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Gold Futures Breach and Close Above $2300 for the First Time In a historic move, gold futures surged past the $2300 mark for the first time in history. As of 4:30 PM EDT, gold futures basis the most active June contract is currently at a record high of $2318.90. The June contract opened at $2301.70 […]
Multiple factors combined takes June gold futures to a new benchmark, $2300 As of 4:55 PM EDT the most active June contract of gold futures is fixed at $2300.60, up $28.100. This marks the sixth consecutive day of gains for the precious yellow metal, with the last four trading sessions culminating in new record closes. […]
Gold price hits new record highs as the West loses price-setting powers: Frank Giustra & Pierre Lassonde on new geopolitical reality & resource nationalism As gold set another record high, Canadian mining legends Frank Giustra, CEO of Fiore Group, and Pierre Lassonde, Chairman Emeritus at Franco-Nevada, say the West has lost its power to set […]
Gold price solidly up, very near all-time highs Gold prices are sharply up in midday U.S. trading Thursday, near the daily highs, and are closing in on the recent record highs. Silver prices are modestly higher. More technical buying is featured in both metals, amid bullish charts. June gold was last up $27.10 at $2,239.90. […]
U.S. Core PCE rises 0.3% in February, in line with expectations Gold investors, with nothing else to do, can at least breathe a sigh of relief as inflation pressures rise in line with expectations. Friday, The U.S. Department of Commerce said its core Personal Consumption Expenditures price index increased 0.3% last month. The data rose […]
Gold appears unstoppable as it hits record highs above $2,250, capping off a solid month and quarter The gold market continues to be an unstoppable juggernaut as it closes out the month and quarter near a record high, solidly above $2,200 an ounce. Analysts note that gold’s performance on Thursday, which wraps up a shortened […]
Currency risks will drive gold and silver sky-high by year-end – BMO Capital Markets While gold and silver prices may continue to consolidate in the near term, the rally in the precious metals sector is only getting started, according to commodity analysts at BMO Capital Markets. In a report published Wednesday, the Canadian bank announced […]
Silver can still outperform gold even as prices fall 1% below $24.50 – MKS Silver continues to underperform within the precious metals market and has been unable to hold gains above $25 an ounce even as gold prices hold near their record highs. Despite the disappointing price action, many analysts remain optimistic that silver will […]
Gold gains on technical buying, friendly outside markets Gold prices are posting decent gains in midday U.S. trading Monday, supported by chart-based buying amid bullish technicals, and by friendly daily “outside market” forces that see the U.S. dollar index lower and crude oil prices higher. Silver prices are trading slightly up. April gold was last […]
Gold price correction This week won’t derail a broader rally as Fed looks to cut rates The Federal Reserve has given the all-clear to gold after signaling it still wants to cut interest rates three times this year, even as inflation remains above the 2% target; however, some market analysts said that the precious metal […]