Gold, silver a bit firmer after tame U.S. inflation report Gold and silver prices are slightly higher in choppy, two-sided trading at midday Thursday. The metals are supported by a U.S. consumer price index report that came in a bit tamer than market expectations. However, gains are limited as the U.S. dollar index has pushed […]
Gold, silver weaker on more weak China data, technical selling Gold and silver prices are down in midday U.S. trading Wednesday, with both metals dropping to four-week lows. The precious metals are pressured by another economic report out of China that suggests less consumer demand for goods and services, which includes metals. Chart-based selling is […]
Weak China data sinks gold, silver markets Gold and silver prices are lower in midday U.S. trading Tuesday. The two precious metals were pressured following surprisingly weak import and export data coming out of China overnight. A rally in the U.S. dollar index and weaker crude oil prices also weighed on the metals today. December […]
Gold, silver down amid rising bond yields, hawkish Fed-speak Gold and silver prices are lower in midday U.S. trading Monday, with silver prices sharply down and hitting a four-week low. The precious metals are seeing selling interest on rising U.S. Treasury yields, hawkish comments from a Federal Reserve official, and as the near-term technical postures […]
Analysts more bullish on gold following lower job growth, higher wage inflation The gold market rallied following a weaker-than-expected U.S. jobs report for July, which included downward revisions for May and June and strong wage growth, sending spot gold prices from $1931 to an intraday high of $1946.79 The latest Kitco News Weekly Gold Survey […]
CPI could be a make-or-break moment for gold next week as prices look for direction The gold market is back in no-man's land as the price is pushed and pulled between rising bond yields and continued economic uncertainty. According to some analysts, next week's inflation data could be a "make or break" moment for the […]
Gold prices remain stuck in neutral as U.S. economy created 187K jobs in July, wages increase The gold market is trying to hold critical resistance levels as the U.S. labor market loses momentum in July, even as inflation pressures remain in place. U.S. nonfarm payrolls rose by 187,000 last month, according to the Bureau of […]
Gold, silver weaker amid surging U.S. Treasury yields Gold and silver prices are moderately down in midday U.S. trading Thursday. The precious metals are feeling the pressure of rising U.S. Treasury yields and an up-trending U.S. dollar index. December gold was last down $6.30 at $1,968.70 and September silver was down $0.237 at $23.635. The […]
Gold's, and gold miners' fake rally was erased – just as expected What a difference 24h can make, huh? Gold rallied visibly on Monday, only to give it back on Tuesday. Same with miners. What's next? Gold and Miners' Volatile Ride Exactly the same thing that was likely before yesterday's session. One of the […]
Gold declines by over $27 as hope diminishes of a rate cut this year Gold spot and futures both declined by over 1% today as traders reacted to dollar strength and stronger yields on U.S. Treasuries. But that explanation lacks the complete backdrop to the multiple reasons why gold is trading under pressure today. Market […]