Gold and silver headed south

Gold and silver headed south Like the birds that head south for the winter, at the moment, it appears gold, silver and platinum are going to join them. The facts are simple, every rally attempt has failed. The metals are headed lower and selling rallies is the best strategy until it’s not. Understanding markets is […]

Gold and silver setting up to go lower

Gold and silver setting up to go lower Gold and silver can’t seem to gain any footing as they struggle in the current consolidation pattern. The battle between the bulls and the bears at the 1760-1800 level in Gold and 2180-2240 Silver has the appearance that the bears are going to take control once again. […]

Gold shines as inflation hits 39-year high

Gold shines as inflation hits 39-year high It is incredible how fast a year can fly by. Once again, the Kitco News team is getting ready to launch its annual Outlook Series to help gold investors navigate what are expected to be turbulent financial markets in 2022. Kitco News’s Outlook feature will be launched on […]

Gold prices moving higher after US CPI rises 68 biggest jump since 1982

Gold prices moving higher after U.S. CPI rises 6.8%, biggest jump since 1982 Gold prices are pushing higher, following a stronger-than-expected rise in U.S. consumer prices. Friday, the U.S. Labor Department said its U.S. Consumer Price Index rose 0.8% in November, after a 0.9% rise in October. The data beat consensus forecasts as economists were […]

Market participants await the November CPI inflation numbers

Market participants await the November CPI inflation numbers Tomorrow the U.S. Bureau of Labor Statistics will release the inflationary numbers vis-à-vis the CPI index. This report will be a critical component that the Federal Reserve will review before releasing its adjusted monetary policy. On Wednesday of next week, the Federal Reserve will release the statement […]

Gold has been ‘shockingly stable’: It’s a long-term play as US dollar rolls over says Jeffrey Gundlach

Gold has been 'shockingly stable': It's a long-term play as U.S. dollar rolls over, says Jeffrey Gundlach Billionaire "Bond King" Jeffrey Gundlach sees inflation not returning below the 4% handle next year, and bond markets are already "sniffing out a weaker economy" coming. For gold, this means a long-term hold after a "shockingly stable" and […]

Gold price near steady as risk appetite growing

Gold price near steady as risk appetite growing Gold prices are trading not far from unchanged in early U.S. dealings Wednesday. Buying interest is being limited in safe-haven gold and silver as trader and investor risk appetite seems to be growing keener by the day. However, selling interest in the metals is being squelched by […]

Gold slightly up as crude oil rallies

Gold slightly up as crude oil rallies Gold prices are up just a bit in midday U.S. trading Monday. Solid gains in crude oil prices to start the trading week (bullish) are slightly trumping better trader/investor risk attitudes (bearish). February gold was last up $1.50 at $1,785.40 and March Comex silver was last down $0.136 […]