The Fed can hike, but it won't derail gold's long-term bull market – analysts
The gold market is ending another week in negative territory as investors prepare for the Federal Reserve to raise interest rates next week.
Gold price holds near high after preliminary Consumer Sentiment falls to 47.8, inflation expectations spike
The gold market is trading near session highs after the latest data showed consumer sentiment in the U.S. declining, with inflation expectations shooting higher.The University of Michigan announced on Friday that the preliminary reading of its Consumer Sentiment survey for September was 47.8. The data was far worse than expectations, as the consensus forecast of economists called for a reading of 51, and it was also well below August''s final reading of 51.7.
If these key gold price levels fail, expect accelerated near-term selling – TD Securities
Gold is outperforming other precious metals despite the headwinds of higher energy prices and rising Fed hike expectations, but Commodity Trading Advisors (CTA) and major funds could become sellers if gold breaks key support levels, according to commodity analysts at TD Securities.In a Thursday note, TD Securities' Ryan McKay and Bart Melek wrote that while gold has given up some of its recent gains, it continues to outperform the precious complex in relative terms.
Gold's record prices are reshaping demand as investors replace jewelry buyers - Metals Focus
Investment demand has been a critical pillar of support for gold in recent years and, while the unsustainable rise in global sovereign debt remains a key driver in the precious metal's long-term uptrend, one research firm is warning investors to keep an eye on another pillar that has weakened.
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats As Oil Prices Rally
Hawkish ECB put additional pressure on precious metals markets today.
gold off its lows but largely ignores 2% drop in U.S. existing home sales
The gold market is off its lows but remains under pressure as the U.S. housing market continues to stabilize, with existing-home sales falling to their lowest level since February.
Kalshi launches ‘perps' for gold and silver following CFTC approval, expanding futures offerings
Kalshi has received approval for and launched perpetual futures on precious metals gold and silver, the company told CNBC exclusively. The prediction market platform first received approval to launch perpetuals, or "perps," tied to cryptocurrencies in late May.
Gold falls to session lows as weekly jobless claims holds steady at 206k
The gold market is seeing renewed selling pressure, with prices trading at session lows after data showed a relatively stable labor market, as the number of American workers applying for first-time unemployment benefits held steady for another week.
Gold price down but weathering ECB's 25 basis point rate hike
The gold market appears to be largely shrugging off the European Central Bank's decision to raise interest rates, as selling pressure remains limited against the euro.
Gold Steady Ahead of U.S. Inflation Data
Gold was steady in the early Asian trade, as investors await U.S. PPI and CPI data.
Ron Paul says the people should own the gold, not the government
The Treasury tripled its bond buybacks and yields rose anyway. The man who wrote End the Fed says he still wouldn't trust the accounting at Fort Knox
Investors pour $18 billion into gold ETFs in August as sovereign debt concerns grow - WGC report
Despite renewed threats of an imminent rate hike in September, gold's price action during August shows just how much potential the precious metal has as a hedge against the unsustainable rise in global sovereign debt.
