Spot gold slides below $3,320/oz after Philly Fed survey rises to 15.9 in July
(Kitco News) – The gold market is trading near session lows on Thursday morning after the Philadelphia Federal Reserve’s manufacturing sector survey rose back into expansionary territory this month.The regional central bank said its manufacturing business outlook for July came in at 15.9 after a reading of -4 in both May and June. The data was much better than expected, as economists were looking for a reading of -1 this month.
Read moreGold price down amid rise in greenback
(Kitco News) – Gold prices are lower and silver prices slightly down in early U.S. trading Thursday. The metals are seeing some selling pressure amid a solid gains in the U.S. dollar index today, and a slight rise in U.S. Treasury yields.
Read moreGold prices sink as U.S. retail sales numbers jump 6% in June
(Kitco News) – The gold market is struggling at a key near-term support level as the U.S. consumer appears to be in better shape, spending more money than economists have expected.
Read moreGold prices fall to session lows after U.S. weekly jobless claims drop to 221k
(Kitco News) – Gold prices slid to session lows following the release of better-than-expected labor market data after the number of Americans filing new claims for unemployment benefits was below economists’ forecasts.
Read moreGold prices fall to session lows after U.S. weekly jobless claims drop to 221k
(Kitco News) – Gold prices slid to session lows following the release of better-than-expected labor market data after the number of Americans filing new claims for unemployment benefits was below economists’ forecasts.
Read moreGold prices stall as dollar gains strength amid sticky inflation and Fed uncertainty
(Kitco News) – Gold prices remain range-bound this week as subdued inflation tempers bullish momentum. However, one market analyst warns that a lack of upward drive could soon trigger renewed selling pressure.Data published this week showed that consum…
Read moreTariffs will accelerate a debt spiral ‘By design,’ says Lyn Alden
(Kitco News) – The United States is entering a “debt spiral by design,” according to macro strategist Lyn Alden, who warns that rising deficits, interest costs, and protectionist trade policies are structurally embedding long-term fiscal instability into the global economy
Read moreBull, bear, and baseline cases for gold prices in H2 2025 – World Gold Council
(Kitco News) – Gold prices could rise to the edge of $4,000 per ounce by year-end – or they could finish with single-digit annual gains – depending on how geopolitical and macroeconomic risks ultimately impact the yellow metal’s key drivers, according to the World Gold Council (WGC).
Read moreGold will outperform cyclical commodities through year-end – BCA
(Kitco News) – Defensive commodities like gold will continue to outperform more cyclical metals through the second half of the year, according to one research firm.
Read moreGold will outperform cyclical commodities through year-end – BCA
(Kitco News) – Defensive commodities like gold will continue to outperform more cyclical metals through the second half of the year, according to one research firm.
Read more