Gold has badly outperformed equities this year, and holing the precious yellow metal in a tax-deferred retirement account has become more appealing.
Gold markets are moving lower as traders focus on the rally in Treasury yields.
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.
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.
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.
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.
XAU/USD slips below key levels as Fed dampens rate cut hopes. Despite sell-off, gold price forecast stays bullish above 50-day moving average.
Gold slipped in the early Asian session on likely unwinding by market participants of their long positions to raise cash.
Gold slipped on profit-taking, yet macro support remains strong. CPI and Fed minutes could determine if traders are still ready to buy the dip.
Hang Seng Index extends losses, tech giants sink; Trump's tariff shockwaves rattle Asian markets and spur investor risk aversion.
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.