Gold remains under pressure as U.S. Consumer Confidence drops in June
(Kitco News) – The gold market continues to struggle and has been unable to attract any safe-haven interest, even as consumer confidence declines further.
Read moreBitcoin June 24 daily chart alert—bulls work to stabilize price
(Kitco News) – Tuesday, June 24—July bitcoin futures prices are solidly higher and have made a strong rebound after hitting a six-week low Monday.
Read moreStrong price pressure on gold as Middle East tensions ease
(Kitco News) – Gold prices are sharply down in early U.S. trading Monday, as the geopolitical situation in the Middle East has taken a rapid and surprising turn toward de-escalation of military conflict—at least for now.
Read moreGold price testing support just above $3,300 as Powell reiterates Fed’s neutral stance
(Kitco News) – Not only is gold losing its safe-haven allure as tensions between Israel and Iran have begun to ease with a potential ceasefire in place, but the precious metal is also not receiving any monetary support as the Federal Reserve is expecte…
Read moreInvestors should see gold as a diversification tool and not a hedge against geopolitical risk events – UBS
(Kitco News) – Geopolitical uncertainty in the Middle East remains extremely elevated after the U.S. announced a missile attack on Iran’s nuclear facilities, and Iran responded with a missile attack on a U.S. airbase in Qatar. However, gold is not attracting a significant safe-haven bid, as prices have struggled to hold above $3,400 an ounce.
Read moreThe last time oil was this cheap relative to gold was when prices were negative – Felder Report
(Kitco News) – The gold market continues to consolidate within an elevated range between $3,350 and $3,400 an ounce. According to one analyst, it might be time for investors to look at other undervalued commodities.
Read moreSilver and platinum investment surges as hawkish Fed, flagging safe haven bid saps gold – Heraeus
(Kitco News) – Gold has taken a back seat to the white metals, and a hawkish turn from the Fed won’t help it in the near term, while silver and platinum are enjoying increased inflows from investors, according to precious metals analysts at Heraeus.
Read moreGold, silver gain on safe-have bids, technical buying
(Kitco News) – Gold and silver prices are moderately up in midday U.S. trading Monday.
Read moreGold prices crawling above neutral levels following quiet PMI data
(Kitco News) – Gold prices are trying to attract some new bullish momentum to retest resistance at $3,400 an ounce, but are not finding a lot of support from a slight improvement in U.S. economic activity across both the service and manufacturing sectors.
Read moreSpot gold off session high at $3,372/oz after U.S. existing-home sales rise 0.8% in May
(Kitco News) – Spot gold is coming off its session high near $3,390 per ounce after the latest data showed the U.S. housing market performing beyond expectations last month.
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