New and old money is behind gold price’s explosive move this year, says Standard Chartered
(Kitco News) – This year’s gold price rally is being supported by both new and old money, according to Standard Chartered, which cited quarterly filings.
Read moreGold can’t hold early gains as U.S. stock market rallies
(Kitco News) – Gold and silver futures markets are weaker in midday U.S. trading Monday. The early gains in the metals today could not hold amid global risk appetite that is keener to start the trading week.
Read moreJackson Hole: big dollar moves expected; sell gold now or hold?
(Kitco News) – The annual Jackson Hole Symposium, a gathering of central bankers, economists, and financial institutions, will see its first ever virtual conference this week, and will likely set the tone for further U.S. dollar depreciation, said Gary…
Read moreFed Chair Powell’s keynote at Jackson Hole could ‘reinvigorate’ gold price action: TD Securities
(Kitco News) – All eyes are on the Federal Reserve Chair Jerome Powell’s keynote address on Thursday at the virtual Jackson Hole symposium, according to TD Securities strategists.
Read moreHedge funds hesitant to place new bullish gold bets
(Kitco News) – Rising volatility in the gold market is making hedge funds a little nervous as they have reduced their exposure to the yellow metal, according to analysts looking at the latest trade data from the Commodity Future Trading Commission (CFT…
Read moreBitcoin daily chart alert – Bulls still strong – Aug. 24
(Kitco News) – Bitcoin-U.S. dollar prices are higher Friday. The market has paused recently amid choppy trading, which is not bearish. Bulls still have the solid overall near-term technical advantage.
Read moreGold, silver markets see price gains to start trading week
(Kitco News) – Gold and silver futures markets are firmer in early U.S. trading Monday. The gains in the metals today are impressive given that global risk appetite us keener to start the trading week.
Read moreGold price starting the week under pressure, market looks vulnerable
(Kitco News) – The gold market is starting a new trading week on the back foot as the U.S. dollar continues to find new buyers.
Colombia sells 9.7 tonnes of gold in June
(Kitco News) – Retail investors aren’t the only ones who are cashing in on the gold rally. Colombia’s central bank sold about two-thirds of its gold reserves, according to media reports.
Lynas signs sub-lease for Kalgoorlie rare earth processing facility
(Kitco News) – Expected to be operational mid-2023 the facility will process rare earth concentrate from the Lynas mine at Mt Weld, near Laverton.
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