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 lower in the early Asian session as traders assessed mixed signals from Treasury Secretary Bessent on Monday
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.
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.
Gold prices retreat as dollar strength and easing trade tensions weigh on demand, with key support at $3228.38 to $3164.23 now critical for the gold market outlook.
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.
Investors wondering if the last few months are a fluke—the result of panicked traders flocking to a safe haven amid tariff fears and other concerns—should take a longer view of gold. The spike in the price of the metal has been unfolding more or less continuously for over a year, since early 2024.
Gold miners may have already had a good run this year, but JPMorgan reckons the best could still be ahead - if the rally in the precious metal keeps gathering pace. The bank said on Monday it sees 60–90% upside in shares of Europe, Middle East and Africa (EMEA) gold miners if gold prices climb towards $4,000 an ounce, a target its commodities team expects by the second quarter of 2026.
Gold finds support at $3,260, while silver continues to show strength above $30 and prepares for the next rally.
Gold fell in the early morning Asian session amid dollar strength.