What’s next for gold price? COVID-19 targets U.S., Europe; Fed looks to cut rates to zero
(Kitco News) – Markets fear just how much the COVID-19 outbreak could hurt the U.S. and Europe — the next two regions that will be hit the hardest by the virus.
Gold gets double “haymaker” punches from both U.S. stock market rally, sell off from highs
(Kitco News) – Gold and silver prices are getting hammered at midday Friday, down over $75.00 an ounce in gold as of this writing. As the U.S. stock market fell down from its sharp
Read moreRecession fears weigh on silver, palladium prices – analysts
(Kitco News) – Market volatility and a liquidity crunch among investors can been seen across the precious metals but the sell-off is being acutely felt in metals that also have an industrial component.
Read moreAs gold, silver prices tumble, what the 10-year U.S. Treasury note yield is now signaling to markets
(Kitco News) – While the general marketplace remains roiled at midday Friday—evidenced by U.S. stock indexes that have dropped well down from their sharp.
“Nowhere to hide” as all asset classes selling off Friday, including safe-haven gold
(Kitco News) – Gold prices are again sharply down and hit a 2.5-month low in late-morning trading Friday, as an early, sharp rally in the U.S. stock market has faded fast and most asset classes are seeing selling pressure resurface as of this writing.
Read moreTrump to declare national emergency over coronavirus – Bloomberg, citing sources
WASHINGTON (Reuters) – President Donald Trump will declare a national emergency over the deadly coronavirus, opening the door to providing more federal aid to fight the disease, Bloomberg reported on Friday, citing sources.
Read more‘Confused’ Wall Street split on near-term gold-price direction
(Kitco News) – Some might argue that gold prices have been unpredictable lately, thus maybe it seems fitting that Wall Street analysts are split on price direction for next week, based on the weekly Kitco Gold price survey.
Read moreThree factors supporting the gold price – Blackrock
(Kitco News) – Although the gold market is struggling to find traction as panic and volatility grip financial markets, the world ’s largest asset management firm sees potential for the yellow metal.
FXTM: gold traders eyeing $1,600/oz level on the charts
(Kitco News) – The area around $1,600 an ounce will be a key one on the charts, said Lukman Otunuga, senior research analyst at FXTM. Gold tumbled Thursday alongside a “brutal” sell-off in equities, as investors were forced to raise money to cover margin calls, Otunuga said.
Analysts: palladium having worst week ever; Feb. Chinese car sales tumble
(Kitco News) – Palladium prices were soaring almost daily on strong automotive demand not so long ago, but the market is now digesting some bearish news on car sales tied to the coronavirus outbreak, analysts said.
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