Gold prices near session highs after U.S. September retail sales rise 0.2%
(Kitco News) – The gold market is trading near its daily highs after the latest data showed American consumers’ spending growth coming in below expectations.U.S. retail sales rose 0.2% in September following a reading of 0.6% in August, the U.S. Commerce Department announced on Tuesday. The data was lower than expectations, as the consensus of economists projected a 0.4% increase in September’s headline number.
Read morePrice gains for gold, silver as big U.S. data dump looms
(Kitco News) – Gold and silver prices are higher in early U.S. trading Tuesday, as traders await a two-day onslaught of U.S. economic data releases.
Read moreBitcoin November 25 daily chart alert – Bears remain in solid control
(Kitco News) – Tuesday, November 25–December bitcoin futures prices are weaker in early trading Tuesday. Prices last Friday hit a contract low and the technical picture remains strongly bearish.
Read moreGold market analysis for November 25 – 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 moreGold a crowded trade, price will be sensitive to holiday shopping data, says Kathy Lien
(Kitco News) – This week could present a strategic buying opportunity for gold investors, even as the price trades comfortably near $4,100 an ounce, according to one market strategist.
Read moreChina’s 2025 gold purchases likely 10X higher than the official 25 tons, real total reserve tops 5,000 tons – SocGen
(Kitco News) – China’s off-the-books gold purchases are ten times higher than the official numbers, and the Asian giant’s true reserves are second only to those of the United States, according to a new report by El Pais.
Read moreGold, silver gain as barrage of U.S. economic data on deck
(Kitco News) – Gold and silver prices are higher in midday U.S. trading Monday, in a quieter start to a U.S.-holiday-shortened trading week. Traders and investors are awaiting a heavy slate of U.S. economic data due to be released Tuesday and Wednesday.
Read moreGold near $4,100: Strong investment demand limits downside risk – Standard Chartered’s Cooper
(Kitco News) – The gold market is once again testing resistance near $4,100 an ounce as investment demand continues to support elevated prices; however, one market strategist says that further volatility in equity markets and cryptocurrencies could pos…
Read moreGold prices restrained by falling Fed rate cut odds, solar industry ‘aggressively’ seeking silver substitutes – Heraeus
(Kitco News) – A reduction in Fed rate cut odds is hurting gold’s price upside, while the solar industry is working hard to find viable substitutes for the gray metal amid stubbornly high prices, according to precious metals analysts at Heraeus.In the latest update, they wrote that the chances of a U.S. rate cut at the December Fed meeting are shrinking.
Read moreBitcoin November 24 daily chart alert – Price downtrend remains firmly in place
(Kitco News) – Monday, November 24–December bitcoin futures prices are down in early trading Monday. Prices last Friday hit a contract low.
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