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 price outlook turns bullish as traders watch a potential $4192.36 breakout and rising Fed cut odds shape the gold market's next major move.
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 edged higher on expectations of a December rate cut by the Fed.
Gold consolidated Thursday inside Wednesday's range with a narrow day that pushed to $4,169, marking the third touch of a downtrend line at the top of a developing symmetrical triangle.
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.
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.
Platinum gained 1.7% as rally continued.
Italian ruling lawmakers intend to press ahead with a claim that the central bank's $300 billion in gold reserves belong to the state, a senator said on Thursday, despite widespread concern that the move could breach EU rules.
Ariana Resources PLC (AIM:AAU, ASX:AA2) has reported encouraging drilling results from its Kizilcukur prospect in western Türkiye, backing its plan to use the small deposit as an extra source of ore for its producing Kiziltepe gold and silver mine. Through its 23.5% stake in Turkish joint venture Zenit Madencilik, Ariana has just finished a diamond drilling campaign at Kizilcukur, about 22km northeast of Kiziltepe.
Spot gold edged higher. Expectations of a rate cut is rising following dovish comments from policymakers, ANZ said.