Powell’s comments more important than Fed’s rate decision, watch the DXY – FXTM
(Kitco News) – The market will be paying closer attention to the Federal Reserve Chair Jerome Powell’s press conference than the actual rate announcement this afternoon, according to FXTM.
Better-than-expected U.S. GDP data drags gold prices down
(Kitco News) – Gold prices fell in reaction to better-than-expected U.S. gross domestic product data reported by the U.S. Commerce Department early Wednesday.
Read moreGold prices tick down as ADP reports 125K private sector jobs were added in October
(Kitco News) – Gold edged down but remained in positive territory after private-payrolls processor ADP reported slightly higher-than-expected job numbers for October.
Read moreGold prices give up some overnight gains on strong U.S. data; FOMC decision on deck
(Kitco News) – Gold and silver prices are moderately up in early U.S. trading Wednesday. The U.S. economic data pace picks up dramatically starting today and for the rest of this week, which will produce bigger price moves in the metals markets.
Read moreBitcoin daily chart alert – Bullish chart pattern develops this week – Oct. 30
(Kitco News) – Bitcoin-U.S. dollar prices are weaker in early U.S. trading Wednesday, on some chart consolidation following recent solid gains.
Read moreHow eleven gold miners are going green
(Kitco News) – Miners run energy-intensive operations, but many are taking steps to move to less reliance on fossil fuels.
Read moreWesdome Gold finds ‘good continuity’, stock climbs
(Kitco News) – Wesdome is up 11% over the past five days to $7.11 a share as of 4:40 p.m. today.
Read moreBitcoin could collapse or hit record highs with this 2020 event risk
(Kitco News) – Bitcoin prices could either collapse or hit new all-time highs after the next bitcoin halving, scheduled for May of next year, according to one fintech CEO.
Read morePrivate coal miner with 7,000 workers files for bankruptcy
(Kitco News) – The coal company is another victim of cheap natural gas and energy utilities turning away from coal. Murray Energy has 7,000 employees and 17 active coal mines. It has operations in Alabama, Illinois, Kentucky, Ohio, Utah, and West Virgi…
Read moreWhy this time, the gold bull rally is here to stay, says Auryn executive chairman
(Kitco News) – Investors shouldn’t pay attention to short-term volatility. Instead, they should keep their eye on the long-term uptrend for gold and silver says one mining CEO.