Spot gold spikes to $4,969/oz after U.S. housing starts rise 3.9% in November, 6.2% in December
(Kitco News) – Gold prices are trading near session highs this morning after the latest data showed the U.S. housing market improving more than expected in November and December.Housing starts rose 3.9% in November to a seasonally adjusted annual rate of 1.322 million units, the Commerce Department announced on Wednesday. The data was better than expected as economists looked for a decrease to 1.270 million units. October’s number was 1.246 million units.
Read moreGold near session highs after U.S. durable goods post -1.4% loss in December
(Kitco News) – The gold market is trading near session highs and approaching $5,000 per ounce after the latest economic data showed sales of durable goods for December fell less than expected.The Commerce Department announced Wednesday that U.S. durable goods orders fell -1.4% in December, following November’s unrevised increase of 5.3%. The data was better than expected, as the consensus view of economists called for a decrease of -2.0%.
Read moreBitcoin Feb. 18 daily chart alert – Mid-week price pause
(Kitco News) – Wednesday, February 18–February bitcoin futures prices are near steady in quieter U.S. trading early Wednesday. Not much new, technically, at mid-week. Bears have the firm overall near-term technical advantage as prices are in a do…
Read moreGold market analysis for February 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 moreGold market analysis for February 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 moreGold, silver see price gains as FOMC minutes on deck
(Kitco News) – Gold and silver prices are higher in early U.S. trading Wednesday, with silver again leading to the upside. Prices are seeing a corrective bounce from Tuesday’s losses, as well as some position evening ahead of this afternoon’s FOMC minutes.
Read moreGold, silver see price gains as FOMC minutes on deck
(Kitco News) – Gold and silver prices are higher in early U.S. trading Wednesday, with silver again leading to the upside. Prices are seeing a corrective bounce from Tuesday’s losses, as well as some position evening ahead of this afternoon’s FOMC minutes.
Read moreJP Morgan says there’s a case against the gold rally continuing – and it’s wrong
(Kitco News) – There’s a reasonable case to be made against gold’s continued appreciation, but that case is still incorrect, according to the senior brain trust at J.P. Morgan.“Gold has had a ferocious rally over the last five years, skyrocketing over 170%, wrote Kriti Gupta, Executive Director of J.P. Morgan Private Bank, and Justin Biemann, Global Investment Strategist. “There’s a laundry list of reasons why, but the biggest driver may be a new era of geopolitical volatility and fragmentation incentivizing investors to buy the precious metal.”
Read moreGold’s pullback is a reset, not the end of the metals bull market – American Pacific CEO
(Kitco News) – The metals market has delivered a sharp reminder: nothing moves vertically forever. Although precious metals investors are still recovering from last month’s gut punch, one mining executive noted that the supportive fundamentals in the marketplace remain intact.
Read moreGold, silver see strong losses amid weak long liquidation
(Kitco News) – Gold and silver prices are strongly lower near midday Tuesday, with weak long liquidation from the shorter-term futures traders featured.
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