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Gold bulls can look forward to a bright future despite headwinds – Heraeus 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! Even as markets watch gold prices fall into the low […]
Analysts expect gold to kick off Q4 with gains, while retail investors are evenly split Gold prices underwent a dramatic selloff this week, continuing and accelerating the downtrend that began after the Federal Reserve left interest rates unchanged on the 20th and reiterated that rates would remain higher for longer than previously anticipated. The latest […]
GOLD FIXES For almost 100 years, the main gold benchmark price was set by the London Gold Fix. The price was determined in a closed physical auction among bullion banks. A price is determined after most buy orders matched most sell orders. These auctions would take place twice daily, once in the morning and once […]
Corrective price gains for gold, silver on short covering Gold prices are a bit firmer and silver solidly up in early U.S. trading Friday. Short covering in the futures markets is featured after December gold hit a 6.5-month low Thursday. A lower U.S. dollar index and a dip in U.S. Treasury yields today are friendly […]
Slight price rebounds in gold, silver on short covering Gold and silver prices are just a bit firmer in early U.S. trading Thursday, after this week's solid selling pressure that drove December gold futures to a 6.5-month low Wednesday. Some tepid short covering in the futures markets is featured in both metals today. A lower […]
Gold, silver getting hammered by rising bond yields, strong greenback Gold and silver prices are solidly lower in midday U.S. trading Wednesday, with December gold futures notching a 6.5-month low and dropping below psychological support at $1,900.00. An up-trending U.S. dollar index that hit a 10-month high overnight and a 10-year U.S. Treasury note yield […]
Gold remains well supported as potential credit risk events drive safe-haven demand – MarketVector's Joy Yang The gold market is trading near a five-week low as the U.S. dollar and 10-year bond yields consolidate at elevated levels; however, according to one market strategist, gold still remains an essential safe-haven asset. In a recent interview with […]
Gold to hit $2k by end of 2023, reach $2,200 an ounce in 2024 as dollar weakens – SocGen While French Bank Société Générale has slightly reduced its exposure to the precious metal, it still remains positive on the precious metal as inflation remains stubbornly elevated amid plans by the Federal Reserve to end its […]
Some things are better, some stay the same – Lundin Group's Adam Lundin on mining gaining favor Governments are more responsive but some organizational issues persist, said Lundin Group chair Adam Lundin when asked if mining is any easier due to the sector gaining favor due to energy transition. Lundin spoke to Kitco mid-September at […]
Economic risks supporting gold in neutral territory around $1,950 Federal Reserve chair Jerome Powell maintained his hawkish bias this week, saying that interest rates will have to remain in restrictive territory for the foreseeable future; however, the gold market remains firmly in neutral territory as uncertainty supports the precious metal. Some analysts have said that […]