Gold market analysis for July 25 – 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 lower amid higher greenback less risk aversion
(Kitco News) – Gold and silver prices are down in early U.S. trading Friday, on more profit-taking from the shorter-term futures traders.
Read moreNewmont reports record free cash flow in Q2 despite lower production
(Kitco News) – Despite a year-over-year decline in gold output, Newmont Corporation—the world’s largest gold producer—reported record quarterly free cash flow in the second quarter, fueled by significantly higher gold prices and disciplined cost control.
Read moreDigital assets draft ‘a monumental step’ for the U.S. industry, Clarity Act ‘a modern-day Glass-Steagall for crypto’ – Executives
(Kitco News) – The U.S. Senate Banking Committee announced the release of a draft structure for U.S. digital asset market legislation on Wednesday, and crypto industry executives are hailing it as a major step forward for the American cryptocurrency ecosystem.The discussion draft builds on the CLARITY Act, which passed the House of Representatives last week with strong bipartisan support.
Read moreSilver still has potential for a sharper upside through year-end – Sprott’s Smirnova
(Kitco News) – Silver is struggling to hold its ground at $39 an ounce, but after seven years of supply deficits, the precious metal remains in a solid uptrend, according to one market strategist.
Read moreGold, silver weaker on profit taking, less risk aversion
(Kitco News) – Gold and silver prices are lower near midday Thursday but gold is off its session low. Profit-taking from the shorter-term futures traders is seen in both metals, while weak long liquidation
Read moreGold prices continue to struggle as US new home sales rose 0.6% in June
(Kitco News) – The gold market remains unable to attract any new safe-haven momentum even as the U.S. housing sector continues to struggle, as fewer consumers buy new homes.
Read moreSpot gold trades at $3,366/oz as U.S. flash S&P PMI shows strength in services, contraction in manufacturing
(Kitco News) – The gold market is holding above its earlier lows after the latest U.S. data showed growing momentum in the service sector but further weakening in manufacturing.S&P Global reported on Thursday that its flash Purchasing Managers Index (PMI) for the service sector rose to 55.2 in July, up from June’s reading of 52.9. Activity in the service sector was above expectations, as economists had forecasted a reading of 53.
Read moreGold prices rise off session lows after U.S. weekly jobless claims drop to 217k
(Kitco News) – Gold prices rose from session lows following the release of better-than-expected labor market data after the number of Americans filing new claims for unemployment benefits was below economists’ forecasts.
Read moreGold sees weak price action against euro as ECB leaves interest rates unchanged
(Kitco News) – The gold market continues to consolidate within the broader global currency landscape, as it has been unable to hold gains above key resistance levels against both the euro and the U.S. dollar.
Read more