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Gold continues to rise, but technical studies suggest gold is overbought Gold continues its dynamic rally moving to higher ground for the fourth consecutive day, with the last three consecutive days resulting in a new record settlement price. As of 4:00 PM ET, gold futures basis the most active April contract is currently trading up […]
Gold price above $2,100, the market is just getting started – Jess Felder The gold market is seeing solid follow-through buying activity following last week’s record closing price. The precious metal has pushed above $2,100 an ounce, and according to one market analyst, it has room to run. In an interview with Kitco News, Jess […]
Gold bears are hibernating this week as the market sees record closing price A record weekly close for gold is fueling significant bullish sentiment in the marketplace; however, some analysts have said that this breakout still needs to be tested, and investors should be careful about chasing prices. Results of the Kitco News Weekly Gold […]
Gold market sees new record closing price, but the major test is next week With gold prices pushing to within striking distance of $2,100 an ounce, seeing a new record settlement Friday, the market is setting itself up for a major week ahead, one filled with significant macroeconomic risks. April gold futures settled Friday at […]
Gold futures bullish sentiment result in the largest daily gain since October 2023 Gold futures bullish sentiment result in the largest daily gain since October 2023 teaser image Exceptional, phenomenal, amazing, surprising, astounding, and almost beyond belief are only a few of the many words that can be used to describe today’s exceedingly strong upside […]
The Fed to intervene in a collapse scenario, what it means for the stock market & recession calls – Alex Krüger Those calling for a recession and a market collapse are wrong because the Federal Reserve wants to intervene before that happens, according to Alex Krüger, Economist and Partner at Asgard Markets. The 'Fed put' […]
Gold, silver slightly down as next U.S. inflation data point awaited Gold and silver prices are modestly down near midday Wednesday. A firmer U.S. dollar index today is a negative “outside market” force working against the precious metals market bulls. Also, the near-term technical postures for gold and silver are still leaning bearish, which is […]
Gold slightly up in lackluster dealings Gold prices are a bit firmer and silver prices a bit weaker near midday Tuesday. Gold is seeing some short covering in the futures market and some perceived bargain hunting in the cash market. Precious metals traders are awaiting the next fundamental even to provide a spark to trading […]
Growing alarm over U.S. debt: Why the Fed is 'Dr. Frankenstein's monster' that is part of the problem – Charles Payne (Kitco News) – With the U.S. national debt surging above $34 trillion, many prominent investors and financial leaders are raising alarm over a looming crisis. Even Federal Reserve Chair Jerome Powell has weighed in […]
Analysts abandon bear cave for bull run, retail traders stay balanced but bullish Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with […]