t’s a ‘tug of war’ for gold price next week as attention turns to inflation report ahead of July Fed rate decision – analysts

t's a 'tug of war' for gold price next week as attention turns to inflation report ahead of July Fed rate decision – analysts Despite more than a $20 gain Friday, the gold market is yet to prove that its bearish downtrend is over, according to analysts, who are carefully monitoring next week's June inflation […]

The market was expecting delays’ – Fastmarkets’ William Adams on China’s critical metals turnaround

The market was expecting delays' – Fastmarkets' William Adams on China's critical metals turnaround China surprised the critical minerals industry by ramping up nickel production from Indonesia in a short period of time, noted William Adams, head of battery research at Fastmarkets. On June 22, 2023, Adams spoke to Kitco at the 15th Lithium Supply […]

Stronger US jobs data pressure gold silver

Stronger U.S. jobs data pressure gold, silver Gold and silver prices are lower in midday U.S. trading Thursday, following a much stronger-than-expected U.S. ADP employment report this morning that showed a gain in jobs that was double market expectations. The report pushed the U.S. dollar index well off its overnight low and also pushed U.S. […]

Gold pauses ahead of FOMC minutes release

Gold pauses ahead of FOMC minutes release Gold prices are near steady up and silver solidly higher in midday U.S. trading Wednesday. Short covering from the futures traders was featured, especially in silver, ahead of the afternoon FOMC minutes from the Federal Reserve. August gold was last up $0.10 at $1,929.60 and September silver was […]

Gold prices to remain in neutral territory for the rest of 2023 silver to see slightly higher prices – BMO Capital Markets

Gold prices to remain in neutral territory for the rest of 2023, silver to see slightly higher prices – BMO Capital Markets Gold's brief push above $2,000 an ounce in mid-May could represent the yellow metal's high-water mark for the year as markets continue to adjust to dynamic interest rate expectations and a resilient U.S. […]

Gold silver see mild rebounds on short covering

Gold, silver see mild rebounds on short covering Gold and silver prices are modestly higher in midday U.S. trading Monday. Short covering from the futures traders is featured following the recent selling pressure in both markets. Activity was muted to start the U.S. holiday-shortened trading week. August gold was last up $4.20 at $1,933.50 and […]