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Gold price sees best week in 6 months
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The fuse has been lit
The fuse has been lit Last week I described gold as a horse that wouldn't run, but now the market has definitely found its legs as prices are ending the week near a 10-week high well above $1,800 an ounce. A lot has changed in financial markets as we head into the weekend, and we […]
Gold silver power higher amid improving chart postures weak USDX
Gold, silver power higher amid improving chart postures, weak USDX Gold and silver prices are sharply higher and hit 10- and nine-week highs, respectively, in midday U.S. trading Thursday. The metals were lifted in part by a more bullish technical picture for both, a lower U.S. dollar index and U.S. Treasury bond yields backing off […]
Gold and silver trade higher leading into the European session
Gold and silver trade higher leading into the European session Gold and silver are both trading higher this morning after some positive price action in the U.S. and Asian sessions. Gold has moved 0.40% in the black to trade at $1793/oz and silver has jumped 0.91% to trade at $26.71/oz. In the rest of the […]
Gold and silver trade lower overnight leading into the European open
Gold and silver trade lower overnight leading into the European open Gold and silver are trading marginally lower leading into the European open after a dismal session on Tuesday. Hawkish comments from Janet Yellen sent the yellow metal lower to trade -0.77% in the red during yesterday's session. Silver also moved -1.47% in the red […]
Gold rallies but at least for now fails to trade above resistance
Gold rallies but at least for now fails to trade above resistance Gold futures had a strong and respectable gain in trading today, with the most active June 2021 Comex contract gaining just over $25 per ounce. As of 4:45 PM EST, the most active gold contract is trading up $25.50 and is currently fixed […]
Gold price rally in May? Chances are tied to inflation expectations as US data runs hot
Gold price rally in May? Chances are tied to inflation expectations as U.S. data runs hot – analysts This week's U.S. data will be running hot, and gold will be closely following the market's inflation expectations as commodities continue to surge, analysts told Kitco News. For now, the gold market is ignoring its perfect storm […]
Can Gold and Silver be Legal Tender
Concern about inflation and a weakening U.S. dollar, is pushing more than a dozen states to try and recognize gold and silver coins as legal tender. The Constitution allows for States to give their citizens the ability to settle debts in gold and silver, according to Ed Moy, former director of the U.S. Mint. […]
Gold pricing continues to react to higher yields in US debt instruments
Gold pricing continues to react to higher yields in U.S. debt instruments Now for the second consecutive week, gold futures have closed lower. Gold hit its highest price point this month last week, the week of April 19, with market participants taking gold futures just a couple of dollars short of $1800 per ounce. However, […]
Mints are running out of gold not enough physical silver to cover paper – former US Mint Director
Mints are running out of gold; not enough physical silver to cover paper – former U.S. Mint Director global shortage of physical gold and silver products has created a premium on coins and bars, and this premium is causing a disconnect between the spot price and the "true" price that retail investors need to pay, […]