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Gold and silver move higher leading into the European open Gold has had another great session overnight breaking out of its consolidation area between $1797.21/oz and $1750.78/oz to the upside. Silver has also followed suit to trade 0.77% higher at $26.63/oz. In the rest of the commodities complex, copper is building on gains seen yesterday […]
Gold kicks off the week flat leading into the European session After closing 0.39% higher last week gold kicks of the week flat. Overnight the yellow metal gapped lower to trade at $1767.20 but has since recovered to start the European session at $1786.31/oz. Silver is 0.20% higher at $26.50/oz and had no such problems […]
After the worst June since 2013, is gold price ready to rebound? After dropping more than 7% in June, gold is trying to rebound. Can the precious metal see $1,800 an ounce breached next week as higher inflation continues to worry industry experts? Here's a look at Kitco's top three stories of the week: […]
Gold price has a chance to break out next week, here's why – analysts Gold could see a significant rally above the $1,800 an ounce level next week after the release of the Federal Reserve's June monetary policy meeting minutes, analysts told Kitco News. One of the biggest events to watch next week will be […]
The last trading day of the first half of 2021 concludes, and gold incurs losses Now that the last trading day has concluded for the second quarter or first half of 2021, it is clear that gold had a difficult time incurring lower pricing over the last six months. Gold futures opened at $1954 on […]
Gold and silver start the European session mixed Gold and silver are trading mixed this morning. The yellow metal suffered from more losses on Tuesday after hitting a low of $1750.78/oz and this morning the price is around $9 higher. Silver on the other hand trades at $25.81/oz 0.28% higher overnight after also dropping in […]
Gold, silver price unleashed – Will this summer be as explosive as 2020's? It's going to take gold until the end of the year to rally to $2,000 an ounce, said Phil Streible, chief market strategist of Blue Line Futures. "I really believe [gold] could get going. $2,000 would capture some headlines on the upside. […]
Basel III to take gold to record highs? After an unexpected selloff last week, gold is busy building support. But the $1,800 level is proving to be a struggle. Here's a look at Kitco's top three stories of the week: 1. The Yellen-Powell duo keeps the markets on their toes as they talk down […]
Gold and silver are trading higher ahead of the European open Gold and silver are trading higher leading into the European session on the last trading day of the week. On Thursday gold had another tricky session hitting a high of $1788.1/oz before closing lower and finishing the session at $1775.22/oz. Silver on the other […]
Gold and silver holding, a big move is coming Gold and silver are setting up for a much bigger move. They have been vacillating in a tight range for the last five days. This pattern is known as consolidation, which is always a precursor to a much bigger move. Based on the current trend, which […]