Spot gold approaching $4,220/oz after ISM Services PMI rises to 52.6 in November
(Kitco News) – The U.S. service sector strengthened last month with business activity improving and price pressures easing, but employment remained in contraction, according to the latest data from the Institute for Supply Management (ISM).The ISM announced on Wednesday morning that its Services Purchasing Managers Index rose to 52.6 in November, up from October’s reading of 52.4. The data was better than expected, as economists were looking for a reading of 52.1.
Read moreGold price jumps as ADP says 32K jobs lost in November
(Kitco News) – The gold market could see renewed bullish momentum as the U.S. private-sector labor market weakens dramatically, according to the latest data from payroll processing company ADP.
Read moreBitcoin December 3 daily chart alert – Bulls stabilize market at mid-week
(Kitco News) – Wednesday, December 3–December bitcoin futures prices are up a bit and hit a two-week high in early trading Wednesday.
Read moreGold price up; silver sets another all-time high
(Kitco News) – Gold and silver prices are higher in early U.S. trading Wednesday, with silver hitting another record high and closing in on $60.00 an ounce.
Read moreGold market analysis for December 3 – 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 moreRetail investors are in the driver’s seat in gold and silver, according to CME
(Kitco News) – Retail demand continues to dominate the precious metals market, according to trade data from the CME Group.
Read moreGold, silver sell off on profit-taking from shorter-term specs
(Kitco News) – Gold and silver prices are lower in midday U.S. trading Tuesday, on profit-taking from the shorter-term speculative futures traders and amid some improved trader/investor risk appetite in the general marketplace. Gold hit a six-week high…
Read moreGreen energy economy to exceed $7 trillion annually by 2030 what does this mean for silver?
(Kitco News) – While retail demand has been a significant driver in silver’s parabolic run to record highs above $58, industrial demand has been a critical factor behind the market’s dwindling above-ground stocks and is expected to continue supporting the precious metal’s long-term uptrend.
Read moreSilver price is holding $58 and Saxo Bank’s Ole Hansen still sees upside potential
(Kitco News) – The silver market continues to hold its ground above $58 an ounce, and while the market could see some volatility at these elevated levels, one analyst says it remains well supported and still has plenty of upside potential.
Read moreSilver price is holding $58 and Saxo Bank’s Ole Hansen still sees upside potential
(Kitco News) – The silver market continues to hold its ground above $58 an ounce, and while the market could see some volatility at these elevated levels, one analyst says it remains well supported and still has plenty of upside potential.
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