Gold, silver hit all-time highs on steady safe-haven demand
(Kitco News) – Gold and silver prices are sharply higher and hit record peaks again today. December gold hit a new all-time high of $4,289.90 an ounce, as of this writing.
Read moreAre stablecoins and digital assets driving the gold rally? – Morgan Stanley CIO Shalett
(Kitco News) – Gold’s unprecedented rally above $4,200 has been attributed to concerns over an AI bubble, inflation hedging, and U.S. dollar debasement, but with market-fear gauges low, growth solid, and inflation expectations still anchored, these factors don’t tell the whole story, according to Lisa Shalett, Chief Investment Officer, at Morgan Stanley Wealth Management.
Read moreTDS gets hit by the silver train as it closes tactical short position for $2.39 million loss
(Kitco News) – The silver market may be significantly overstretched as it continues to trade near all-time highs after surging above $53 an ounce. However, it doesn’t pay to go against the precious metal when momentum is not on your side.
Read moreGold price holding above $4,200 as Philly Fed survey drops to -12.8
(Kitco News) – The gold market has been unable to hold its gains at session highs, even as prices remain solidly above $4,200 an ounce, after the Philadelphia Federal Reserve reported a sharp contraction in its regional manufacturing survey.
Read moreBitcoin October 16 daily chart alert – Bulls work to stabilize prices
(Kitco News) – Thursday, October 16–October bitcoin futures prices are firmer in early U.S. trading Thursday. Bulls are working to stabilize the market after serious near-term technical damage has occurred recently.
Read moreGold market analysis for October 16 – 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 moreStrong price gains for gold, silver as both power to all-time highs
(Kitco News) – Gold and silver prices are sharply higher and hit record peaks overnight. December gold hit a new all-time high of $4,263.40 an ounce, as of this writing. December silver reached a record high of $52.89 an ounce.
Read moreAllocate 20% to gold and silver, and miners offer the most upside – Sprott’s Schoffstall
(Kitco News) – Investors would be wise to consider transitioning from the traditional 60/40 portfolio to a 60/20/20 one which includes a 20% allocation to gold and silver – and mining equities will likely have bigger upside within that 20% than the metals themselves, according to Steven Schoffstall, director of ETF product management at Sprott.
Read moreNo reason to sell gold just yet – Tanglewood CIO Merrill
(Kitco News) – The gold market continues to show robust fundamentals that support prices at record highs near $4,200 an ounce. However, one thing the market is lacking is sellers, as many investors see no urgency to take profits amid this strong momentum.
Read moreEscalating trade tensions with China make rate cuts even more urgent – Fed’s Miran
(Kitco News) – The recent escalation in trade tensions between the United States and China has increased the level of uncertainty in the growth outlook, and this makes it more important for policymakers to quickly lower interest rates, according to Federal Reserve Governor Stephen Miran.
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