Spot gold trades near session low after ISM Services PMI rises to 54.4 in December
(Kitco News) – The U.S. service sector strengthened last month with business activity improving and price pressures easing, while employment moved back into expansion, according to the latest data from the Institute for Supply Management (ISM).The ISM announced on Wednesday morning that its Services Purchasing Managers Index rose to 54.4 in December, up from November’s reading of 52.6. The data was better than expected, as economists were looking for a reading of 52.3.
Read moreGold price continues to see some profit taking as ADP says 41k jobs created in December
(Kitco News) – The gold market continues to face technical selling pressure even as the U.S. private-sector labor market struggles, according to the latest employment report from private-payroll processor ADP.
Read moreProfit-taking price pressure on gold, silver
(Kitco News) – Gold and silver prices are lower in early U.S. trading Wednesday, on profit taking from the shorter-term futures traders. Stiff technical resistance at the record highs just above present price levels are also giving the gold and silver …
Read moreBitcoin January 7 daily chart alert – Price rally stalls at mid-week
(Kitco News) – Wednesday, January 7–January bitcoin futures prices are down again in early trading Wednesday, after losses posted on Tuesday. The bulls had regained some technical strength early this week by working on a price uptrend on the daily bar chart but have lost some momentum at mid-week. See the important technical support and resistance lines on the chart. Wyckoff’s Market Rating: 5.0 (out of 10.0, with 1.0 being the most bearish and 10.0 being the most bullish).
Read moreGold market analysis for January 7 – 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 morePower now drives markets: Axel Merk warns post-WWII era is over
(Kitco News) – The post-World War II economic order has effectively collapsed and been replaced by a volatile new era of “state activism,” according to Axel Merk, President of Merk Investments.
Read moreGold’s structural bull market is far from over, says Catalyst Funds CIO
(Kitco News) – Speculative interest continues to be the driving force in the gold market as prices make a move back to last month’s all-time highs near $4,600 an ounce; however, one portfolio manager said that gold’s appeal as an alternative to the U.S. dollar will be the biggest factor for long-term higher prices.
Read moreGold will reach $5,000/oz by Q1 2026 amid broader commodities rally – UBS
(Kitco News) – Central bank buying, growing fiscal deficits, lower U.S. interest rates, and ongoing geopolitical risks will propel gold prices to $5,000 by the end of the first quarter, even as the broader commodities complex rally continues, according to Dominic Schnider, Head of Commodities & APAC Forex CIO at UBS Wealth Management.
Read moreGold and silver enter 2026 as cornerstone assets amid strong demand and volatility risks – Saxo Bank’s Hansen
(Kitco News) – Gold and silver are no longer basic investments seen solely as hedges against inflation; they have transformed into cornerstone assets in the global economy. The yellow metal is now viewed as an important monetary asset and an alternativ…
Read moreGold, silver rally on continued safe-haven buying
(Kitco News) – Gold and silver prices are higher near midday Tuesday, on more safe-haven demand following the weekend U.S. raid in Venezuela that captured its dictator but more importantly has precious metals traders pondering what lies ahead, geopolit…
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