Gold near $4,100: Strong investment demand limits downside risk – Standard Chartered’s Cooper
(Kitco News) – The gold market is once again testing resistance near $4,100 an ounce as investment demand continues to support elevated prices; however, one market strategist says that further volatility in equity markets and cryptocurrencies could pos…
Read moreGold prices restrained by falling Fed rate cut odds, solar industry ‘aggressively’ seeking silver substitutes – Heraeus
(Kitco News) – A reduction in Fed rate cut odds is hurting gold’s price upside, while the solar industry is working hard to find viable substitutes for the gray metal amid stubbornly high prices, according to precious metals analysts at Heraeus.In the latest update, they wrote that the chances of a U.S. rate cut at the December Fed meeting are shrinking.
Read moreBitcoin November 24 daily chart alert – Price downtrend remains firmly in place
(Kitco News) – Monday, November 24–December bitcoin futures prices are down in early trading Monday. Prices last Friday hit a contract low.
Read moreGold market analysis for November 24 – 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 moreLight price pressure on gold, silver in quieter marketplace
(Kitco News) – Gold and silver prices are down just a bit in early U.S. trading Monday, in a quieter start to a U.S.-holiday-shortened trading week.
Read moreRoyal Mint sees record inflows into gold, silver and platinum as investors seek safety
(Kitco News) – Investment demand was the driving force behind gold’s unprecedented rally in the third quarter, which saw prices rally to a record high of over $4,360 an ounce.
Read moreWall Street grows cautious after gold stalls above $4,100, Main Street maintains bullish majority ahead of compressed holiday data calendar
The latest Kitco News Weekly Gold Survey showed the overwhelming majority of Wall Street switching to a bearish or neutral bias, while Main Street investors still maintained a bullish majority.
Read moreWill strong holiday shopping next week push gold prices below $4,000 next week
(Kitco News) – Gold continues to hold solid support above $4,000 an ounce, but downside risks are growing as the price appears unable to sustain gains above initial resistance at $4,100 an ounce.
Read moreFed surrender: markets reverse as BlackRock CLO failure and “fiscal firehose” force early end to QT
(Kitco News) – A sudden market reversal on Thursday exposed deep fissures in the U.S. financial system, as the Federal Reserve signaled an early end to its Quantitative Tightening (QT) program amid signs of a burgeoning credit crisis and a massive new …
Read moreSpot gold at $4,069/oz after final Consumer Sentiment rises to 51, inflation expectations fall
(Kitco News) – The gold market is trading not far from session highs ahead of the weekend after the latest data showed consumer sentiment in the U.S. improving, with inflation expectations ticking lower.
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