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.
U.S. dollar's rebound, rising Treasury yields, and profit-taking pushed gold below the psychologically important $2500 level.
Gold traded sharply lower on Thursday, with strength in the U.S. dollar contributing to weakness in prices of the precious metal just two days after it marked a fresh record high.
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 price of Gold has been moving steadily higher over the past year, making new all-time highs. It's currently trading over $2500!
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.
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.
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.
The report showed that U.S. business activity growth remained robust in August.
Markets expect Fed rate cuts post-Powell's speech; dollar gains, gold pulls back from highs, euro remains resilient.
The gold market has been bullish for some time now, and on Thursday, we are trying to sort out whether or not we are comfortable with the idea of the market being above the $2500 level.