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Gold trades lower until you factor in dollar weakness Gold would have traded lower today if it was not for the dollar's weakness. The dollar is currently down 0.543 points or 0.52% with the dollar index fixed at 104.615. Concurrently, gold futures basis most active April contract is trading up $7.00 or 0.40% and fixed […]
Gold at risk of a major drop as prices at 'pivotal point' – analysts With the latest inflation numbers stressing out markets across the board, gold is at a "pivotal point," according to analysts who are not ruling out a deeper selloff if gold drops below $1,800 an ounce. This week's big surprise was the […]
War-time economy and gold's $2k target Gold is at a pivotal point as prices approach $1,800 an ounce. Analysts say that gold is at risk of a much deeper selloff if that support level is lost. Here's a look at Kitco's top three stories of the week: 3. The hawkish Federal Reserve minutes from February. […]
PCE inflation index jumps to 5.382% YOY or 0.6% in January The preferred inflation index used by the Federal Reserve; the core Personal Consumption Expenditures (PCE) index jumped to its highest value since last summer. The core PCE increased by 0.6% in January when compared to the prior month, taking the year-over-year PCE to 5.382%. […]
The Seven stages of overcoming the new hawkish Federal Reserve's policy and forward guidance Although the Federal Reserve implemented its first interest rate hike approximately one year ago, market participants went through various stages of accepting the new Federal Reserve’s narrative as fact. Oddly there are similarities to the way market participants went through a […]
Federal Reserve minutes were released today, "But Wait There's More" I know it is a little cliché to use a phrase most recognized from late-night ads hawking everything from pots to knives, to discuss the FOMC minutes released today, but the minutes continue to send the same message to the American public. The Federal Reserve […]
Changing expectations of the Fed's forward guidance pressure gold lower The Federal Reserve first spoke about its forward guidance at last year’s Jackson Hole Economic Symposium. Specifically, it was Chairman Powell’s keynote speech that delivered the blow to the American public about its intent to raise rates and keep those elevated rates in place until […]
Gold prices can go lower, but now is the time to build a strategic position – Incrementum' Ronald-Peter Stöferle Now is the time for investors to look at building a strategic position in the gold market, according to one market strategist, as prices are expected to struggle in the near term due to rising bond […]
Gold/Silver – Now is the time to dollar cost average It was just seventeen days ago (February 1) when Gold went on a two-day rally looking as though it was going to punch back through $2000/oz (Silver $25/oz), and if you were not already on board, you thought you missed it for good. Since then, […]
Central banks are replacing dollars with gold The economy started the year on a strong note, and the gold market is taking a hit. The Federal Reserve might need to raise rates more than expected since inflation is not coming down fast enough. Here's a look at Kitco's top 3 stories of the week: […]