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.
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 price drops 3% after U.S.–China tariff deal. Rising dollar and fading safe-haven demand push XAU/USD toward key 50-day moving average support at $3137.
Futures in the precious metal slid as the agreement to lower tariffs increased risk-on sentiment in markets.
The next important macro publication in focus would be the US inflation report on Tuesday, May 13th.
Gold fell in Asian trade, dragged by weakening demand for the safe-haven asset.
Hang Seng rallies 1.61% as China stimulus boosts sentiment; US tariffs and Fed policy remain key risk drivers for Asian markets.
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.
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.
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.
If analyst forecasts are correct, it doesn't appear to be a one-and-done rally for both gold and silver. Both metals saw gains in 2024.