Gold will hit $5,900/oz by year end on Fed easing, sovereign buying – UBS
(Kitco News) – A further decline in real U.S. rates will help support investor demand for gold exchange-traded funds (ETF) by lowering the opportunity cost of holding the non-yielding metal, while central banks are expected to continue adding to their reserves, according to analysts at UBS.“Gold remained under pressure for much of last week,” the analysts wrote on Monday. “Even after a rebound, the precious metal is still around 7% below its all-time high.”
Read moreGold will hit $5,900/oz by year end on Fed easing, sovereign buying – UBS
(Kitco News) – A further decline in real U.S. rates will help support investor demand for gold exchange-traded funds (ETF) by lowering the opportunity cost of holding the non-yielding metal, while central banks are expected to continue adding to their reserves, according to analysts at UBS.“Gold remained under pressure for much of last week,” the analysts wrote on Monday. “Even after a rebound, the precious metal is still around 7% below its all-time high.”
Read moreTreasury calls gold a ‘bubble’ while banks target $6,000: Feneck warns of ‘commodity war’
(Kitco News) – Investors navigating the precious metals market are facing a massive disconnect between government rhetoric and institutional action, with the U.S. Treasury attempting to talk down prices while major banks position for record highs, acco…
Read moreTreasury calls gold a ‘bubble’ while banks target $6,000: Feneck warns of ‘commodity war’
(Kitco News) – Investors navigating the precious metals market are facing a massive disconnect between government rhetoric and institutional action, with the U.S. Treasury attempting to talk down prices while major banks position for record highs, acco…
Read moreCould weak U.S. consumer spending provide some support for gold prices
(Kitco News) – The gold market continues to show signs of stability as it holds gains above $5,000 an ounce. Meanwhile, disappointing consumption data—as American consumers spent less in December—could spur some safe-haven demand according to some analysts
Read moreBitcoin February 10 daily chart alert – Price action pauses early this week
(Kitco News) – Tuesday, February 10–February bitcoin futures prices are slightly weaker in early U.S. trading Tuesday.
Read moreGold market analysis for February 10 – 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 moreModest price pressure on gold, silver
(Kitco News) – Gold and silver prices are mildly weaker in early U.S. trading Tuesday. The precious metals markets are pausing ahead of the U.S. jobs report on Wednesday and some U.S. inflation data late this week.
Read moreSilver’s parabolic rally a ‘seven sigma event’ where ‘YOLO traders’ turned $20,000 into $5 million – RJO Futures’ Pavilonis
(Kitco News) – Silver’s wild ride through $120 per ounce saw short-term crypto-style traders make fortunes, sometimes far outperforming the profits of knowledgeable and experienced commodity lifers, according to Daniel Pavilonis, senior commodities broker at RJO Futures.In a Friday interview with Kitco News, Pavilonis conducted a postmortem of silver’s recent parabolic rally, and the precipitous decline that ended it – at least for now.
Read moreSafe-haven demand, outside markets push gold, silver sharply higher
(Kitco News) – Gold and silver prices are sharply higher at midday Monday. The precious metals markets are seeing safe-haven demand amid a geopolitical scene that does not see super hot spots at present, but instead several global matters that are simm…
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