Gold price testing resistance at $5,200 as U.S. existing home sales rise 1.7% in February
(Kitco News) – The gold market is resting at resistance at $5,200 an ounce and paying little attention to the U.S. housing market, as it shows preliminary signs of stabilizing, with consumers buying more existing homes than expected last month.
Read moreRock beats paper: Gold’s bull run is far from over – Byron King
(Kitco News) – Gold prices continue to hold the line around $5,100 an ounce in what is proving to be a volatile consolidation pattern; however, according to one investor, there is still plenty of upside potential as the global economy faces extreme unc…
Read moreRock beats paper: Gold’s bull run is far from over – Byron King
(Kitco News) – Gold prices continue to hold the line around $5,100 an ounce in what is proving to be a volatile consolidation pattern; however, according to one investor, there is still plenty of upside potential as the global economy faces extreme unc…
Read moreSolid price gains for gold, silver amid weaker USDX
(Kitco News) – Gold and silver prices are higher in early U.S. trading Tuesday, on safe-haven demand amid marketplace uncertainties regarding the war in Iran.
Read moreBitcoin March 10 daily chart alert – Sideways grind favors bulls
(Kitco News) – Tuesday, March 10—March bitcoin futures prices are firmer in early U.S. trading Tuesday. Some chart consolidation is featured amid sideways and choppy trading.
Read moreGold market analysis for March 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 moreChina’s central bank buys gold for 16th month straight in February despite near-record prices
(Kitco News) – China’s central bank added gold to its reserves for the 16th consecutive month in February, even as escalating geopolitical tensions kept the price of bullion not far from January’s all-time highs.The People’s Bank of China added 30,000 ounces of gold to its reserves last month, bringing its total gold holdings to 74.2 million ounces of gold as of the end of February, valued at approximately $387.6 billion, according to the State Administration of Foreign Exchange (SAFE).
Read moreGold investment demand remains strong despite price volatility – World Gold Council’s Cavatoni
(Kitco News) – Despite gold’s recent disappointing price action, as the precious metal has been unable to hold a safe-haven bid, it continues to attract strong investor interest due to broader geopolitical tensions and shifting macroeconomic conditions, according to the World Gold Council.
Read moreGold’s fade shows investors ‘not fully positioned for a prolonged stagflationary impulse’ – BNY’s Savage
(Kitco News) – After breaking its five-week winning streak last week, investors still see gold as an essential alternative to fiat currencies but don’t see the earlier momentum, and restoring the historical correlation between oil and gold will require either significantly higher oil or lower gold prices, according to Bob Savage, head market strategist at BNY.
Read moreGold down on stagflation worries, firmer greenback
(Kitco News) – Gold prices are lower near midday Monday, on increasing marketplace worries that the war in Iran will cause global stagflation that includes higher interest rates.
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