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Gold to test $1,950 as bullish sentiment drives prices
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Sentiment in the gold market remains extremely bullish as the precious metal continues to consolidate in the face […]
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Gold moves higher as investors refocus on inflation and Ukraine
Unquestionably market sentiment oscillates amongst the investment community focusing upon inflationary pressures and Ukraine or on the Federal Reserve’s tightening of their monetary policy. Inflationary pressures and the war in Ukraine create bullish market sentiment for the safe-haven asset class, specifically gold. In contrast, reactions to the Federal Reserve’s monetary policy, which includes […]
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Gold price kicks off Q2 with $30 losses, but $2k mark expected to be hit soon – analysts
(Kitco News) After a stellar first quarter, gold’s April trading started on a sour note as prices dropped $30 on the day amid rising yields. But analysts are keeping a close eye on the 2-year and the 10-year Treasury yields and what the inversion means for gold. The main event Friday […]
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Wall Street turns bearish on gold; sees support at $1,900 as markets focus on ceasefire talks, hawkish Fed
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Potential progress in ceasefire talks between Russia and Ukraine could reduce gold’s safe-haven premium next week, according to […]
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Gold price volatile as key section of US yield curve inverts, Russia promises to de-escalate
(Kitco News) Recession signals were front and center as a key section of the US yield curve inverted and the gold market retreated back to below the $1,920 an ounce level. Markets also digested Russia promising to reduce its attacks on Ukraine and Philadelphia Fed President Patrick Harker stating recession in the US […]
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Gold, silver see corrective price pullbacks after recent gains
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Gold and silver prices are weaker in early US trading Friday, on routine downside price corrections following […]
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Gold, silver sharply up on safe-haven buying, inflation worries
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Gold and silver prices are are sharply higher in midday US trading Thursday, as safe-haven demand is […]
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Gold drifts lower as investors react to Powell’s hawkish speech
As of 4:55 PM, EDT April gold futures are down $8.80, or 0.46% on the day, and are fixed at $1920.90. Spot gold is currently trading $14.50 lower, or 0.75%, at $1921. Today’s decline in the precious yellow metal can be directly attributed to investors reacting to a speech by Chairman Powell. Speaking at […]
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Volatile gold price action is here to stay as safe-haven interest ‘reignited’ – analysts
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Gold could easily make another run at $2,000 an ounce next week as the geopolitical situation is not […]
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Commodity chaos triggers double-digit gains for gold price as war in Ukraine enters fourth week
(Kitco News) Precious metals are back at the top of the leader board, posting double-digit gains as the volatile commodity space keeps investors looking at gold, palladium, silver, and platinum. On Thursday, the commodity space surged as oil prices rose on fears of possible supply shortages due to the Russia-Ukraine conflict. […]
