Traders cautious for now about buying dip in gold prices after huge drop
(Kitco News) – Market participants are being cautious about buying into another huge price dip in gold Monday, as the metal once again tumbled with traders continuing to exit precious metals alongside other markets.
Read moreGold still weak after Empire State index hits lowest level since 2009
(Kitco News) – Gold prices pared losses but remained sharply lower Monday after the New York Fed said the business conditions index in the Empire State survey tumbled 34 points to minus 21.5 in March, the lowest level since 2009. As of 8:37 a.m. EDT, s…
Read moreGold, silver prices collapsing amid markets panic – “sell what you can”
(Kitco News) – Gold and silver prices are trading sharply down in panic market conditions in early U.S. trading Monday.
Read moreBitcoin daily chart alert – Bears pushing price downtrend – Mar. 16
(Kitco News) – Bitcoin-U.S. dollar prices are sharply down and not far from last week’s 12-month low in early U.S. trading Monday. Panicked global markets are sucking liquidity out of most markets, including Bitcoin.
Read moreAnalysts skeptical that emergency Fed measures will calm markets
(Kitco News) – The Federal Reserve has thrown everything but the kitchen sink at financial markets in an attempt to stabilize investor sentiment that continues to be rocked by the spreading coronavirus. However, some economists and analysts are skeptic…
Read moreDouble-digit machinery sales drops at Caterpillar
(Kitco News) – Total sales in the worldwide resource industries space, which covers sales to quarries and miners, were down 7%.
Read moreGold miner shuts head office after COVID-19 test result
(Kitco News) – The individual is in self-quarantine at home, and in stable condition with moderate symptoms.
Read moreGold is the only thing to own after Fed cuts rates to zero – analysts
(Kitco News) -A cacophony of instability has hit financial markets at the start of a new trading week, but with central banks, led by the Federal Reserve, dropping interest rates to zero, analysts now say that the only place investors can turn to is gold.
Read moreThe Fed employs ‘their full bazooka’
(Kitco News) – Mohamed A. El-Eria said the Fed was force to act on Sunday with the Asian markets opening.
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