Gold market analysis for September 12 – 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 price up on safe-haven buying, bullish charts
(Kitco News) – Gold and silver prices are higher in early U.S. trading Friday, with silver pushing to a 14-year high. Safe-haven demand is featured to end the trading week and heading into the weekend.
Read moreGold is the ‘canary in the coal mine’ as Trump policies risk ‘a real financial market crisis’ – AEI’s Lachman
(Kitco News) – Gold and the U.S. Treasury market are both signaling the world’s growing unease with the trump administration’s economic policies, and a full-blown financial crisis will likely occur before a policy pivot, according to Desmond Lachman, Senior Fellow at the American Enterprise Institute.
Read morePlatinum market poised for more price upside
(Kitco News) – Nearby platinum futures in July hit an 11-year high of $1,491.20 an ounce. Prices have since backed off and seen some normal chart cosolidation.
Read moreGold pares overnight losses after downbeat U.S. data
(Kitco News) – Gold prices are weaker but up from daily lows following a surprising rise in weekly U.S. jobless claims and after a slight up-tick in the U.S. consumer price index.
Read moreGold rally indicates ‘something big is happening beneath the surface’ – Morgan Stanley’s Gower
(Kitco News) – Gold is more than just a safe haven, and its price action is telling investors a great deal about the state of the global economy and financial markets, according to Amy Gower, Metals & Mining Commodity Strategist at Morgan Stanley.
Read moreGold shoots into positive territory as headline CPI rises more than expected in August
(Kitco News) – The gold market is trading in positive territory above $3,640 per ounce after U.S. inflation pressures rose more than expected last month.The Consumer Price Index (CPI) rose by 0.4% last month after July’s 0.2% increase, the U.S. Bureau of Labor Statistics announced on Thursday. The inflation data was hotter than expected, as economists were looking for a 0.3% increase.The report noted that headline inflation rose by 2.9% over the last 12 months, in line with economists’ expectations, following the 2.7% reported in July.
Read moreDisappointing US labor market data continues to support higher gold prices
(Kitco News) – The U.S. labor market can’t find any solid footing and is hit with more bad news as the number of American workers applying for first-time benefits rose more than expected last week.
Read moreBitcoin September 11 daily chart alert – Bulls having a good week
(Kitco News) – Thursday, September 11–September bitcoin futures prices are near steady in early U.S. trading Thursday after hitting a two-week high Wednesday.
Read moreECB’s pause in easing cycle has little impact on gold price
(Kitco News)—Gold is not reacting much to the European Central Bank’s decision to leave interest rates unchanged. The precious metal is experiencing broad-based selling pressure from technical profit-taking against major global currencies.
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