Gold prices decline after reaching $2000 yesterday as banking fears ease Yesterday gold futures surged to the highest value of 2023, however after trading to a high of $2014 gold basis is most active April 2023 contract closed well below the intraday high. The high achieved yesterday was not only unsustainable on Monday but led […]
Gold hits 12-mo. high, falls back a bit on profit taking Gold and silver prices are slightly up in midday U.S. trading Monday, with gold notching a 12-month high of $2,014.90 overnight, basis April Comex futures, and silver a six-week high. Some normal profit-taking pressure and chart consolidation are seen on the price pullbacks from […]
'Original fear of missing out': Gold price explodes and could test $2k after best week in 3 years – analysts The gold market surged as prices saw their best week in three years amidst the fallout of the banking sector. Analysts are not ruling out a test of the $2,000 an ounce level next […]
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Gold surges to $1982.8 as investors rethink the banking crisis and accommodative Fed Gold futures surged to the highest value of 2023 taking out the former high of $1976 achieved in February. As of 4:09 PM EST, the most active April contract of gold futures is up $58.10 or 3.02% and fixed at $1981.10. Although […]
A global rush to safe-haven moves gold higher Gold prices surged today with gold futures trading to a high of $1942.50. Multiple assets traded sharply higher including gold, the dollar, and U.S. Treasuries. These gains were directly attributed to another crisis in the banking sector. This caused market participants to lighten their riskier assets and […]
Today’s CPI report revealed that inflation continues to be troublesome and elevated in some sectors, with a fractional decline overall from 0.5% in January to 0.4% last month. Headline inflation continues to slowly dissipate from 6.4% year-over-year in January to 6% in February. Core inflation also remains elevated coming in at 5.5% year-over-year […]
Gold prices soar as investors fearing more bank meltdowns move into safe havens Gold has gained almost $100 in the last two days of trading. Gold futures basis most active April contract opened at $1835 on Friday and closed at $1867. Today gold opened at $1877 and as of 5:30 PM EST is currently fixed […]
Thursday's Charts for Gold, Silver and Platinum and Palladium, March 9 Kitco Commentaries | Opinions, Ideas and Markets Talk Featuring views and opinions written by market professionals, not staff journalists. Understanding the charts: Due to popular demand, we have added Palladium to the list of Analytical Charts that Metals Analyst Jim Wyckoff features. Sharpening Your […]
Gold rallies on financial stability risks as investors rush to safety, analysts are watching inflation report, Fed reaction The gold market posted an unexpected weekly gain on potential contagion risks from the Silicon Valley Bank (SVB) meltdown. The precious metal is once again the safe-have trade, with investors rushing in after Friday's SVB collapse. California […]