Silver Kitco 24 Hours Chart Spot

Tuesday, November 22nd 2022. | Sample Templates

Silver Kitco 24 Hours Chart Spot – Local gold has increased in price compared to 2020. August. Comex contract, which is the most active futures contract. The spot or forex price is currently fixed at $1,738.59, up more than $9 a day. The most active August gold futures contract is currently trading at $1,750.80, down $0.90 on the day.

Today’s spot and futures movements were heavily influenced by dollar weakness, which accounted for most, if not all, of today’s price movement. According to the KGX (Gold Index), pure gold is currently at $1,736.90 as of 4:46 PM EST. Net profit $8.20 in one day. However, a weaker dollar lifted spot gold to $8.60 and traders pushed the precious yellow metal down to $0.40, sending gold higher today.

Silver Kitco 24 Hours Chart Spot

Silver Kitco 24 Hours Chart Spot

With the ongoing pandemic and this weekend’s protests, riots and looting, there are real concerns about rising tensions between China and the United States. According to Bloomberg, China has suspended imports of some U.S. agricultural products, which not only threatens the trade deal but also undermines the agreement reached in the first phase of the trade deal.

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As Bloomberg reports, “Chinese government officials have ordered major state-owned agricultural companies to stop buying U.S. agricultural goods, including soybeans, as Beijing sees ongoing tensions with the U.S. over Hong Kong as escalating, people familiar with the situation said.

The report also said state traders Cofco and Sinograin were ordered to stop buying. The report was additionally supplemented. “The suspension is the latest sign that the hard-won Phase 1 trade deal between the world’s two largest economies is under threat.” Although Chinese Premier Li Keqiang last month promised to implement the deal signed in January, tensions have continued to rise since then over Beijing’s efforts to tighten Hong Kong.

Last week, President Trump announced that the United States would begin the process of removing some of Hong Kong’s trade preferences, without detailing how many of the changes would take effect or how many concessions would be applied.

The collapse of the US-China talks, combined with the current pandemic and unrest in the United States, could certainly have a dynamic effect on safe-haven asset classes, especially gold.

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Disclaimer: The views expressed in this article are those of the author and do not necessarily reflect those of Metals Inc. The author has made every effort to ensure the accuracy of the information provided; However, Metals Inc. nor can the author guarantee such accuracy. This article is for informational purposes only. This is not an invitation to exchange goods, securities or other financial instruments. Metals Inc. and the author of this article assumes no responsibility for costs and/or damages arising from the use of this publication.

Lundin strikes 10.76 g/t gold over 163.2 meters at Fruita del Norte in 2022. November 21, 6:43 p.m.

Physical demand for silver hits record highs, but ETF spending dominates price action in 2022 November 21 17:41

Silver Kitco 24 Hours Chart Spot

Fear grips the crypto market as BTC hits multi-year low of $15,480 in 2022. November 21 17:23.

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Gold SSGGG: New Kinross Gold COO hits reset button in 2022 November 21 14:07(News) – The silver market has not seen big gains recently due to “big brother” gold. Traders and investors can view silver as both an industrial metal and a safe store of value. The industry outlook for metal silver anticipates the coronavirus pandemic and a possible global economic slowdown, which could limit the number of bulls in the silver market in the coming months.

On the monthly continuation chart of nearby silver futures, see how prices have been held in a sideways trading range for more than four years, as shown by the support and resistance lines on the chart.

A move for silver above the aforementioned trading range would represent a push above long-term technical resistance in the $20.75 area, which would be a long-term rally indicating that there is more room for silver to move higher.

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If gold prices continue to move higher in the coming months, as these charts suggest, it is likely that silver prices will too.

Disclaimer: The views expressed in this article are those of the author and do not necessarily reflect those of Metals Inc. The author has made every effort to ensure the accuracy of the information provided; However, Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. This is not an invitation to exchange goods, securities or other financial instruments. Metals Inc. and the author of this article assumes no responsibility for costs and/or damages arising from the use of this publication.

Lundin strikes 10.76 g/t gold over 163.2 meters at Fruita del Norte in 2022. November 21, 6:43 p.m.

Silver Kitco 24 Hours Chart Spot

Physical demand for silver hits record highs, but ETF spending dominates price action in 2022 November 21 17:41

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Fear grips the crypto market as BTC hits multi-year low of $15,480 in 2022. November 21 17:23.

Crypto SWOT: Advisors Overseeing FTX’s Bankruptcy Struggle for Corporate Money and Crypto in 2022 November 21 14:20

Gold SSGGG: 2022 November 21 reset new Kinross Gold COO 14:07 EST 17:15 in 2021 in June gold futures, the most active contract on the Comex, are currently trading at $1,779.20 for a net gain of $8.60. The price of the June contract was lower than yesterday at $1,763.50 on a daily basis. Gold was also cheaper than yesterday; however, it closed well above Monday’s settlement price.

Market participants who bought it increased today’s price. This can be clearly seen by looking at the current price of spot or forex gold through the Gold Index (KGX). Spot gold is currently trading at $1,778.80 after today’s gain of $6.80. However, the dollar weakened by $2.35, and market participants increased the price of the precious yellow metal by $10.10.

Is Silver A Good Investment?

The main factor that undoubtedly influenced market participants’ buying was the slight decline in the yield on the 10-year bond, which currently stands at 1.56%. The 10-year note was pegged at 1.59% yesterday, so today’s slight drop in yields caught the attention of gold traders.

Market participants react to fundamental news and strong technical identification of a double bottom. As we have already mentioned several times, on March 8 lows tested the strong belief of the bulls that gold was oversold as traders pushed gold prices down to around $1,674. This led to a short-lived rally. The first attempt at a rally failed around $1,742. March 31 were re-checked on March 8. lows, gold fell to $1,678 from $1,742 at the end of March.

April 1 traders pushed gold prices higher on March 30 and 31. lows, while gold futures rose to around $1,730. Gold continued its highs in the first week of April, before consolidating late last week and selling off with resistance between $1,750 and $1,760. On Thursday, April 15, gold gained momentum around $28, which was higher than the consolidation that occurred during the first two weeks of April. $10 followed on Friday, April 16.

Silver Kitco 24 Hours Chart Spot

Gold closed lower yesterday; however, it was as high as $1,790, the highest level of the day since doubling the low of $1,770. Additional gains for the day pushed gold to $1,779.20. Our technical studies suggest that $1,784 is a minor resistance based on the 38.2% Fibonacci retracement. Major resistance is likely at $1,802, which is based on the 100-day moving average.

Gold Futures Trade To $1,742 Before Profit Taking Moves Prices Lower

Disclaimer: The views expressed in this article are those of the author and do not necessarily reflect those of Metals Inc. The author has made every effort to ensure the accuracy of the information provided; However, Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. This is not an invitation to exchange goods, securities or other financial instruments. Metals Inc. and the author of this article assumes no responsibility for costs and/or damages arising from the use of this publication.

Lundin strikes 10.76 g/t gold over 163.2 meters at Fruita del Norte in 2022. November 21, 6:43 p.m.

Physical demand for silver reaches record highs, but on November 21 price action was dominated by ETF costs.

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