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.
The economy remains dependent on the services sector for growth.
The gold market continues to bring in buyers on each and every dip, as it looks like it is going to try to reach the $3,000 level. At this point in time, the markets aren't really looking likely to see any serious shorting.
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.
Profit-taking halts gold's surge after a record high. With key support at $2,546, traders are eyeing Fed rate cuts and geopolitical tensions for the next move.
“In short, market participants seem to agree with this thesis—in a world in which the government decides to keep the economy going via heavy fiscal spending, lower rates / other policy tools are helpful in terms of supporting that spending. As a result, the purchasing power of U.S. dollars has fallen much more than what conventional measures of inflation would suggest,” say strategists at Morgan Stanley led by Mike Wilson.
Gold prices stay bullish above $2,614 as geopolitical risks and Fed rate cuts drive demand. Can resistance at $2,633 hold?
Gold prices continue to skyrocket, closing last week at another record high, as several factors help boost the precious metal which has actually outperformed the blistering stock market in 2024.
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 prices hit record highs after Fed's surprise rate cut. Will inflation reports and geopolitical tensions continue to fuel this safe-haven rally?