U.S. existing home sales drop 0.2% in August
(Kitco News) – The gold market continues to experience some profit-taking even as activity in the U.S. housing sector remains fairly subdued, with fewer consumers purchasing existing homes, according to the latest data from the National Association of Realtors (NAR).Total existing-home sales—including single-family homes, townhomes, condominiums, and co-ops—fell 0.2% in August to a seasonally adjusted annual rate of 4 million, the NAR announced Thursday.
Read moreChina’s relentless gold accumulation will keep prices in a decade-long uptrend
(Kitco News) – After a strong start to the year, Chinese gold demand has slowed significantly since the summer. While further demand could remain constrained due to higher prices, one bank says China will remain a dominant player in the marketplace for…
Read moreGold, silver bulls hit the accelerator…again
(Kitco News) – Gold and silver prices are sharply higher in midday U.S. trading Monday. Gold scored another record high today, while silver hit a fresh 14-year high.
Read moreCentral bank gold demand weakens in Q3, U.S. silver demand from solar could slide in 2025 – Heraeus
(Kitco News) – Central banks have pulled back from their torrid pace of gold purchases from earlier this year, while the latest data show U.S. solar capacity could actually drop in 2025, according to precious metals analysts at Heraeus.In their latest precious metals update, the analysts wrote that it was no surprise when gold prices dipped following the Fed’s 25-bps rate cut on Wednesday.
Read moreGold price powers to record high; silver at 14-year high
(Kitco News) – Gold and silver prices are sharply up in early U.S. trading Monday. Gold hit another record high, while silver notched a fresh 14-year high.
Read moreBitcoin September 22 daily chart alert – Bulls lose technical advantage
(Kitco News) – Monday, September 22–September bitcoin futures prices are sharply down and hit a two-week low in early U.S. trading Monday.
Read moreGold market analysis for September 22 – 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 moreIs gold expensive? Not yet
(Kitco News) – Gold prices flirted with $3,700 an ounce this past week and are up nearly 40% so far this year, so it should not come as a surprise that some investors use the Federal Reserve’s cautious return to the easing cycle as a reason to take profits.
Read moreWall Street adopts a more neutral bias on gold post-Fed; Main Street also corrals its bullish sentiment for the week ahead
The latest Kitco News Weekly Gold Survey showed Wall Street sentiment returning to a more neutral bias following the Fed’s rate cut, while Main Street investors also pulled back on their bullish sentiment.
Read moreGold could bounce around $3600 next week, but nobody is giving up on this rally
(Kitco News) – The Federal Reserve’s cautious resumption of the easing cycle has taken some momentum away from gold, as prices have been unable to hold gains above $3,700 an ounce.
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