Gold bulls buy the dip as U.S. equities sell off
(Kitco News) – Gold and silver prices are higher in midday U.S. trading Tuesday. The gold bulls did some bargain hunting and stepped in to buy the morning dip today.
Read moreCentral banks reported 22 tonnes of net gold purchases in June, 123 tonnes in H1 – WGC
(Kitco News) – Sovereign demand for bullion remained steady in June to wrap up a strong first half of the year, according to the latest central bank gold statistics report from the World Gold Council (WGC).“Central banks reported 22t of net purchases in June via the IMF and other public data sources,” wrote Krishan Gopaul, senior analyst, EMEA at the World Gold Council. “Based on available data, demand saw a modest m/m increase for the third consecutive month.”
Read moreGold price pulls back from high after ISM Services PMI falls to 50.1 in July
(Kitco News) – The U.S. service sector weakened on balance last month with business activity, employment, and price pressures worsening amid tariff worries, according to the latest data from the Institute for Supply Management (ISM).The ISM announced on Tuesday morning that its Services Purchasing Managers Index fell to 50.1 in July, down from June’s reading of 50.8. The data was worse than expected, as economists were looking for a reading of 51.5.
Read moreGold price weaker amid firmer USDX, weaker crude oil
(Kitco News) – Gold prices are lower in early U.S. trading Tuesday, while silver prices are slightly up.
Read moreBitcoin August 5 daily chart alert – Bulls’ grip continues to weaken
(Kitco News) – Tuesday, August 5—August bitcoin futures prices are near steady in quieter early U.S. trading Tuesday. Not much new, chart-wise, early this week.
Read moreGold market analysis for August 5 – 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, and platinum prices test key resistance in the wake of weak U.S. jobs data – FX Empire’s Zernov
(Kitco News) – Gold has moved above $3,370 per ounce despite a stronger U.S. dollar, while silver is attempting to settle above the $37.50 per ounce level, and platinum prices briefly broke above resistance near $1350, according to Vladimir Zernov, market analyst at FX Empire.
Read moreGold, silver see decent gains as markets expect Sept. Fed rate cut
(Kitco News) – Gold and silver prices are higher near midday Monday, supported by notions of lower U.S. interest rates coming in September, following a downbeat U.S. economic report released last Friday that fell squarely into the camp of the monetary …
Read moreCiti raises gold forecast back to $3,500/oz by November on negative U.S. outlook, geopolitical risk
(Kitco News) – Banking giant Citi announced on Monday that it has raised its gold price forecast to $3,500 per ounce over the next three months, up from $3,300 in June. “U.S. growth and tariff-related inflation concerns are set to remain elevated during 2H’25, which alongside a weaker dollar, are set to drive gold moderately higher, to new all-time highs,” the bank’s analysts wrote.
Read moreGold jewelry demand slides, solar demand for silver flattens, diesel demand for platinum collapses – Heraeus
(Kitco News) – While gold, silver, and platinum prices are all moving higher on Monday morning, the latest demand data for all three precious metals show potential weakness on the horizon, according to precious metals analysts at Heraeus.In their latest precious metals update, the analysts wrote that China has followed India in reducing gold jewelry consumption amid persistently high prices.
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