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The Fed, US dollar may stop gold's record run next week With so much uncertainty dominating financial markets, most analysts expect it's only a matter of time before gold prices hit new record highs above $2,000 an ounce. However, with the market looking slightly overstretched, it might be challenging for gold to hit its new […]
Gold sees routine corrective, profit-taking pullback Gold prices are modestly down in midday U.S. trading Thursday. Silver prices are slightly up. Both metals are seeing some normal chart consolidation after hitting 12-month highs on Wednesday. Gold and silver bulls still have the strong near-term technical advantage to suggest the path of least resistance for prices […]
Gold futures consolidate forming a base at recent highs above $2030 The solid breakout that moved gold futures above $2000 to a high of $2043 yesterday, and $2049.20 today indicates a new level of support well above $2000 per ounce. Currently, the most active June 2023 futures contract is fixed at $2037.10 a net decline […]
Breakout in gold takes futures to a high of $2043.40 in striking range of record high A solid breakout in gold moved futures pricing well above $2000 in trading today. Currently, the most active June 2023 contract is trading up $39.10 or 1.94% and fixed at $2039.40. That puts gold within striking range of the […]
Gold futures close above $2000 for the first time since March 2022 It has been just a little over one year ago that gold futures traded and closed above $2000 per ounce. On March 8, 2022 gold futures opened above $2000 per ounce, traded to a high of $2078 and closed at approximately $2043. Even […]
Gold price sees triple-digit gains in March, but can it set record highs in April? Gold gained $150 in March — its best month since July 2020. And with analysts seeing markets contradicting the Fed's messaging, gold has a lot more upside, including testing and breaking record highs in April, according to analysts. The gold […]
Gold’s most active contract switches to June which are flirting with $2000 Gold traded higher by low double digits today. The gains are the result of two factors and tomorrow’s PCE inflation report. Currently, the April 2023 contract of gold futures is trading up $14.20 and fixed at $1981.10. Concurrently, the June 2023 contract of […]
Gold remains solidly bullish even with today’s modest price decline Although gold prices had a modest decline in trading today, the overall fundamental environment that had caused gold pricing to trade above $2000 last week remains solidly entrenched. Today’s modest single-digit decline in gold resulted from market participants once again focusing on risk-on assets with […]
Gold, silver gain on bargain hunting, bullish outside mkts 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! (Kitco News) – Gold and silver prices are up in midday U.S. trading Tuesday […]
Gold prices soften as concern subsides over banking meltdown For the second consecutive day gold futures have traded lower. Today gold traded to an intraday low of $1945 and a high of $1984 after opening at $1982.60. As of 4:15 PM EST gold futures basis the most active April contract is currently fixed at $1958.50 […]