Fed to err on the side of too many rate hikes – Why is gold at $1,800? Markets are anticipating the Federal Reserve to err on the side of tightening, with Chair Jerome Powell admitting this week that the real mistake would be failing to get inflation under control. Recession fears and the hawkish Federal […]

Other potential outcomes from quantitative tightening by the Federal Reserve The Federal Reserve’s monetary policy composed of aggressive rate hikes in tandem with a balance sheet reduction is intended to achieve price stability through lower inflation. The Federal Reserve is assuming that it can effectively reduce inflation without creating a recession. While this is one […]

Gold, silver down as chart-based bears pressing their case Gold and silver prices are lower at midday today, in a choppy, two-sided trading session. The significantly bearish near-term technical postures for both metals are inviting the speculators to play the short sides of the futures markets at present. Gold hit a six-week low and silver […]

Gold, silver bulls squelched by firmer U.S. dollar Gold and silver prices are steady to slightly lower in midday U.S. trading Wednesday. A rally in the U.S. dollar index at mid-week kept the precious metals bulls at bay. August gold futures were last down $1.20 at $1,819.90. July Comex silver futures were last down $0.136 […]

An important bigger-picture perspective on gold Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) – An examination of the monthly continuation chart for nearby Comex gold futures is a […]

Market participant wait for two key reports this week; GDP and PCE Analysts and investors are waiting for two critical government reports due out on Wednesday and Thursday of this week. On Wednesday the Bureau of Economic Analysis (BEA) will release its latest numbers on real GDP which will be followed on Thursday by the […]

Gold’s price floor has gone up – What this means for Newmont, the world’s largest gold miner – Tom Palmer Tom Palmer, CEO of Newmont, said that gold’s price floor has increased considerably over the past decade, making mining more lucrative as a result. “We think, fundamentally, that the floor for gold has changed,” he said. […]

Gold holds above a key support level in light of rising interest and yields Gold continues to trade in an extremely narrow range as the precious yellow metal reacts to two opposing forces; rising interest rates and inflation. However, the recent price declines in gold have been shallow and short-lived at best. Most importantly, gold […]