Gold, silver up as FOMC minutes, U.S. jobs data on deck
(Kitco News) – Gold and silver prices are higher near midday Wednesday but down from their daily highs. Modest safe-haven demand is featured at mid-week, amid a jittery U.S. stock market and ahead of important U.S. economic data that starts with this afternoon’s FOMC minutes.
Read moreIMF’s multimillion-ounce ‘hoard of gold’ could fund debt relief for African countries – G20 report
(Kitco News) – A new G20-commissioned report is proposing that the IMF sell off some of its massive “hoard of gold” at these historically high prices and use the proceeds to help pay off the crippling debt being carried by African countries.The report was presented to South African President Cyril Ramaphosa on Tuesday, who welcomed the proposal ahead of the first G20 summit in Africa, which will bring around 20 heads of state to Johannesburg this coming weekend.
Read moreGold Market Analysis for November 19 – 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 moreBitcoin November 19 daily chart alert—Bears keeping tight technical grip
(Kitco News) – November bitcoin futures prices are weaker in early trading on Wednesday and trading near this week’s contract low.
Read moreSolid price gains in gold, silver on safe-haven buying
(Kitco News) – Gold and silver prices are sharply up in early U.S. trading Wednesday. Safe-haven demand is featured at mid-week, amid a jittery U.S. stock market and ahead of important U.S. economic data. December gold was last up $50.70 at $4,117.10. …
Read moreChina-led central bank gold buying spree could stress global markets – SocGen
(Kitco News) – Robust physical demand for platinum and silver has highlighted the fragility of global supply chains. While the gold market has not seen the same kind of disruption, it may not be immune to similar volatility, according to one investment…
Read moreGold, silver weaker but up from session lows
(Kitco News) – Gold and silver prices are modestly lower near midday Tuesday but well up from their daily lows. Some selling from the chart-based traders is featured as the near-term technical postures for both metals have deteriorated a bit the past f…
Read moreGold, silver weaker but up from session lows
(Kitco News) – Gold and silver prices are modestly lower near midday Tuesday but well up from their daily lows. Some selling from the chart-based traders is featured as the near-term technical postures for both metals have deteriorated a bit the past f…
Read moreChina’s gold market shows unseasonable strength across the board in October, November sees strong start – WGC’s Jia
(Kitco News) – Chinese gold prices topped out in October after making strong gains as wholesale gold demand defied seasonal patterns to rise in both monthly and yearly terms, while Chinese gold ETFs added a significant amount and gold futures volumes surged, according to Ray Jia, research head for China at the World Gold Council (WGC).
Read moreBitcoin November 18 daily chart alert – Chart posture continues to erode
(Kitco News) – Tuesday, November 18–November bitcoin futures prices are lower and hit another contract low in early trading Tuesday. The technical picture is fully bearish and it’s getting worse.
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