The gold market is somewhat bullish in the early part of the session on Thursday; however, it looks like the market is trying to continue to overall consolidation as the volume is still weak at this point.
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.
Benjamin Hoff, global head of commodities research at Societe Generale, says that gold hitting the $3,000/oz mark is 'not a matter of if, but when', despite strength in the US dollar.
Gold prices edged higher in early Asian trade. Despite potential headwinds, gold remains a preferred asset in 2025 portfolio diversification, offering stability in uncertain markets, Axis Securities said.
Gold markets have had a very strong 2024 and I think we're entering a phase where gold very well could start to go sideways for a while.
Gold prices near $2,643, with easing monetary policies driving bullish sentiment. Silver hovers at $29.50, supported by strong central bank demand.
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.
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.