More profit-taking pressure in gold amid downside correction
(Kitco News) – Gold and silver prices are lower, with gold sharply down, in midday U.S. trading Thursday. More profit taking from the shorter-term futures traders is featured today, post-FOMC and after gold hit a record high and silver a 14-year high …
Read moreGold sees strong buying despite post-Fed pullback, uptrend is intact – FX Empire’s Lewis
(Kitco News) – Gold is still finding buyers on the dips after Wednesday afternoon’s Fed rate cut, and the technical picture remains supportive despite this week’s central-bank-driven volatility, according to Christopher Lewis, market analyst at FX Empire.
Read moreSpot gold trades at $3,668/oz after Philly Fed survey rises to 23.2 in September
(Kitco News) – The gold market is trading near session highs on Thursday morning after the Philadelphia Federal Reserve’s manufacturing sector survey rose deeper into expansionary territory this month.
Read moreGold consolidates above $3,650 following 33K drop in weekly jobless claims
(Kitco News) – Gold prices continued to consolidate above $3,650 an ounce even as fewer Americans than expected applied for first-time unemployment benefits, recovering slightly from the previous week’s two-year high.Initial claims for state unemployment benefits dropped by 33,000 to a seasonally adjusted 231,000 for the week ending Sept. 13, the Labor Department announced on Thursday. The number significantly beat expectations, as consensus estimates forecasted a reading of 241,000 claims. The previous week’s figure was revised up to 264,000.
Read moreGold price weaker on more routine profit-taking
(Kitco News) – Gold and silver prices are lower in early U.S. trading Thursday, on more profit taking from the shorter-term futures traders after gold hit a record high and silver a 14-year high on Tuesday.
Read moreGold stands firm as Bank of England leaves rates unchanged at 4%
(Kitco News) – Gold is holding elevated gains against the British pound but could struggle to attract new momentum as the Bank of England left interest rates unchanged and reiterated its gradual, careful approach to further easing.
Read moreBitcoin September 18 daily chart alert – Bulls gaining technical strength
(Kitco News) – Thursday, September 18–September bitcoin futures prices are higher and hit a four-week high in early U.S. trading Thursday.
Read moreGold market analysis for September 18 – 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 more‘We see where we are now, and we took that appropriate action today’ – Fed Chair Powell
(Kitco News) – After the Federal Reserve delivered the 25-basis-point rate cut the markets were widely anticipating, Chair Jerome Powell attempted to stay on message at his post-meeting press conference on Wednesday afternoon, but questions about the central bank’s independence ultimately overshadowed monetary policy and other economic concerns.
Read moreGold prices finds new momentum as the Fed cuts rates; signals more easing through 2026
(Kitco News) – The gold market is seeing some renewed buying momentum with prices pushing closer to $3,700 an ounce as the Federal Reserve lowered interest rates and signaled more cuts to come through year-end and into 2026.
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