Silver prices yesterday closed up by 0.29% at 69543 supported by weaker dollar and a dovish testimony from Federal Reserve Chair Jerome Powell.
Crude Oil Prices Slip After U.S. Supply Rise | Gold Silver Reports
Crude Oil prices declined in New York after an industry report showed U.S. crude stockpiles rose last week amid a spate of refinery outages from the country’s recent cold snap.
TRADING THOUGHT : I Fear Not The Man Who Has Practiced
TRADING THOUGHT : I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times. Bruce Lee
Will interest rates rise in 2021? Powell Says No Rate Hike, No Taper
Will interest rates rise in 2021? Powell Says No Rate Hike, No Taper. Investors sold U.S. dollars after Federal Reserve Chairman Jerome Powell made it very clear on Tuesday that there will be no interest rate hikes or tapering in the foreseeable future.
Gold Prices Needs to Break $1827 for Next upside Level
Gold Prices Needs to Break $1827 for Next upside Level, US President Joe Biden’s stimulus package heads towards House vote, Gold’s comeback from multi-month lows gathers momentum into the 3rd straight session this Tuesday 23, 2021. Gold is building on Monday’s 1.5% surge, as rising worldwide inflation expectations bode well for the inflation-hedge.