Consolidating near record highs, gold awaits a breakout above 2,532 to confirm its bullish trend and target higher levels in the coming weeks.
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.
Precious metals retreat as U.S. dollar moves away from yearly lows.
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.
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.
The gold market fell hard in the early hours of Wednesday, as the market may have gotten a bit ahead of itself. It also is a situation where the US dollar was oversold, so a strengthening greenback could be the short term culprit in this move.
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 prices dip as the dollar strengthens; traders await key U.S. inflation data that could impact Fed rate cut decisions and gold's future.
Gold's bearish engulfing candle signals a potential drop below $2,500. Key support levels could determine the next move for XAU/USD.
Gold's bullish momentum continues, holding above $2,504, with key targets at $2,543, $2,566, and a triangle target of $2,605.