Gold market treading water around $4,100 an ounce as S&P flash PMI data shows solid economic activity
(Kitco News) – The U.S. economy remains on solid ground, with activity in both the manufacturing and service sectors continuing to improve, according to the latest data from S&P Global.
Read moreNewmont posts $1.9b in Q3 profit as gold prices surge 41%
(Kitco News) – Higher prices and improved cost management helped drive better-than-expected earnings for the world’s largest gold producer through the summer.
Read moreBitcoin October 24 daily chart alert – Prices stabilize late this week
(Kitco News) – Friday, October 24–October bitcoin futures prices are higher again early Thursday. Bulls have stabilized the market late this week, which is a win for them, heading into the weekend.
Read moreGold spikes above $4,090/oz as September CPI cools more than expected
(Kitco News) – The gold market is paring its earlier losses after U.S. inflation pressures cooled more than expected last month.The headline Consumer Price Index (CPI) rose by 0.3% last month after August’s 0.4% increase, the U.S. Bureau of Labor Statistics announced on Friday. The inflation data was lower than expected, as economists were looking for another 0.4% increase.The report noted that headline inflation rose by 3.0% over the last 12 months, lower than economists’ forecasts for a 3.1% reading, but above the 2.9% reported in August.
Read moreGold market analysis for October 24 – 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 moreSolid price pressure on gold, silver; bearish chart patterns form
(Kitco News) – Gold and silver prices are posting strong losses in early U.S. trading Friday, as very high daily price volatility continues, which is not bullish.
Read moreLondon faces 150-million-oz silver shortfall amid COMEX drain – Insider
(Kitco News) – A massive physical drain of silver from COMEX warehouses is accelerating, signaling profound stress in the global delivery system even as a fundamental “structural change” is redefining gold’s role as an asset, former bullion bank executive Bob Gottlieb said Thursday.
Read moreSaudi mining exploration spending increases 500% since 2020 as foreign investment surges
(Kitco News) – Saudi Arabia increased its exploration spending by 500% over the last five years – more than doubling in the last year alone – making the kingdom one of the fastest-growing mining jurisdictions in the world, the Ministry of Industry and Mineral Resources (MIM) announced this week.
Read moreThe last $1,000 of the gold rally was irrational, and the top is in – DeCarley’s Garner
(Kitco News) – Although gold has managed to hold critical support above $4,000 an ounce, the rally over the last two months has been irrational, according to one trader who remains bearish on the metal.
Read moreStrong gains for gold, silver on perceived bargain buying
(Kitco News) – Gold and silver prices are sharply higher in midday U.S. trading Thursday, on strong corrective rebounds and perceived bargain hunting following recent heavy selling pressure.
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