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Gold and silver both poised to resume uptrend after last week’s correction – Saxo’s Larsson Precious metals saw a sharp bearish correction last week, but prices are rebounding this week with silver leading the pack, according to Kim Cramer Larsson, Technical Analyst at Saxo Bank. “Gold (XAUUSD) seems to be bouncing from the cloud (shaded […]

A higher for longer monetary policy is spooking gold; prices see the biggest drop in eight months A higher for longer monetary policy is spooking gold; prices see the biggest drop in eight months teaser image While central bank purchases and robust Asian demand have created a long-term uptrend in gold, uncertainty surrounding the Federal […]

Wall Street sees gold price declines or consolidation next week, Main Street is more optimistic about gains   Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily […]

Gold still on track to hit $3,000 as U.S. debt burden grows – Maison Placements Canada’s John Ing Gold still on track to hit $3,000 as U.S. debt burden grows – Maison Placements Canada’s John Ing teaser image After hitting record highs above $2,450, the gold market is again struggling as hawkish sentiment from the […]

Gold prices remain under pressure as Fed sees possible rate hikes if inflation picks up Although U.S. monetary policy has become a secondary factor in the gold market, persistent inflation could create some further selling pressure as it could force the Federal Reserve to raise interest rates again, according to the minutes from the Apri/May […]

Gold and silver prices seeing some follow-through buying following Friday’s breakouts Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, […]

Gold Price News: Gold Rallies to Notch Up 1.9% Weekly Gain Gold News Market Analysis Gold prices powered up through the $2,400 an ounce mark on Friday, capping a strong week for the metal, which posted week-on-week gains of around 1.9%. Gold prices touched a high of $2,419 an ounce on Friday, compared with around […]