Latest News

The Next Gold Rush Is Not Cryptos, But ‘Outer Space Gold Mines’ – Famed Physicist

Cryptocurrency is not the future, according to physicist Michio Kaku, who is convinced that the next gold rush is in asteroid mining.

Gold Is The Best Safe Asset And Prices Will Be Higher In 18 Months – Crossborder Capital

(Kitco News) – Further tightening of U.S. monetary policy will be negative for the gold market in the near term, but according to one research firm, lower prices could represent a long-term buying opportunity.

Gold Punished By Hawkish New Fed Chief

Gold prices were ending the U.S. day session solidly lower and hit a two-week low Tuesday.

Gold Sharply Down On Hawkish Tone From Fed Chairman Powell

Gold prices have dropped to sharply lower levels and are at a two-week low in midday trading Tuesday, following remarks to U.S. lawmakers from new Federal Reserve Chairman Jerome Powell.

Fed Chair Jerome Powell Talks Down Gold Prices; ‘Recession Risks Not High’

(Kitco News) – Upbeat comments on the U.S. economy from new Fed Chair Jerome Powell is dragging gold prices down to near a two-week low.

Gold Extends Losses As U.S. Dollar Index Rallies

Gold Prices Sees Little Reaction To Powell’s Support Of Gradual Rate Hikes

(Kitco News) – As expected newly minted Fed Chairman Jerome Powell is keeping a steady hand on the monetary policy tiller as reiterated a gradual pace of interest rate hikes in his first testimony before the House Committee on Financial Services.

Gold Trims Loss After 3.7% Fall In Jan. U.S. Durable-Goods Orders

Gold prices extended early losses after a Commerce Department report showing orders for durable goods in the U.S. slid by 3.7% during January. Comex April gold was last down $6.20 to $1,326.60 an ounce.

Gold Weaker As New Fed Chairman Powell On Deck

Gold and silver prices are modestly lower in early morning U.S. trading Tuesday.

Commerzbank: Monthly Chinese Silver Imports Highest In 7 ½ Years

China “a lot of silver” in January, says Commerzbank.