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.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
This is a developing story. Check back for updates.
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 and silver are expected to perform one essential function: to remain steady when other assets begin to falter. That's the prevailing belief.
Panmure Liberum's Joachim Klement says last week's Microsoft jolt triggered a contagion effect across trendy assets.
Gold rebounds near $4,850 as the dollar pauses, while silver stabilizes near $85. Traders watch key support zones for signs of a broader metals recovery.
Gold and silver prices clawed back ground on Tuesday after suffering a historic selloff. Investor intentions in precious metals have not likely changed for the worse as of yet, said Deutsche Bank.
Gold advanced in early Asian trade on a likely technical recovery and dip-buying interest following its recent slump.
Wall Street is still forecasting gains for metals despite the sharp selloff.