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.
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.
In this Week in Review video, Why the Price of Gold is Rising, Chief Investment Strategist Fritz Folts and CEO/CIO Steve Cucchiaro discuss: • The factors that have caused the price of gold to increase by over 35% this year. • Why today's market may favor hard assets over bonds for portfolio diversification.
With the Fed likely to cut rates and U.S. data on hold, gold eyes $4000. Breakout above $3897.13 could trigger the next leg of the gold rally.
The gold market continues to see a lot of buying pressures, as we are looking for the market to continue to react to the Federal Reserve cutting rates, central banks buying gold, and of course a lot of geopolitical concerns.
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.
There are not many things in markets you can say with confidence, but here is one: investors have rediscovered their appetite for gold. According to Goldman Sachs, the yellow metal has broken out of its summer trading range and surged 14% since late August, hitting about $3,865 an ounce and clocking a 47% gain so far this year.
ACG Metals Ltd (LSE:ACG, OTC:ACGAF) has agreed new royalty terms at its Gediktepe mine in Turkey as it prepares to switch production from gold to copper. The London-based miner said the amendments, struck with partner EMX Royalty Corporation, would lower costs in the short term and improve cash flow during the transition.
Spot silver prices moved above the $47.50 level as rally continued.
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.
The U.S. federal government shut down one minute into October, bringing with it uncertainty about jobs and the economy.
S&P 500 at 5,700? Bitcoin at $80,000?