Bitcoin Daily Chart Alert—Bulls Stabilize Prices
(Kitco News) – Bitcoin-U.S. dollar prices are slightly firmer in early U.S. trading Monday.
Read moreBBH: Dollar, Treasury Yields Back Off; Data Undershooting Expectations
The U.S. dollar has given up some of its recent gains and Treasury yields have fallen back, with some apparent cooling of the U.S. economy, although expectations remain for another Federal Reserve rate hike in September, says Brown Brothers Harriman.
Read moreGold Slightly Down Amid Scant Risk Aversion
(Kitco News) – Gold and silver prices are slightly lower in early U.S. trading Monday. The world marketplace is quieter to start the trading week, with little risk aversion among traders and investors.
Read moreGold Posting Solid Gains As U.S. Dollar Index Sells Off Following Fed Chair Speech
Gold prices are solidly higher, near their daily highs and poised to produce a technically bullish weekly high close in afternoon trading Friday.
Read moreKitco News Weekly Outlook: Is Now The Time To Buy Gold As Six-Week Losing Streak Ends?
(Kitco News) – For some commodity analysts, this could be the perfect time to buy gold as it looks like U.S. monetary policy will be less supportive of the U.S. dollar going forward.
Read moreWall St. Still Upbeat On Gold; Main St. Flips To Bullish
Wall Street and Main Street both look for higher gold prices next week, based on the weekly Kitco News gold survey.
Read moreStocks Rise as Fed Chairman Powell Says He Expects Gradual Rates Increases
Stocks rose on Friday, Aug. 24, after Federal Reserve Chairman Jerome Powell said gradual interest rate hikes were appropriate to keep inflation under control as long as growth in the U.S. economy remained strong.
Read moreCommerzbank: Gold Simply Needs Spark For Short-Covering Rally
Gold is poised for a big short-covering rally, with the metal only needing a fresh catalyst, said analysts with Commerzbank in an outlook report released Friday.
Read moreGold Prices Rise 1% Following Comments From Fed Chair Powell
(Kitco News) – Gold prices are holding above the critical psychological barrier at $1,200 an ounce as Federal Reserve Chair Jerome Powell highlights the central bank’s commitment to gradually raise interest rates as the U.S. economy continue its strong performance.
Gold Prices At $1,200 As U.S. Durable Goods Miss Expectations, Falling 1.7% In July
(Kitco News) – Gold prices have pushed to session highs at the critical psychological level of $1,200 following weaker than expected manufacturing data.
Read more