Gold price can’t catch a break, down 2% as ISM service-sector data hits new record
(Kitco News) – The gold market is seeing further selling pressure as the reopening of the U.S. economy spurs more momentum and growth in the service-sector, according to Institute for Supply Management (ISM).
Read morePositive labor market data taking its toll on gold prices; weekly jobless claims fall to new pandemic low
(Kitco News) – The gold market is seeing further selling pressure as a wave of positive labor market data hits the marketplace. less than 400,000 America workers applied for first-time unemployment benefits last week, falling to a new post pandemic low.
Read moreRussian gold miner Nordgold is planning a big listing in London
(Kitco News) – There is a new player in town and they could be one of the biggest. Nordgold is planning to IPO in London and wants to float at least 25% of their company.
Read moreGold price holding its ground following massive U.S. private sector employment growth
(Kitco News) – The gold market continues to see some stable technical selling pressure even as U.S. companies went on a hiring spree last month, according to private payrolls processor ADP.
Read moreRoutine price corrections pressuring gold, silver Thursday
(Kitco News) – Gold and silver prices are lower in early morning U.S. trading Thursday, on normal corrective pullbacks in existing price uptrends.
Read moreBitcoin daily chart alert – Bulls make some progress Thursday – Jun. 3
(Kitco News) – Bitcoin-U.S. dollar prices are solidly higher in early U.S. trading Thursday. Bulls are making some progress late this week. However, recent price action has formed a bearish symmetrical triangle pattern on the daily bar chart.
Read moreGold price support levels
(Kitco News) – It was noted in recent technical articles that the gold price could move to lower levels as the price was somewhat extended and the volume on selling candles was moving higher than the ones in which the price moved higher.
Read morePMI’s this morning beat expectations over to the U.S.
(Kitco News) – Both UK and EZ services PMI beat expectations to print at loft levels this morning. If the number is above 50 it indicates that the sector is in expansionary territory. In the U.K. this is the fastest rate of service sector output growt…
Read moreGold and silver move lower leading into the European session
(Kitco News) -Gold and silver have both moved lower overnight heading into the European session. Gold is trading half a percent lower at $1898.39/oz while silver has lost -0.88% to trade at $27.87/oz. Copper has also fallen -0.30% and spot WTI is the o…
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