Coronavirus to pop bubble greater than 2008; gold prices have “nowhere to go but up”
(Kitco News) – Coronavirus to pop bubble greater than 2008; gold prices have “nowhere to go but up”
Read moreMarkets across the board caught in free fall, even precious metals
(Kitco News) – Precious metals are sharply lower across the board Thursday along with equities, bitcoin and a slew of other commodities, with traders “throwing the baby out with the bathwater” in an effort to raise cash, traders and analysts said.
U.S. stocks sharply lower as trading resumes after ‘circuit-breaker’ halt
(Kitco News) – U.S. equities are sharply lower on continuing fears about the economic fallout from the coronavirus outbreak, with the market reopening after a 15-minute “circuit-breaker” halt triggered when the major indexes went into a nosedive in the…
Read moreGold plummets below $1,600 as US stock indexes lock limit down; liquidity worries
(Kitco News) – Gold prices are sharply lower and have fallen below psychological support at $1,600, falling victim to the old trading adage, “when you can’t sell what you want, you sell what you can.”
Circuit breaker halts trading in S&P
(Kitco News) – Trading on the New York Stock Exchange has been halted temporarily for the second time in a week after the S&P fell 7%, according to news reports.
Standard Chartered: gold in tug-of-war now but seen averaging $1,725 in 2Q
(Kitco News) – Gold prices are caught in a tug-of-war between acting as a safe haven and meeting liquidity needs. Still, expectations for further loosening of global monetary policy are likely to underpin the metal in the longer term, said Standard Cha…
Read moreFXTM: ‘feels like we are living in a science-fiction movie’
(Kitco News) – Global equities remain in a free fall, with market participants feeling like they are caught in a “science-fiction movie,” said Hussein Sayed, chief market strategist at FXTM.
Gold prices holding support above $1,600 as ECB announces targeted measures to support economy weakened by coronavirus
(Kitco News) – The market remain under pressure but prices are holding support above 1,600 an ounce as the European Central Bank left interest rates unchanged but announced measures to support the European economy impacted by the spread of the coronavi…
Read moreGold prices under pressure and finding little support from drop in U.S. PPI Inflation data
(Kitco News) – Gold prices are under pressure and losing further ground following significantly weaker than expected inflation is having little impact on the precious metal.
Read moreGold extends loss after U.S. jobless claims fall 4,000 to 211,000
(Kitco News) – Gold extended early losses after Labor Department data Thursday showed that initial weekly U.S. jobless claims fell by 4,000 to a seasonally adjusted 211,000 in the week to Saturday. Spot gold was last down $23.40 to $1,611.40 an ounce.
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