Investors 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.
Read moreGold price modestly up; muted reaction to U.S. strikes on Iran
(Kitco News) – Gold and silver prices are up just a bit in early U.S. trading Monday. Surprisingly, risk aversion is not highly elevated after the weekend U.S. military strikes on Iran’s nuclear plants. Reads a DowJones Newswires headline today: “Markets amazingly calm after U.S. attacks on Iran.” I’ve been a full-time markets watcher for 40 years, and I would call today “eerily calm.” August gold was last up $7.50 at $3,393.20. July silver prices were last up $0.108 at $36.125.
Read moreGold price modestly up; muted reaction to U.S. strikes on Iran
(Kitco News) – Gold and silver prices are up just a bit in early U.S. trading Monday. Surprisingly, risk aversion is not highly elevated after the weekend U.S. military strikes on Iran’s nuclear plants. Reads a DowJones Newswires headline today: “Markets amazingly calm after U.S. attacks on Iran.” I’ve been a full-time markets watcher for 40 years, and I would call today “eerily calm.” August gold was last up $7.50 at $3,393.20. July silver prices were last up $0.108 at $36.125.
Read moreBitcoin June 23 daily chart alert—bears now working on price downtrend
(Kitco News – Monday, June 23—June bitcoin futures prices are lower and hit a six-week low in early U.S. trading Monday.
Read moreBitcoin June 23 daily chart alert—bears now working on price downtrend
(Kitco News – Monday, June 23—June bitcoin futures prices are lower and hit a six-week low in early U.S. trading Monday.
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