Gold is going to $1,600 next, watch the perceived risk of recession – Goldman Sachs
(Kitco News) – What matters for gold is the perceived risk of recession, which is rising, said Goldman Sachs analyst, who sees the precious metal reaching $1,600 in Q4 and staying there.
Read moreGold solidly up, at daily highs, following more downbeat U.S. economic data
(Kitco News) – Gold prices are trading with double-digit gains in late-morning action Thursday, following some more weak U.S. economic data.
Read moreGold prices shoot higher after ISM Service Sector drops sharply in September
(Kitco News) -Recession fears are once again gripping financial markets and pushing gold prices higher as the sentiment U.S. service sector fell more than expected, according to the latest data from the Institute for Supply management (ISM).
Read moreWhere is gold headed next week? Vote now!
(Kitco News) – Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.
Read morePalladium ‘running down available inventory’ – BMO
(Kitco News) – The yellow metal is seeing a boost as trade war fears dominate the marketplace, according to TD Securities. “The weak growth signal from the ISM has brought forth fears that the trade war may now be hitting home,” TD Securities strategists write.
U.S. weekly jobless claims rise in line with expectations
(Kitco News) – The U.S. labor market remains relatively steady as U.S. weekly jobless claims rose by 4,000 claims to 219,000 in the week to Saturday, disappointing expectations.
Read moreGold prices near steady, will take cue from U.S. Stock Mkt.
(Kitco News) – Gold and silver prices are trading not far from unchanged in early U.S. trading Thursday. The precious metals traders are looking to the U.S. stock market for direction.
Read moreBitcoin daily chart alert – choppy, less-volatile trading this week – OCt. 3
(Kitco News) – Bitcoin-U.S. dollar futures prices are again near steady in early U.S. trading Thursday, as the bulls have stabilized the market late this week after prices hit a nearly four-month low on Monday.
Read moreJuly drilling activity strongest in six months
(Kitco News) – S&P Global said its four exploration metrics–significant financings, drilling activity, initial resources and positive project milestones–were all up in July.
Sandstorm Gold ups its revenue in Q3
(Kitco News) – Sandstorm said the results were a record for the company.
Read more