Gold bounces back from yesterday's lows leading into the European open Gold bounced back from the lows of $1795.14/oz seen yesterday to trade at $1817.20/oz leading into the European session. Silver has not recovered in the same fashion as its precious metal counterpart and trades flat at $25.15/oz. In the rest of the commodities complex, […]
Gold and silver move lower leading into the European open Gold and silver are starting the week on the soft side after falling during the Asia Pac session. The yellow metal trades -0.29% lower at $1805/oz while silver has lost just over 1%. In the rest of the commodities complex, copper continues to trade sideways […]
Is the U.S. dollar doomed? The inflation debate is back in the headlines, but gold is trading down nearly 1% on Friday. Analysts are keeping a close eye on the U.S. dollar and the bond market for clues as to where gold might head next. Here's a look at Kitco's top three stories of […]
Don't chase gold and silver at these levels but buy the dips – Carley Garner Although the first quarter should represent the low in precious metals, one market strategist warns investors not to chase the market at current levels. In an interview with Kitco News, Carley Garner, co-founder of the brokerage firm DeCarley Trading, said […]
Gold holds steady above $1800 but fails to truly break out to higher prices Continued pressure from exceedingly strong U.S. equities markets coupled with dollar strength has curtailed any continuation of the momentum created from the most recent rally. Gold hit an intraday low on June 29 of approximately $1750 and then traded higher for […]
Gold and silver trade lower leading into the European open Gold and silver are leading into the first day of the trading week in the red. After closing 1.15% higher last week the yellow metal has lost nearly half a percent to trade at the psychological $1800/oz level once again. Silver has just dipped under […]
Is Bitcoin evolving into a universal, all-use currency? Lyn Alden on reaching 'steady state' growth Bitcoin is fast emerging as a viable form of payment, thanks to improvements in its transaction speeds and reductions in costs from layer 2 payment protocols like Lightning Network, but its utility as a currency makes more sense in some […]
Gold and silver trade lower heading into the European session After a promising start to the U.S. session yesterday gold (-0.24%) ended up closing -0.09% lower and that bearishness has continued today. It was a similar story for silver which now trades at $25.77/oz down 0.48% leading into the European session. In the rest of […]
Gold and silver move lower heading into the European open Gold is starting the session lower on Thursday following six straight sessions of gains. The yellow metal is just hovering around the $1800/oz psychological zone. Silver has fallen -0.85% and trades at just under $26/oz but the wave low on the daily chart looks vulnerable […]
Gold and silver move higher heading into the European open Although gold closed higher during Tuesday's session it retreated from the high of $1815.05/oz and this morning the yellow metal has once again moved higher in the Asia Pac session to trade just above $1800/oz. Silver ($26.32/oz) has also moved higher but has not pared […]