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 financial alternatives to the dollar may have further room to run, says a JPMorgan team.
Gold faces bearish sentiment as rising U.S. Treasury yields and a strong dollar pressure prices, with support at $2616.25 in focus as rate cut hopes fade.
Strong US labor data pushes gold lower as Fed signals cautious rate stance. Can $2,645 support hold, or will the bearish trend continue?
The forces that are fueling gold's rise—and whether it makes sense to latch on to the rally.
Gold edged higher in early Asian trade in a likely technical recovery.
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 Brazilian state of Pará, which will host the COP30 global climate talks next year in the Amazon, is defending local regulations that encourage illegal gold mining, according to documents in the case before the Supreme Court seen by Reuters.
Rising Treasury yields put additional pressure on gold 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.
Daniel Ghali, a commodities analyst at TD Securities, highlights the growing likelihood of a direct military confrontation between Iran and Israel as a driving factor for the influx of safe-haven investments into gold. Despite the market indicating overbought conditions and dwindling Asian demand, these geopolitical tensions are pushing investors towards the precious metal.