A 50-bp Fed rate cut could drive gold above $2,600, but a 25-bp cut may trigger a sell-off. Central bank demand and ETFs keep long-term gold outlook bullish.
As gold prices retreat to $2,576, the focus shifts to key support at $2,560. Will a breakdown lead to further bearish momentum?
After the early work of central banks and high net worth individuals it's time for small investors to drive the gold price higher as they shift funds into gold-backed exchange-traded funds (ETFs) with $2900 an ounce the next milestone.
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.
Demand for gold stays strong ahead of the Fed decision, which will be released on Wednesday.
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.
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.
Comex gold futures have settled at record levels 34 times this year. Declining interest rates are part of the story.
The gold market continues to see a lot of upward pressure overall, despite the fact that we have seen a small pullback in the early hours of the Monday trading session. This is a market that I believe still has a long way to go to the upside.
Gold and silver have initiated the next strong move higher as the gold-silver ratio has peaked at a strong resistance point.
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.