Silver struggles above $80 as index rebalancing sparks near-term volatility
(Kitco News) – Silver prices have been unable to hold gains above $80 an ounce, and while the precious metal continues to remain well supported in the long term, more banks are warning investors of potential near-term volatility.
Read moreGold mining output to peak in 2027 with gradual plateau rather than sharp drop – World Gold Council
(Kitco News) – Global gold output is likely nearing its peak, with gold mining production gradually plateauing over the next two years, according to a new report from the World Gold Council.
Read moreGold, silver down; bearish chart pattern in silver spooks bulls
(Kitco News) – Gold and silver prices are lower near midday U.S. trading Wednesday, on profit taking from the shorter-term futures traders. Stiff technical resistance at the record highs just above present price levels are also giving the gold and silv…
Read moreIt’s not a good day for the U.S. labor market, but gold can’t catch a bid
(Kitco News) – The gold market continues to struggle, even as the U.S. labor market weakens, with the number of job openings falling more than expected last month.
Read moreSpot gold trades near session low after ISM Services PMI rises to 54.4 in December
(Kitco News) – The U.S. service sector strengthened last month with business activity improving and price pressures easing, while employment moved back into expansion, according to the latest data from the Institute for Supply Management (ISM).The ISM announced on Wednesday morning that its Services Purchasing Managers Index rose to 54.4 in December, up from November’s reading of 52.6. The data was better than expected, as economists were looking for a reading of 52.3.
Read moreGold price continues to see some profit taking as ADP says 41k jobs created in December
(Kitco News) – The gold market continues to face technical selling pressure even as the U.S. private-sector labor market struggles, according to the latest employment report from private-payroll processor ADP.
Read moreProfit-taking price pressure on gold, silver
(Kitco News) – Gold and silver prices are lower in early U.S. trading Wednesday, on profit taking from the shorter-term futures traders. Stiff technical resistance at the record highs just above present price levels are also giving the gold and silver …
Read moreBitcoin January 7 daily chart alert – Price rally stalls at mid-week
(Kitco News) – Wednesday, January 7–January bitcoin futures prices are down again in early trading Wednesday, after losses posted on Tuesday. The bulls had regained some technical strength early this week by working on a price uptrend on the daily bar chart but have lost some momentum at mid-week. See the important technical support and resistance lines on the chart. Wyckoff’s Market Rating: 5.0 (out of 10.0, with 1.0 being the most bearish and 10.0 being the most bullish).
Read moreGold market analysis for January 7 – 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 morePower now drives markets: Axel Merk warns post-WWII era is over
(Kitco News) – The post-World War II economic order has effectively collapsed and been replaced by a volatile new era of “state activism,” according to Axel Merk, President of Merk Investments.
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