Gold edged higher in the early Asian session amid geopolitical tensions in the Middle East, which typically enhance the haven appeal of the precious metal.
Illegal gold mining in Ghana is destroying its environment and hurting its finances. Yet neither of the main political parties have addressed the issue, as millions rely on the sector for work.
More support from Washington, coupled with the rise of Bitcoin ETFs. could make the crypto a legitimate rival to gold.
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.
The gold market has been a bit negative at this point in time, as the market is trying to work off a lot of the massive momentum that had been part of the market for a while. This is a situation where the market is still trying to sort out
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.
@ProsperTradingAcademy's Mike Shorr notes signs of strength in the November jobs report. He doesn't see that same strength in Gold, calling it a "non-trade.
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.
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 holds above $2,607 but faces bearish risks as U.S. jobs data looms. Will key resistance at $2,667 break, or is a drop toward $2,538 next?