Gold prices hit $2,570 as easing inflation and a weaker U.S. dollar fuel bullish momentum. Will gold break resistance at $2,575 and move toward $2,600?
Fed rate cut speculation lifts markets globally. Hang Seng gains 0.98% while Nikkei struggles, driven by weaker demand for USD/JPY.
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's rally continues, reaching a record high of $2,559 after breaking out of consolidation, with analysis pointing to potential targets including 2,724.
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 prices climbed to a fresh record high on Thursday, with inflation data this week providing support even as some analysts believe bets for a Federal Reserve interest-rate cut next week have been fully priced into the precious metal.
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.
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.
The gold market rallied rather significantly during the trading session on Thursday after the ECB cut rates and it looks very aggressive and dovish at this point, thereby making gold a much more attractive possibility for traders to hold.
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.
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.