Strong U.S. dollar did not put pressure on precious metals markets.
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.
The precious metals rally appears to have reached an important juncture. Yesterday I wrote about Silver and a potential inflection point.
The gold market has rallied a bit over the past few hours, as the market continues to see the $2600 level as important. There are a handful of reasons out there that the gold buyers continue to focus on, and this is the continuation of that interest.
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.
Initial Jobless Claims increased to 258,000, raising worries about the situation in the job market.
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 edged higher in early Asian trade. Investors were awaiting the U.S. CPI report due later today.
Treasury yields climb after Fed minutes show disagreement on rate cuts; gold prices drop amid inflation concerns and market caution.
Rising Treasury yields put additional pressure on gold markets.