Powell dismisses gold’s rally above $5,300, says Fed is not losing credibility
(Kitco News) – The entire world has been captivated by gold’s and silver’s surging momentum as prices hit record high after record high; however, the Federal Reserve Chair is not very impressed with the precious metals’ accomplishments.
Read moreGold’s, silver’s record run signals a crisis of confidence in fiat currencies
(Kitco News) – Gold and silver prices remain firmly supported despite appearing overextended at record highs, as continued weakness in the U.S. dollar reinforces a broader shift in investor sentiment toward hard assets.
Read moreFed votes 10-2 in favor of holding rates unchanged, warns uncertainty ‘remains elevated’ and sees ‘risks to both sides of its dual mandate’
(Kitco News) – The Federal Reserve announced on Wednesday that the Federal Open Market Committee (FOMC) has decided to maintain the target range for the federal funds rate at 3.50% to 3.75%, as expected by the market consensus.“Available indicators suggest that economic activity has been expanding at a solid pace,” the Federal Reserve said in their statement. “Job gains have remained low, and the unemployment rate has shown some signs of stabilization. Inflation remains somewhat elevated.”
Read moreGold soars to all-time high, biggest daily dollar gain ever
(Kitco News) – Gold and silver prices are strongly higher in afternoon trading Wednesday, with gold leading the way this time, powering to an all-time high of $5,360.60, basis April Comex futures, as of this writing, and scoring the largest daily price…
Read moreChina’s net gold imports through Hong Kong fall 24% in December, but premiums and retail demand soars in January
(Kitco News) – China’s net imports of gold via Hong Kong fell by 24% in December compared to the prior month, the Hong Kong Census and Statistics Department announced on Tuesday.Net imports to China from Hong Kong totaled 12.205 tonnes in December, a steep drop from the 16.160 tonnes imported in November.China’s total gold imports via Hong Kong also fell 7.3% to 28.014 tonnes in December, down from 30.220 tonnes in November.
Read moreGold’s push above $5,000 is not a buying frenzy, but reflects structural changes in global markets – Standard Chartered’s Suki Cooper
(Kitco News) – Gold continues to see solid momentum at record highs, with prices now solidly above $5,200 an ounce. According to one market analyst, this investment demand is being driven by more than just speculative frenzy.
Read moreBank of Canada maintains rate at 2.25% as growth stalls in Q4 while trade and geopolitical risks remain high
(Kitco News) – The Bank of Canada (BoC) maintained its key overnight rate at 2.25% on Wednesday, as expected, but warned that the outlook is unpredictable due to U.S. trade policies and geopolitical risks. The bank rate stayed at 2.50% and the deposit …
Read moreGold price powers to record high; FOMC on deck
(Kitco News) – Gold and silver prices are strongly higher, with gold leading the way this time, powering to an all-time high of $5,345.00, basis April Comex futures.
Read moreBitcoin January 28 daily chart alert – Bulls work to stabilize price
(Kitco News) – Wednesday, January 28–February bitcoin futures prices are firmer in early trading Wednesday. The bulls at mid-week are working to stabilize the market after prices Monday hit a five-week low.
Read moreGold market analysis for January 28 – 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.
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