News list for "Gold and silver price"
Spot gold and silver prices fell sharply on Tuesday. Spot gold fell to $4,200, falling more than $150 or 3.6% in the day. Spot silver fell more than 6% to $49.10 in the day. XTB Chief Research Officer Kathleen Brooks pointed out that there is no clear catalyst for the sudden drop in gold and silver prices. She analyzed that the overvaluation and the signal that the US CPI data may be worse than expected together triggered the sell-off. Brooks believes that the price correction is not necessarily...
On May 21, Mike McGlone, senior commodity strategist at Bloomberg Industry Research, said that the gold-to-silver ratio usually peaks when the Federal Reserve ends its easing policy - the gold-to-silver ratio reached 100 times on May 20 and is approaching the record quarterly closing level (it reached 113 times in the first quarter of 2020). Unlike previous peaks, the current lack of a key element of Fed easing may herald a lose-lose situation for risk assets. The current gold-silver ratio (100 ...
Overnight CPI data pushed gold and silver prices sharply higher, but the rally appears to have failed to extend. Gold may face a pullback risk today, and options changes show that silver is laying out... > >
JP Morgan Chase forecasts that gold and silver prices will be $2,600 and $34 per ounce in 2025, respectively.
