Is gold expensive? Not yet
(Kitco News) – Gold prices flirted with $3,700 an ounce this past week and are up nearly 40% so far this year, so it should not come as a surprise that some investors use the Federal Reserve’s cautious return to the easing cycle as a reason to take profits.
Read moreWall Street adopts a more neutral bias on gold post-Fed; Main Street also corrals its bullish sentiment for the week ahead
The latest Kitco News Weekly Gold Survey showed Wall Street sentiment returning to a more neutral bias following the Fed’s rate cut, while Main Street investors also pulled back on their bullish sentiment.
Read moreGold could bounce around $3600 next week, but nobody is giving up on this rally
(Kitco News) – The Federal Reserve’s cautious resumption of the easing cycle has taken some momentum away from gold, as prices have been unable to hold gains above $3,700 an ounce.
Read moreSwiss gold exports to the U.S. fall 99% in August, but rise 353% to China after tariff shock
(Kitco News) – Switzerland’s bullion exports to the United States plummeted in August after a shock customs ruling imposed tariffs on gold bars, according to the latest Swiss customs data published Thursday.Gold exports to the U.S. nearly stopped altogether during the month, with the customs data showing shipments from Switzerland dropping over 99% to only 0.3 tonnes in August compared to July’s figures.
Read moreBitcoin September 19 daily chart alert – Bulls enjoying price uptrend
(Kitco News) – Friday, September 19–September bitcoin futures prices are down a bit in early U.S. trading Friday, after hitting a four-week high Thursday.
Read moreGold market analysis for September 19 – 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 gains for gold, silver in quieter dealings
(Kitco News) – Gold and silver prices are up a bit in early U.S. trading Friday. Market action is quieter to end the trading week.
Read moreFed cuts rates amid weakening economy as ex-IMF Chief warns of “inevitable” inflation
(Kitco News) – The Federal Reserve cut its benchmark interest rate by a quarter-percentage point on Wednesday for the first time in nine months, a move intended to shore up a weakening economy that one of the world’s leading economists warns is a step …
Read moreProfit-taking hits gold, but Fed uncertainty supports long-term upside – Metals Focus
(Kitco News) – The gold market is seeing solid profit-taking as economists describe the Federal Reserve’s latest move as a cautious easing cycle. Still, one research firm says gold remains in a long-term uptrend.
Read moreHow much gold should investors hold as the Fed restarts its easing cycle?
(Kitco News) – The gold market continues to consolidate at elevated levels above $3,600 an ounce but is struggling to attract new momentum, even as the Federal Reserve embarks on a new easing cycle.
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