$3,500 is as good as it gets for gold and rallies should be shorted – DeCarley’s Garner
(Kitco News) – Disappointing economic data has pushed gold prices to a four-week high; however, according to one market strategist, April’s all-time high of $3,500 an ounce could be as good as it gets—at least for now.
Read moreGold rallies on weaker U.S. data, drop in USDX, Treasury yields
(Kitco News) – Gold prices are higher just before midday Wednesday, following some weaker U.S. economic data that sunk the U.S. dollar index and pushed U.S. Treasury yields down.
Read moreGold prices jump as U.S. services sector contracts for the first time in nearly a year
(Kitco News) – After a slow start in the early morning hours, gold prices have pushed into positive territory as the U.S. economy continues to slow momentum, with the service sector falling into contraction territory.
Read moreBank of Canada holds rate at 2.75% as expected, XAUCAD holds near C$4,600/oz
(Kitco News) – Spot gold held steady just below C$4,600 per ounce after the Bank of Canada held interest rates while warning about the growing impacts of trade tariffs from the United States.In a widely anticipated move, Canada’s central bank maintained its overnight bank rate at 2.75%. At the same time, the BoC signaled that trade uncertainty with the U.S. is beginning to impact the economy.
Read moreGold prices see solid support as U.S. ADP shows 37K jobs created in May
(Kitco News) – The gold market is seeing solid safe-haven demand as the pace of hiring in the U.S. private sector labor market falls to its lowest level since March 2023, according to private payroll processor ADP.
Read moreGold, silver a bit weaker on mid-week price pauses
(Kitco News) – Gold and silver prices are slightly lower Wednesday morning, on pauses ahead of a heavier slate of U.S. economic data releases to end the trading week.
Read moreBitcoin June 4 daily chart alert – Bulls still have technical advantage
(Kitco News) – Wednesday, June 4—June bitcoin futures prices are near steady in early U.S. trading Tuesday. Bulls have stabilized the market this week after the recent sell off.
Read moreGold market analysis for June 4 – 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 moreLava laced with gold: Precious metals are leaking from the Earth’s core to the surface
(Kitco News) – Gold and other precious metals are oozing from Earth’s core into the mantle, and scientists are now finding deposits on the surface, according to a new study published in the journal Nature.
Read moreFed to step in with QE in 3 months and ignite gold supercycle? Adrian Day weighs
(Kitco News) – As gold continues to hover above $3,350 and silver surges past $34 for the first time since 2012, renowned asset manager Adrian Day warns that markets are mispricing miners and overlooking a looming liquidity crisis that could force the …
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