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.
What's good for energy stocks may be bad for precious metals if the rally in crude means a rise in Treasury yields, which usually means lower gold prices.
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.
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 and gold miners perform best right after investors give up. This “extreme pessimism” is the contrarian tailwind the market has been waiting for.
Gold was steady in early Asian trade amid a likely technical recovery after front-month Comex gold futures fell 2.4% overnight.
Spot gold prices are sharply lower and spot silver prices are also weaker late Monday, as firmer Treasury yields, a stronger U.S. dollar and another oil-price spike pressured metals despite still-elevated geopolitical risk.
Silver and platinum are also moving lower as demand for risk assets declines.
Spot gold prices are lower and spot silver prices are also weaker in early U.S. trading Monday, pressured by a firmer inflation-risk backdrop as crude oil prices rebounded on renewed Persian Gulf tensions. Trading was thinner than usual overnight, with major markets in China, Japan and the U.K. closed for public holidays.
Gold prices drop below $4,560 as bearish momentum builds. Despite geopolitical safe-haven demand, technical indicators signal a potential slide toward $4,500.
Gold edged higher in early Asian trade amid signs of resilience in the precious metal.
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.