Ecclestone breaks down gold correction, dollar erosion, and oversupply risks
(Kitco News) – Gold’s sharp US$400 retreat this month marks a necessary reset after months of exuberance, says Christopher Ecclestone, Principal and Mining Strategist at Hallgarten + Company. Speaking with Kitco Mining’s Digging Deep, Ecclestone said the pullback was consistent with his early-October forecast that precious metals were “looking very toppy.”
Read moreSpecial Report: Gold, silver pare earlier daily losses; expect high volatility again next week
(Kitco News) – Gold and silver prices near midday Friday have clawed back most of their overnight losses following a tame U.S. CPI report that puts the Federal Reserve firmly on track to lower U.S. interest rates by a quarter-point next week.
Read moreGold breaks above $4,130/oz after final Consumer Sentiment drops to 53.6 in OctoberÂ
(Kitco News) – The gold market shot back into positive territory ahead of the weekend after the latest data showed consumer sentiment in the U.S. declining, while longer-term inflation expectations rose higher once again.
Read moreGold market treading water around $4,100 an ounce as S&P flash PMI data shows solid economic activity
(Kitco News) – The U.S. economy remains on solid ground, with activity in both the manufacturing and service sectors continuing to improve, according to the latest data from S&P Global.
Read moreNewmont posts $1.9b in Q3 profit as gold prices surge 41%
(Kitco News) – Higher prices and improved cost management helped drive better-than-expected earnings for the world’s largest gold producer through the summer.
Read moreBitcoin October 24 daily chart alert – Prices stabilize late this week
(Kitco News) – Friday, October 24–October bitcoin futures prices are higher again early Thursday. Bulls have stabilized the market late this week, which is a win for them, heading into the weekend.
Read moreGold spikes above $4,090/oz as September CPI cools more than expected
(Kitco News) – The gold market is paring its earlier losses after U.S. inflation pressures cooled more than expected last month.The headline Consumer Price Index (CPI) rose by 0.3% last month after August’s 0.4% increase, the U.S. Bureau of Labor Statistics announced on Friday. The inflation data was lower than expected, as economists were looking for another 0.4% increase.The report noted that headline inflation rose by 3.0% over the last 12 months, lower than economists’ forecasts for a 3.1% reading, but above the 2.9% reported in August.
Read moreGold market analysis for October 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 moreSolid price pressure on gold, silver; bearish chart patterns form
(Kitco News) – Gold and silver prices are posting strong losses in early U.S. trading Friday, as very high daily price volatility continues, which is not bullish.
Read moreLondon faces 150-million-oz silver shortfall amid COMEX drain – Insider
(Kitco News) – A massive physical drain of silver from COMEX warehouses is accelerating, signaling profound stress in the global delivery system even as a fundamental “structural change” is redefining gold’s role as an asset, former bullion bank executive Bob Gottlieb said Thursday.
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