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Gold declines after a solid 4th quarter GDP report is released by the BEA As of 4:35 PM EST, the February contract of gold futures has fallen for the first time in six trading days. Currently, February gold is fixed at $1929.30, a decline of $13.30 or 0.68%. Gold traded to a high of $1949.80 […]
Economists, experts, and market participants await Friday’s Core PCE report The financial markets are currently in the process of factoring in or getting in front of the upcoming release of the core PCE (Personal Consumption Expenditures) report. On Friday the Bureau of Economic Analysis (BEA) will release the most current information on inflation for December. […]
Questions arise about next FOMC meeting; will their decisions remain data-dependent Exactly one week from today the Federal Reserve will hold the first Federal Open Market Committee meeting for the calendar year 2023. But before Federal Reserve officials meet for the first time this year on Friday, January 27 the government will release its latest […]
Gold futures remain steady as investors await the PCE report and FOMC meeting Gold futures traded marginally higher as market participants focus on next week’s FOMC meeting. As of 4:00 PM EST, the most active February contract of gold futures is up $3.80 and fixed at $1932. Silver futures traded under pressure with the most […]
Gold price eyes $1,950 but it might have to wait until the Fed meeting before moving on to $2,000 – analysts Gold's January rally took prices to nine-month highs Friday, with the precious metal up more than 5% since the start of the year. But industry experts are not ruling out some consolidation ahead of […]
Gold prices holding steady gains above $1,925 as U.S. existing home sales drop 1.5% in December Gold prices, while down from their nine-month highs, are holding modest gains following another drop in U.S. existing home sales, according to the latest report from the National Association of Realtors (NAR). Friday, the association said that existing home […]
Solid gains for gold on bullish charts, some safe-haven buying Gold prices are solidly higher and near this week’s nine-month high in midday U.S. trading Thursday. The technical traders continue to flow to the long side of the gold market due to bullish charts. Some modest safe-haven demand may be surfacing due to worries about […]
Gold trades lower as Fed’s Bullard advocates front-loading rate hikes “Front-loading” is a process of distributing unevenly, with a greater proportion at the beginning of the process, and James Bullard thinks this should apply to rate hikes. In an interview with the Wall Street Journal James Bullard, President of the St. Louis Federal Reserve said […]
Profit taking, routine corrective pullbacks for gold, silver 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 how to navigate turbulent financial markets in […]
Gold's bull market is just beginning as European fund managers take a bigger stake – HANetf The gold market has started 2023 on solid footing and one European-based fund sees strong potential as investors take a renewed interest in the precious metal. In November, analysts at HANetf surveyed 100 European and British wealth fund […]