Potential Fed chair Bullard sees 100 bps in cuts this year, would maintain 2% target and political independence
(Kitco News) – Following Fed chair Jerome Powell’s annual speech at Jackson Hole on Friday, Former St. Louis Fed President James Bullard – who has been shortlisted by the Trump administration to replace Powell – told Bloomberg he believes a September rate cut is squarely on the table.
Read moreGold price is well-supported despite easing geopolitical uncertainty – SocGen
(Kitco News) – Gold is struggling to break out of consolidation, with prices capped below $3,400 an ounce. Still, the metal remains well-supported despite easing global uncertainty and shifting trading flows, according to Société Générale.
Read moreGold near steady in quieter summertime trading
(Kitco News) – Gold prices are near steady and silver prices are modestly down near midday Monday. It’s a quieter, late-summer trading day for the precious metals markets to start the trading week and following a more active trading session Friday.
Read moreSustained dollar weakness will boost gold price, silver faces weaker futures positioning and solar demand – Heraeus
(Kitco News) – While interest rate optimism has put the wind back in gold’s sails, U.S. dollar weakness and political risks could be the bigger drivers going forward, while silver may be losing its momentum in key areas despite the recent rally to $39 per ounce, according to precious metals analysts at Heraeus.
Read moreGold price holding firm as U.S. new home sales fall 0.6% in July
(Kitco News) – The gold market is holding on to Friday’s gains and remains well supported as the U.S. housing market continues to struggle, even though new home sales improved slightly last month.
Read moreGold, silver see mild corrective price pullbacks
(Kitco News) – Gold and silver prices are slightly down in early U.S. trading Monday, on mild downside price corrections following Friday’s solid gains.
Read moreBitcoin August 25 daily chart alert – Bears working on price downtrend
(Kitco News) – Monday, August 25—August bitcoin futures prices are lower and hit a six-week low in early U.S. trading Monday. Bears have gained chart strength as prices are now in a fledgling downtrend on the daily bar chart.
Read moreGold market analysis for August 25 – key intra-day price entry levels for active traders
(Kitco News) – This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher.
Read moreHarvard “jumped the shark” and bought gold and Bitcoin; will other public funds follow
(Kitco News) – I don’t usually like reading hyperbolic clichés, so I apologize for what I am about to say, but the second quarter was a game-changer for the gold market as Harvard’s endowment fund jumped into gold for the first time on record.
Read moreGold price gains as Powell signals rate cuts, but inflation risk clouds outlook
(Kitco News) – Federal Reserve Chair Jerome Powell has opened the door to rate cuts next month, but that position could become complicated if inflation pressures continue to rise.
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