The gold market has fallen over the last week or so, but the Thursday session is very positive, as traders are going to continue to see gold through the prism of risk appetite falling in various places, the USD falling, and interest rate movements.
According to the report, slow-to-moderate growth was cited across many industries.
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.
Global gold-backed exchange-traded funds (ETFs) enjoyed another month of net inflows during August, as recovering investor demand in North America and Europe continued.
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.
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.
Gold gains as Fed rate cut speculation grows, with XAU/USD testing $2,500 resistance. Watch for key data this week.
Asian markets mixed: Hang Seng drops, Mainland China rebounds on stimulus hopes; ASX follows US gains.
Gold remains in a tight consolidation between 2,471 and 2,532, with support holding and potential for an eventual bullish breakout targeting 2,605.
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.
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.