Gold prices surge as expectations of a Fed rate cut grow, with XAU/USD nearing the key $2,600 resistance. Can the rally continue?
China's soft economic data hits Hang Seng, with tech and property stocks falling. ASX gains as Fed rate cut bets lift banking and gold sectors.
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 as speculation of a super-sized Fed rate cut drives momentum. Will the upcoming Fed decision push gold to $2,600?
Gary S. Wagner has been a technical market analyst for 25 years. A frequent contributor to STOCKS & COMMODITIES Magazine, he has also written for Futures Magazine as well as Barrons.
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.
Anna Golubova is the Producer for Kitco News. With more than ten years of experience in media, she has covered a range of topics, focusing on economy and politics.
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.
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.
Gold rallies toward the 2,594 to 2,605 zone, supported by strong technical patterns. Key support levels and targets indicate potential for further gains in the short term.
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's latest rally to record highs comes ahead of expected Federal Reserve rate cuts. It also could be an “all-weather hedge against whatever happens next.