📌 Gold catching its breath above $4,000/oz as Fed uncertainty pauses rally
Gold prices are holding above $4,000 per ounce, building a new support zone and consolidating in a high trading range. However, the market has yet to convincingly break through the $4,200 level, which many analysts see as a sign that gold has entered a consolidation phase to gather momentum for the next leg higher. With uncertainty lingering around the Federal Reserve’s (Fed) path for future rate cuts, some experts view the current pullback as a necessary step before gold can retest the record highs seen last month.
📌 Bitcoin November 14 daily chart alert: Bears in control, further downside risk
On November 14, Bitcoin futures prices fell and set a new contract low during early trading. From a technical perspective, this is interpreted as a signal that bearish forces are in control, with room for additional downside. As price volatility picks up again, traders should pay close attention to any signs of a short-term trend reversal and whether key support levels hold or break.
📌 Hawkish Fed remarks trigger sharp sell-off in gold and silver as December rate-cut hopes fade
Gold and silver prices dropped sharply early in the U.S. session under heavy selling pressure. The move appears to have been driven by fading market expectations for a Federal Reserve rate cut in December. With volatility in the stock market also increasing, investors are closely watching upcoming U.S. economic data and additional Fed commentary for clues on where gold and silver prices may head next. In the short term, the Fed’s hawkish (tightening-biased) stance is acting as a headwind for traditional safe-haven assets.
📌 East Africa Metals reports illegal mining at Tigray gold sites in Ethiopia
Amid surging gold prices, reports have emerged of illegal mining at two East Africa Metals (TSXV: EAM) concessions in Ethiopia’s Tigray region. The company maintains that the projects are currently idle and inaccessible, but local testimonies suggest that former soldiers and Chinese miners have been extracting gold from the area. The region’s interim president has ordered asset seizures and a halt to mining activities, yet escalating conflict in the south is complicating enforcement. Local communities, meanwhile, are reportedly seeing little benefit from the resources, raising concerns that mining activity could become a new flashpoint for conflict.
📈 Gold Analysis
