Gold 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.
Read moreMore 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.
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