Gold headed to $6,000 this year, silver to $133, but expect 30% price swings – AuAg Funds
(Kitco News) – Gold and silver are in once-in-a-lifetime bull markets, but one portfolio manager warns that even though they are on track to hit $10,000 and $300 an ounce respectively in the next few years, investors should prepare themselves for a vol…
Read moreGold, silver see modest gains as marketplace monitors U.S.-Iran developments
(Kitco News) – Gold and silver prices are trading modestly up near midday Thursday. Precious metals markets are pausing late this week as the marketplace is focused on the U.S. firepower build-up in the Middle East.
Read moreSpot gold reclaims $5,000/oz as U.S. pending home sales disappoint with -0.8% drop in January
(Kitco News) – Hopes for a stabilizing U.S. housing market were weakened after the number of potential home buyers fell beyond expectations last month, according to the latest data from the National Association of Realtors (NAR).The U.S. pending home sales index fell -0.8% in January, the NAR announced on Thursday. The data was worse than forecasts, as economists expected a 1.3% rise. December’s print was revised up to -7.4% from -9.3%. Month-over-month pending home sales rose in the Midwest and West, but declined in the Northeast and South.
Read moreGold prices push close to $5,000 as Philly Fed Survey rises to 16.3
(Kitco News) – The gold market is attracting a modest bid as it pushes closer to resistance at $5,000 an ounce, even as the U.S. manufacturing sector appears to have found a solid footing, according to the latest report from the Philadelphia Federal Re…
Read moreSpot gold trades at $4,976/oz after U.S. weekly jobless claims drop to 206k
(Kitco News) – Gold prices were holding in positive territory following the release of better-than-expected labor market data after the number of Americans filing new claims for unemployment benefits was lower than economists’ forecasts.
Read moreBitcoin Feb. 19 daily chart alert – Volatility collapse suggests bigger move coming
(Kitco News) – Thursday, February 19–February bitcoin futures prices are once again near steady in quieter U.S. trading early Thursday.
Read moreGold market analysis for February 19 – 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. Based on key short-term technical support and resistance levels, I show potential b…
Read moreSteady price action in gold, silver as U.S.-Iran in focus
(Kitco News) – Gold prices are trading near unchanged and silver is firmer in early U.S. trading Thursday. Precious metals markets are pausing late this week as the marketplace is focused on the U.S. firepower build-up in the Middle East.
Read moreFOMC minutes show a Fed confident in labor stability but uncertain about inflation, and increasingly divided on the rate path
(Kitco News) – The minutes from the January 27-28 Federal Open Market Committee (FOMC) meeting showed members expecting tariff-driven inflation to ease as the year rolled on, but with a large degree of uncertainty about the timing, and with the labor market appearing to stabilize after cooling, several members supported a two-sided statement of monetary policy risk, while two dissented on the rate hold, preferring a quarter-point cut.
Read morePrecious metals took the stairs up, but the escalator down, and speculators remain in the driver’s seat – Ross Norman
(Kitco News) – Gold’s relative outperformance of silver and the PGMs reflects deeper institutional commitment to the yellow metal, but the entire precious metals complex is still following speculative flows more than fundamental factors, according to Ross Norman, CEO of Metals Daily.In a recent analysis, Norman explained that precious metals prices once again followed the familiar pattern of taking the ‘stairs’ incrementally higher, before riding the ‘escalator’ lower again – slowly up, then rapidly down.
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