Gold prices can’t catch a bid as U.S. pending home sales numbers cool in January
(Kitco News) – Momentum in the U.S. housing market appears to be cooling as fewer American start the process of buying a new home, according to the latest report from the National Association of Realtors (NAR).
Gold prices ignore slight miss in U.S. Q4 GDP numbers
(Kitco News) – The U.S. economy continues to recover from the devastating effects of the COVID-19 pandemic; however, according to the second reading of U.S. Gross Domestic Product, the pace of growth is slightly slower than expected.
Gold prices at session lows following 111K drop in U.S. Weekly jobless claims
(Kitco News) – A sharp drop in the number of American workers filing for weekly unemployment benefits is helping to weigh down gold prices.
Gold price near daily lows as U.S. durable goods beat expectations
(Kitco News) – Gold was trading near daily lows after the newly released data showed that orders for long-lasting U.S. factory goods were up 3.4% in January versus the expected advance of 1.1%.
Read moreGold sees more downside price action amid rising bond yields
(Kitco News) – Gold futures prices are lower again in early U.S. trading Thursday. Rising government bond yields are at least short-term bearish for the precious metals markets as the benchmark U.S. Treasury note is presently yielding 1.45%, which is a…
Read moreBitcoin daily chart alert – Bulls stabilize prices late this week – Feb. 25
(Kitco News) – Bitcoin-U.S. dollar prices are solidly higher in early U.S. trading Thursday, as bulls have stopped the bleeding from this week’s strong downside price pressure after prices hit a record high last weekend.
Anglo American shares gap up after earnings call
(Kitco News) – Anglo American (AAL:LSE) shares shot nearly 5% higher after the firm recorded a net profit of $2.09 billion last year down from $3.55 billion in 2019.
Read moreGoldman Sachs still see upside for gold but lower their forecast for the yellow metal
(Kitco News) – Investment bank Goldman Sachs has downgraded its gold forecast on Wednesday. They now believe higher real interest rates are already reflected in the precious metal’s price and the move higher could continue once higher rates are fully priced in
Gold and silver have slipped lower leading into the EU session
(Kitco News) – Gold and silver have moved lower overnight and the yellow metal trades conclusively under the $1800//oz level. Silver dropped half a percent in the red to trade at $27.77/oz.
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