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 […]
A major attack on U.S. infrastructure is now at its highest probability – Brandon Weichert (Kitco News) – Is the U.S. at risk of a massive cyberattack in the next eight months? The U.S. election year is "the most opportune" time to carry out a cyber 9/11 on U.S. infrastructure, warned Brandon Weichert, geopolitical analyst […]
Gold Price News: Gold Drifts As US Jobless Numbers Fall Gold prices edged slightly lower on Thursday, after US unemployment figures came in below market expectations, suggesting a slightly stronger economy and less pressure for a loosening of monetary policy. Prices initially pushed higher to $2,035 an ounce in early morning deals, but it was […]
Gold, silver weaker as U.S. stock markets post good gains Gold and silver prices are modestly down and near their session lows in midday U.S. trading Thursday. Solid gains in the U.S. stock indexes and a risk-on trading day today are negatives for the safe-haven metals. Chart-based selling is also featured in gold and silver […]
Gold Price News: Gold Prices Gain As US Dollar Dips Gold prices made further gains on Monday and Tuesday to rise above $2,030 an ounce for the first time since February 9. The US dollar fell against other major currencies on Tuesday, adding further to a downward move that’s continued since February 14. A weaker […]