal Reserve Bank of San Francisco President Mary C. Daly will participate in a fireside chat to discuss inflation, the labor market, and the state of the economy. The event ...
From cnbc.com|Apr 2, 2024Cleveland Federal Reserve President Loretta Mester said Tuesday she still expects interest rate cuts this year, but ruled out the next policy meeting in May. Mester also indicated ...
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From youtube.com/cnbctelevision|Apr 2, 2024Imaru Casanova, VanEck International Investors Gold Fund portfolio manager, joins 'The Exchange' to discuss catalysts behind gold's recent price movements, how much inflation is ...
From mining.com|Apr 2, 2024Copper rallied back above $9,000 a ton as investors weighed upbeat factory data from top consumer China and the potential for output cuts by the country’s leading smelters. ...
From bnnbloomberg.ca|Apr 2, 2024|1 commentFederal Reserve Bank of San Francisco President Mary Daly said three interest-rate cuts is still a reasonable expectation for 2024, though there’s no urgency to make adjustments ...
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- Posted: Apr 2, 2024 2:16pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 284
