Gold struggles as Powell’s remarks dampen hopes for September rate cut
(Kitco News) – Gold prices fell to session lows Wednesday after Federal Reserve Chair Jerome Powell reaffirmed that the central bank is in no rush to cut rates, dampening expectations for a September easing.
Read moreCracking the alchemist’s code: fusion energy company looks to turn mercury into gold
(Kitco News) – For thousands of years, alchemists dreamed of turning lead into gold. Now, a San Francisco-based startup says it has achieved a modern version of that dream—using nuclear fusion to transmute mercury into gold.
Read moreGold’s support at $3,300 is hanging by a thread as Federal Reserve maintains its neutral stance
(Kitco News) – The gold market is trying to maintain its grip on support at $3,300 an ounce as the Federal Reserve holds its neutral monetary policy stance, even as it acknowledges slower economic growth.
Read moreGold, silver down after stronger U.S. GDP; FOMC on deck
(Kitco News) – Gold and silver prices are lower near midday Wednesday and hit three-week lows. The precious metals are being pressured by a stronger U.S. economic report that fell into the camp of the U.S. monetary policy hawks.
Read moreGold can’t catch a break even after US pending home sales drops 0.8% in June
(Kitco News) – The U.S. housing market continues to struggle as elevated mortgage rates and higher prices prevent consumers from even starting the home-buying process, according to the latest data from the National Association of Realtors (NAR).
Read moreGold loses ground against loonie as BoC leaves interest rates unchanged
(Kitco News) – The gold market continues to experience increased selling pressure in the broader currency space as central banks appear to be pausing their easing cycles. The Bank of Canada (BoC) is the latest central bank to leave interest rates uncha…
Read moreCan gold prices hold the line as U.S. labor market remains healthy?
(Kitco News) – The U.S. labor market remains relatively robust, as the private sector created significantly more jobs than expected this past month, according to private payrolls processor ADP.
Read moreGold loses its safe-haven allure as U.S. Q2 GDP increases 3%
(Kitco News) – A solid recovery in the U.S. economy in the second quarter is easing recession fears, which is taking its toll on the gold market demand as its role as a safe-haven asset diminishes.
Read moreBitcoin July 30 daily chart alert – Summertime doldrums
(Kitco News) – Wednesday, July 30—August bitcoin futures prices are again near steady amid the summer doldrums at mid-week. Trading has been sideways and choppy at higher levels.
Read moreBitcoin July 30 daily chart alert – Summertime doldrums
(Kitco News) – Wednesday, July 30—August bitcoin futures prices are again near steady amid the summer doldrums at mid-week. Trading has been sideways and choppy at higher levels.
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