What's in store for gold price as Fed remains laser-focused on inflation and its supersized hikes? The gold market will be wrapped up in the Federal Reserve's interest rate decision next week as analysts see the U.S. central bank ignoring the steep drop in the U.S. Q1 GDP data and remaining fixated on fighting inflation. […]

Gold bounces off yesterday’s lows but is unable on to hold today’s highs June 2022 gold futures opened this morning (4/29/2022) at $1895.80, far above yesterday’s low of $1871. Trading to a high of $1921.30 and settled in New York up 1.1% at $1911.70. However, on Fridays, Globex trading remains open until 6 PM EDT […]

Western and Eastern technical studies suggest a bullish reversal in gold has occurred Gold traded to its lowest value in the last nine trading days with market forces taking the June 2022 futures contract to $1870.90 this morning. After opening at $1886.80, gold futures drifted lower and then recovered strongly. As of 4:30 PM EDT, […]

Gold firms as investors digest China, inflation, and global economic contraction Gold futures opened at $1899.60, traded to a low of $1896.30, and then recovered back above $1900 per ounce. As of 4:18 PM EDT gold futures basis, the most active June 2022 contract is currently trading up $9.30 and fixed at $1905.30. Gold’s reversal […]

Gold, silver plummet as raw commodity sector pounded on Covid fears Gold and silver prices are sharply down and hit two-month lows in midday U.S. trading Monday. Gold dropped below the psychologically important $1,900 level. The entire raw commodity sector was hit hard today by concerns regarding demand as Covid cases in China, the world’s […]

After touching $2k, why did gold price tumble $70? After touching the $2,000 level at the beginning of the week, gold tumbled more than $70 as the U.S. dollar climbed alongside the U.S. Treasury yields. Here's a look at Kitco's top three stories of the week: 3. Gold price continues to consolidate as Fed's Powell […]

Here's what latest gold price pattern tells investors about the metal's next move After touching $2,000 an ounce at the beginning of the week, gold tumbled more than $70 as the U.S. dollar climbed alongside the U.S. Treasury yields. With the latest trading pattern, analysts see some undeniably bullish signals. "Gold has been reaching new […]

  Gold continues to decline as the Fed prepares to fight inflation The Federal Reserve’s next FOMC meeting is just under two weeks away, and market participants are gaining insight from Chairman Powell and other Federal Reserve voting members. Recent statements by Chairman Powell have indicated a major shift in his position regarding inflation. Up […]

Gold, silver pressured by rising bond yields, technical selling Gold and silver prices are lower in midday U.S. trading Thursday, pressured in part by rising U.S. Treasury yields and on selling from the shorter-term futures traders. The near-term chart postures for the two metals have deteriorated this week, to embolden the chart-based bears. June gold […]