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Expect silver price to fall in 2022, but gold to rally, here's why – Jeff Christian 2022 will see silver and gold prices diverge once again, with silver falling by 2% while gold climbs in value, said Jeff Christian, managing partner of CPM Group. “We think that gold prices will probably be flat or slightly […]
Seasonally gold price looks strong, but analysts ask if it can hold above $1,800 through the new year? Welcome to Kitco News' 2022 outlook series. The new year will be filled with uncertainty as the Federal Reserve looks to pivot and tighten its monetary policies. At the same time, the inflation threat continues to grow, […]
The bullish season for gold price begins, can gold tackle $1,850? Gold price is looking to get a boost from a seasonably favorable time that began in mid-December. And analysts are eyeing whether the momentum will be strong enough to take gold above $1,850 an ounce — the next hurdle in the price trend. "From […]
Gold surges past $1,800 on dollar weakness and omicron fears Both gold and silver had significant gains resulting from a combination of dollar weakness and continued fears regarding the economic effect of the Covid-19 variant omicron. One simply needs to view both precious metals through the eyes of the KGX (Kitco Gold Index) to see […]
Only gold and Bitcoin will protect against what's to come – Alex Mashinsky's 2022 survival guide 2022 will be a year of heightened volatility from growing fears of the latest Omicron variant, as well as rising inflation, and the chance of monetary tightening from the Federal Reserve, said Alex Mashinsky, CEO of Celsius Network. The […]
Gold trades under pressure back below $1800 as investors focus on Fed As of 4:10 PM EST gold futures basis, the most active February 2021 Comex contract is currently fixed at $1789.80 after factoring in today’s net decline of $15.10 (-0.84%). Gold opened at $1800.20, traded to a high of $1804.60, and is currently trading […]
Can gold price keep its post-Fed gains? In a surprising year-end move, gold rose to three-week highs after the Federal Reserve meeting. Is the tide turning for gold or is it another bull trap? Here's a look at Kitco's top three stories of the week: 3. Gold price hits daily highs as Powell explains […]
Is gold price in a bull trap? 'December is the hardest month to trade' – analysts The gold market has responded very well to a more aggressive Federal Reserve tightening stance, rising around $40 since Wednesday. But what's next will be critical, according to analysts. After the precious metal breached the $1,800 an ounce this […]
Gold is unable to hold $1800 after trading to a high of $1815 For the better part of the last 24 hours of trading, gold pricing has managed to trade above $1800. Gold futures traded to an intraday high today of $1815.70. However, with only 45 minutes left in Globex trading (New York trading has […]
Gold, silver sharply up as USDX sinks, oil rallies, bond yields stable Gold and silver prices are posting strong gains in midday U.S. trading Thursday. The metals market traders on this day reckoned rising inflation prospects are bullish, as is shown by market history. A lower U.S. dollar index today, higher crude oil prices and […]
