Gold edged higher in the morning Asian session amid geopolitical tensions that typically enhance the safe-haven allure of the precious metal.
Gold market holds firm as bulls target a breakout and dip buyers track key levels, supported by softer inflation, rising Fed cut expectations, and strong silver demand.
Pinnacle Silver & Gold Corp (TSX-V:PINN, OTCQB:PSGCF) CEO Robert Archer talked with Proactive about the company's first drill program at the El Potrero project in Mexico, a unique initiative starting with underground drilling rather than surface work. Archer explained that the underground access available at El Potrero, due to historic mining that ceased 35 years ago, gives the company immediate access to mineralized zones.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Gold is set to close the week in a tight six-day range topped at $4,375, printing an inside day Friday with low volatility while holding above key dynamic support.
Silver tests historic highs as rally continues.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Gold remains choppy near record highs as traders hesitate at elevated levels, but the broader structure stays bullish above $4,200. A decisive break above $4,400 could open the door toward $4,500 and eventually $5,000.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Gold was steady in the morning Asian session, supported by prospects of Fed rate cuts that typically enhance the appeal of the non-interest-bearing precious metal.
Gold triggered a slightly higher short-term trend high of $4,375 Thursday before backing off sharply, trading in the lower half of the range and below $4,353 while a higher daily low of $4,309 offers the only clear sign of underlying strength.