Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
Gold nears $2,700 as Fed rate cut expectations fuel a strong rally. Traders await Powell's remarks and key data for clues on future price movements.
With Fed signals pointing to a possible 50-bps rate cut in November, gold remains strong at $2,660, bolstered by a weaker U.S. dollar and geopolitical tensions.
Asian stock markets see broad gains as China eyes major bank capital injection to drive growth.
Gold climbed to another record high on Wednesday as investors continued to pile into the traditional safe haven, spurred by the start of the Federal Reserve's rate-cutting cycle as well as economic and geopolitical uncertainty.
For investors seeking momentum, Goldman Sachs Physical Gold ETF AAAU is probably on the radar. The fund just hit a 52-week high and is up 45.07% from its 52-week low price of $17.97/share.
Jordan Finneseth is a Crypto Market Reporter for Kitco Crypto. Coming from a background in Psychology and Human Behavior, he began to focus his attention on the cryptocurrency space in early 2017 after noticing the rapid growth of this emerging market.
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.
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
After hitting a new high of 2,671, gold faces resistance near 2,675. A pullback could occur, but the long-term uptrend remains intact with targets above 2,724.