US retail sales report could spark inflation fears, strengthening the US dollar and delaying Fed rate cuts. Find out how this impacts gold and equities now.
Gold surged to $2,688.84, driven by Fed rate cuts and election concerns. Analysts predict potential gains toward $3,000 as safe-haven demand grows.
Gold was steady in the early Asian trade ahead of key U.S. economic data due later today.
Gold continues its bull flag breakout, testing key resistance levels. A rally above today's high could lead to new record highs, with an eventual target of 2,815.
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.
Many investors have missed the rally and may want to boost their exposure to gold.
Gold is moving higher amid rising demand for precious metals.
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.
As the November presidential election approaches, the economy shows complex and sometimes contradictory signals. While the job market continues to show signs of moderation, several major companies have announced new layoffs, with some citing the impact of AI.
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.
The gold market continues to see a lot of upward pressure, as the market is trying to break to a fresh, new, high. At this point, the market is one that you have to be looking at dips as value, and an opportunity to get long again.