Gold reached a record high on strong momentum, targeting the next key resistance levels if strength can be sustained.
The U.S. election outcome isn't likely to have a big impact on commodities such as energy, metals and grains in the short run, but oil and natural gas could be influenced in the years to come by who wins the presidency given the differences in the candidates' policies.
Gold prices are at all-time highs and there are reasons they could climb further. But investors should be more wary after the record run.
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.
Dollar strength tested as Fed rate cuts loom, mixed economic data divide markets, and gold prices surge amid election uncertainty.
CB Consumer Confidence increased to 108.7, beating analyst estimates.
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.
Bullish gold outlook persists with possible $2,800 test. Fed's rate cut, steady dollar, and Treasury yields key drivers for potential breakout or pullback.