There is no macroeconomic or geopolitical event driving the pullback in gold prices this week, according to the Swiss bank UBS.
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.
Robin Brooks, senior fellow at the Brookings Institution, sought to explain the flows driving the price of gold
Gold and silver saw their sharpest declines in years as easing tensions and a stronger dollar triggered profit-taking.
Gold and silver pulled back sharply from recent highs amid profit-taking and rising volatility, while the U.S. Dollar Index rebounded within a broader bearish trend ahead of key macroeconomic data.
Jeremy Szafron joins Kitco News as an anchor and producer from Kitco's Vancouver bureau. Jeremy is a seasoned journalist with a diverse background covering entertainment, current affairs and finance.
Gold's latest move feels more like a pit stop than the end of the trip, according to Libertas Wealth Management.
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.
Silver and platinum markets have also suffered strong sell-offs.
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's sharp swings show how strange markets have become according to Nimrit Kang, NorthStar Asset Management Chief Investment Officer. She joined Bloomberg Open Interest to talk about why traditional patterns between assets no longer hold.