Bitcoin June 20 daily chart alert – Bullish symmetrical triangle forms
(Kitco News) – Friday, June 20—June bitcoin futures prices are firmer in early U.S. trading Friday. This week’s price action has helped to form a bullish symmetrical triangle pattern on the daily bar chart.
Read moreGold market analysis for June 20 – 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 moreCiti sees gold prices falling below $3,000 by the end of the year
(Kitco News) – Gold’s nearly 30% rally this year has attracted significant bullish attention, as a growing number of analysts look toward $4,000 an ounce. However, not all banks are bullish on gold.
Read moreSocGen is not looking to sell its gold until prices hit $4,000
(Kitco News) – Gold may be a crowded trade as prices consolidate below $3,400 an ounce, but one firm is not ready to give up on the precious metal just yet.
Read moreIt’s not just the US dollar, gold treading water against British pound and Swiss franc following in line central bank moves
(Kitco News) – U.S. markets are closed in recognition of Juneteenth, and the gold market is not finding much direction from global currencies after the Bank of England left interest rates unchanged, while the Swiss National Bank cut rates.
Read moreGold stalled? Look at platinum as prices hit a five-year high above $1,300
(Kitco News) – The gold market may be stuck in a holding pattern as prices consolidate below $3,400 an ounce; however, there is still plenty of bullish momentum in the precious metals space—if you know where to look.
Read more‘A hike is not the base case at all’ – Fed Chair Powell
(Kitco News) – With the Federal Reserve once again maintaining interest rates unchanged, FOMC Chair Jerome Powell once again struck a measured tone in his post-meeting press conference on Wednesday afternoon, noting that anxiety over tariffs had diminished and the economy remained resilient.
Read moreGold remains flat on the day as Federal Reserve leaves rates unchanged; lowers growth and raises inflation expectations
(Kitco News) – The gold market is experiencing notable volatility below $3,400 an ounce as the Federal Reserve continues to lower its economic growth forecasts, raise its inflation expectations, and signal the possibility of two rate cuts this year.As expected, the Federal Reserve left interest rates unchanged, maintaining the target range between 4.25% and 4.50%. However, markets are primarily focused on the central bank’s updated economic projections.
Read moreGold up a bit, shows little reaction to FOMC statement
(Kitco News) – Gold prices are a bit firmer and silver prices a bit weaker in afternoon U.S. trading Wednesday. The just-released Fed FOMC statement left U.S. interest rates unchanged, as expected.
Read moreGold is a crowded trade for the third straight month, but there is still a path to $4k – BoA survey
(Kitco News) – The gold market continues to consolidate at elevated levels, but near-term downside risks are growing as sentiment remains extremely bullish, raising concerns among some fund managers.
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