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.
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.
Silver is set to outperform gold due to its sensitivity to manufacturing activity as global industrial production picks up, analysts believe. Bank of America analysts see silver reaching $35 per ounce by 2026, up from its current spot price of $28.40.
The gold market has rallied quite hard to the upside in the past week, as we have seen a lot of traders pile into this market. The jobs number shocked the markets, with it missing by quite a bit.
Traders take money off the table after the release of weak U.S. job market data.
The US released a very weak jobs number on Friday, missing the expected number of 175,000 by announcing 114,000 added for the previous month. As a result, money flew into the gold markets.
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.
US Dollar Index (DXY) plummets below 200-day moving average after weak jobs report. Treasury yields drop, fueling gold price rally amid economic concerns.
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.