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.
The billionaire is spending $800 million to buy a stake in an Alaskan mine.
Asian stock markets rallied on US-China trade relief, Chinese stimulus, and Wall Street gains, with tech and EV stocks driving Hang Seng momentum.
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.