Sharp gains for gold on better safe-haven bidding Gold prices are solidly higher and hit a six-week high in midday U.S. trading Wednesday. Silver prices are slightly up and scored a three-week high. Keener risk aversion in the marketplace as the Middle East violence is flaring up has traders and investors seeking out safe-haven assets […]
Gold, silver firmer despite hotter U.S. CPI and rising bond yields Gold and silver prices are a bit higher in midday U.S. trading Tuesday. The precious metals bulls are holding their own despite a stronger-than-expected U.S. retail sales report and rising U.S. Treasury yields this week. December gold was last up $1.80 at $1,936.10 and […]
Gold is a better diversifier when bonds are this correlated to stocks – TheStreet's Dierking Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day's top stories directly to your inbox. Sign up here! Bonds are no longer a very good diversifier […]
UofM Consumer sentiment falls to 63, providing support for gold 2% gains The gold market is holding on to solid gains Friday as U.S. economic data points to a growing risk of stagflation, as consumer sentiment continues to drop but inflation expectations rise sharplUofM Consumer sentiment falls to 63, providing support for gold 2% gainsy. […]
Gold Price News: Gold Consolidates As Middle East Conflict Boosts Haven Appeal Once again, gold has confirmed its key role as a safe haven amid market uncertainty. Growing geopolitical concerns from escalating tensions in Israel and Gaza increased investors’ demand for bullion and pushed the price higher. In the last few days, gold has been […]
Gold, silver a bit weaker following warm U.S. inflation report Gold and silver prices are slightly down in midday U.S. trading Thursday, following a U.S. consumer inflation reading that was just a bit higher than expected. The markets also saw routine corrective pullbacks from recent price gains. December gold was last down $2.90 at $1,884.20 […]
Gold prices holding near one-week high as FOMC minutes support 'higher for longer' interest rates The gold market is holding solid gains even as the minutes of the Federal Reserve's September monetary policy meeting show that the central bank is committed to maintaining a "higher for longer" monetary policy stance. Although the Federal Reserve is […]
Gold prices reined in by risk-on sentiment, but geopolitics, USD pullback should offer support – City Index's Razaqzada Today’s uptick in risk appetite is creating some drag on gold prices, but the precious metal’s weekend gap remains open, says Fawad Razaqzada, Market Analyst at City Index. “In other words, gold is still comfortably higher than […]
Coinbase fears crypto sector could follow semiconductors offshore due to lack of US support At a time of robust crypto and Bitcoin news coverage, widespread investor interest, and a burgeoning array of new businesses competing within the sector, it almost seems implausible to suggest that this industry is somehow at risk. And yet, that's exactly […]
Waterfall decline in gold induces miner capitulation The headwinds from persistent strength in the U.S. dollar and 10-year bond yields moving closer to 5% have proved too much for the gold market as prices have fallen to their lowest level since March. Gold lost key support at $1900 in September, when the month and quarter […]