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Watch out for these 3 gold price risks as most volatile quarter approaches The gold price is encountering extreme turbulence as fall kicks into full gear. Here are the top three biggest risks the gold market is facing during this most volatile season, according to analysts. 1. Another massive equity selloff… rush to cash […]
Financial markets and precious metals meltdown, as U.S. dollar trades higher As of 4:00 PM EST the equities markets are closing for the day and still settling. Today’s market action can best be described as brutal, with all three major indices and the entire precious metals complex trading dramatically lower. Currently the Dow Jones industrial […]
Gold price begins the week in positive territory as analysts eye new U.S. election risk, dollar, and Fed speakers The yellow metal is beginning the trading week holding above $1,950 an ounce as analysts eye new U.S. election risk, the U.S. dollar and a slate of Federal Reserve speakers. Last week, gold was able to […]
Central bank gold demand has slowed but hasn’t disappeared – WGC Central bank gold demand has been slowly declining through 2020, with July net purchases falling to their lowest level since December 2018. However, the World Gold Council said this sector remains an essential pillar of support for the gold market. WGC said that foreign […]
Advice for gold investors – go on holiday There is relatively little exploration activity in Latin America compared to Canada and U.S., said Paul Harris, Kitco's special correspondent, on Friday during Kitco's podcast. Harris was joined by editor Neils Christensen and mining audiences manager Michael McCrae. Special guest was Nathan Tribble, VP of exploration at […]
Gold price is flashing a 'very good sign' – Peter Hug It's a "very good sign" that gold has consolidated between a support level of $1,925 oz and $1,975 an ounce for the better part of two weeks, said Peter Hug, head of Kitco’s precious metal division. "The fact that people are not selling into […]
Gold prices to average above $2,000, Silver to average above $30 through 2024 Gold and Siver’s imp[resive rally this summer is just the start of the precious metal bull market, according to one Canadian Bank. In areport published Tuesday, commodity analysts at CIBC upgraded their gold and silver forecasts for the rest of the year […]
Gold to outperform silver into year-end, $4K gold price not ruled out by 2023 – Bloomberg Intelligence Gold is looking to outperform silver into year-end, according to Bloomberg Intelligence, which is not ruling out $4,000 gold by 2023, noting that the gold bull rally is just beginning. After breaking $2,000 an ounce level, gold has […]
Gold/silver – all eyes on the Fed this week It was a rangebound week for gold futures by remaining well inside the bullish "falling wedge pattern" while at the same time, major equity indices fell 10% off their contract highs led by an overheated tech sector. Remember, when markets go parabolic, volatility rises; therefore, you […]
Mining's biggest face-to-face goes virtual With PDAC 2021 announcing an all virtual show due to COVID-19 concerns, juniors and miners will have to learn to adapt. The Kitco podcast discussed the impact of PDAC's annual convention, the industry's biggest yearly get-together, on going virtual. Oreninc CEO Stephen Stewart joined special correspondent Paul Harris; editor Neils […]