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Gold continues 2023 rally amidst minutes revealing Fed remains hawkish This afternoon the Federal Reserve released the minutes from last month’s FOMC meeting. Unanimously Fed officials agreed that the central bank should slow the pace of its aggressive rate hikes. This would allow them to continue to ratchet up the cost of credit to curb […]
Gold, silver lifted by safe-haven demand, bullish charts Gold and silver prices are up at midday, but down from earlier levels that saw gold notch a six-month high and silver an eight-month peak. Safe-haven demand is featured to start the new year, along with technical buying amid bullish charts. Risk aversion is keener early this […]
Retail investors see silver prices rallying more than 50% in 2023 to $38 an ounce Welcome to Kitco News' 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on […]
Steady-weak price action in gold, silver as 2022 winds down Gold and silver prices are not straying too far from unchanged levels in quieter early U.S. trading Friday. Many traders are on holiday this week, making for lighter trading volumes and thin conditions. Traders will hit the exit doors early today, ahead of the three-day […]
Gold, silver boosted by weaker greenback, bullish charts Gold and silver prices are higher in midday trading Thursday, supported by a sell-off in the U.S. dollar index on this day. Bullish near-term chart postures for both metals continue to invite the technically based speculators to the long sides. February gold was last up $7.10 at […]
Gold prices are holding support above $1,800 an ounce as U.S. pending home sales fall 4% in November Rising U.S. mortgage rates, due to the Federal Reserve’s aggressive monetary policy stance continues to take its toll on the U.S. housing sector as fewer consumers start the process of buying a new home in November. […]
Gold rallies to 6-mo. high on bullish technicals, outside markets Gold and silver prices are sharply higher in midday U.S. trading Tuesday, boosted by chart-based buying and by two key outside markets are in a daily bullish posture for the precious metals–the U.S. dollar index is weaker and crude oil prices firmer. Gold prices hit […]
Gold price weighs incoming data and hawkish Fed comments as 2023 quickly approaches With just one week to go until 2023, gold is down just over 1% year-to-date after a very volatile year that saw the precious metal rise above $2,000 an ounce in the spring and hit lows near $1,630 an ounce in the […]
Gold futures remain above $1800 as spot gold still attempts to breach that key level As of 4:55 PM EST gold futures basis, the most active February 2023 contract is fixed at $1805.90 after factoring in a net gain of $10.80. Spot gold gained $6.00 and is currently fixed at $1798.51. Silver gained 1.37% or […]
Gold, silver pressured by upbeat U.S. data Gld and silver prices are solidly lower in midday U.S. trading Thursday. The metals market bulls today are feeling the heat of a U.S. economy that does not seem like it wants to slide into a recession any time soon, following stronger-than-expected U.S. data released this morning. February […]