Friday, April 8, 2022


Gold, silver consolidating greater | Kitco Information

This morning, gold and silver are buying and selling round $1,895 and $23.80, respectively. Platinum is obtainable round $1,079…

By Staff , in Silver , at February 22, 2022


This morning, gold and silver are buying and selling round $1,895 and $23.80, respectively. Platinum is obtainable round $1,079 and palladium is round $2,372. All the treasured metals appear to be consolidating above latest help ranges — a bullish signal for the advanced. Metals bulls will probably be on the lookout for gold to proceed to steer with a breakout above the $1,900 degree.

Though the U.S. 10-year yield and U.S. greenback index (DXY) commerce in a steady vogue this morning, fairness futures are pointing to a decrease open. The inventory market has been buying and selling on Russia/Ukraine battle headlines and continued to react to the information over the weekend and within the in a single day hours. From a technical perspective, a breach of the Jan. 24 low would open the door to a different leg down within the indices.

Skinny quantity, on account of Presidents’ Day within the U.S., mixed with the overhanging geopolitical risk, could set off additional knee-jerk reactions. Merchants ought to be ready for doable outsized volatility.




Disclaimer: The views expressed on this article are these of the writer and will not replicate these of Kitco Metals Inc. The writer has made each effort to make sure accuracy of data offered; nonetheless, neither Kitco Metals Inc. nor the writer can assure such accuracy. This text is strictly for informational functions solely. It’s not a solicitation to make any change in commodities, securities or different monetary devices. Kitco Metals Inc. and the writer of this text don’t settle for culpability for losses and/ or damages arising from the usage of this publication.



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