Gold prices fall 0.23% last week as mixed U.S. data fails to justify an aggressive Fed rate cut. Will inflation data next week spark a rebound?
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.
Gold tests resistance near the 2,532 high, consolidating within a 14-day range. A breakout above this level could signal continued upside momentum.
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.
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.
Traders are worried about the slowdown of the global economy.
The gold market continues to see a lot of noisy behavior overall, and at this point in time, the market is likely to test the overall highs again, and perhaps even break above it. This is a market that is very bullish in general.
Reading gold's September tea leaves
U.S. dollar rebounds after mixed jobs data, but concerns over a slowing economy and potential Fed rate cuts keep traders cautious. Can the dollar hold steady?
The gold market continues to see a lot of upward pressure, as the market looks at multiple reasons for it to continue going higher at this point in time. This is a market that will continue to see a lot of volatility, but more upward pressure will overtake things in