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What’s happening with gold right now
VALUABLE – gold is no longer 1.5% protected against the dollar, yields are falling
Spot rose gold 1.4% at $1,840.97 an ounce, 2:20 pm ET (18:20 GMT), upside expected. Gold futures rose 1.4% to $1,841.2.
Why is gold is falling
The main explanation for the decline in gold prices was that its prices were explained by the strength of the dollar after a sharp increase in interest rates by the US Federal Reserve. Spot gold fell 0.2% to $1,817.39 an ounce. It is worth noting that as a result, Bullion fell much more than 3% this week.
What will happen to gold in 2022
Gold price forecast for 2022
BMO Capital Markets, UBS Global Wealth Management and Reuters are forecasting low gold prices of $1,700-$1,800 per ounce of nutrients in 2022 compared to levels seen at the time of writing.
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What happened to the gold stocks
The fall in gold stocks reinforced a strong sell-off in gold driven by strong selling in gold futures backed by a monstrous rally in the US dollar. This anomalous massacre ruined the mood, dragging away that horny patch near the waist and plunging into the herd drop.
Why are gold futures trading higher Tuesday
Gold futures are rising on Tuesday as US Treasury yields fell the day before and the US dollar climbed to a two-year high. However, expectations of rate hikes in the US, Europe, Australia and New Zealand are reducing demand for precious metals.
What’s new at Labrador gold
TORONTO, J NEWSWIRE) (globe – Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR:2N6) (“LabGold” and for the “Company”) is pleased to announce the results of drilling seven wells. , which I would call the Gold Glove target, was drilled at the southeast end of the 100% owned Kingsway project near Gander, Newfoundland.
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