MG Network

our website isOn Vacation

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network


Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 ©

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.



Expert In



Gold steadily rising, aiming for $1,900 per ounce

On Monday, the price of gold significantly increased following a decline in the US Treasuries.

At the time of writing this article, gold futures for June on the New York Stock Exchange Comex rose by 0.88% to $1854.2 per troy ounce. At the same time, the silver contracts for July soared by 1.49% to $27,773 per ounce.


Since Monday morning, the yield on ten-year government bonds has slipped to 1.62% from 1.63% in the previous session and from the previous local high of 1.69%.

Usually, gold advances amid the fall in the US Treasury yields. Besides, the US dollar is weakening due to a drop in the bond market which is bullish for gold. Thus, a dropping dollar makes gold more attractive for holders.

The reason for the decline in government bond yields was fresh macro statistics from the United States published the day before. According to the released data, in the previous month, retail sales in the country did not change from March. Analysts had expected a 1% rise.

However, the current situation in the precious metals market has been quite predictable. So, at the end of last week, analysts said that in the short term, gold prices could exceed $1,850 per ounce, a critical level for gold's further rally.

The past week has been a period of increasing volatility in the gold market. Bulls took the upper hand amid an increase in inflationary pressures and a return to economic uncertainty. Retail investors are deeply concerned about inflation woes.

Today commodity traders are trying to figure out whether the US Federal Reserve will raise interest rates earlier than expected due to rising inflation.

Investors hope that, despite the increase in inflation, the Fed will continue to stick to its dovish approach. If so, gold will only advance higher.

Gold may also edge up amid the growing geopolitical tensions in the Middle East and the aggravation of the conflict between Israel and the Palestinians in the Gaza Strip.

Some analysts predict a jump in gold eventually to $1,900 per ounce. Then, it is likely to remain at this level during the year before a new uptrend. The main driver for its rally is the use of gold by investors as a hedge against inflation.

The material has been provided by InstaForex Company -