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.
Gold traders buy the dip ahead of the Fed decision, which will be released next week.
Gold futures traded sharply higher on Friday, but looked to tally a second weekly loss in a row as the precious metal got caught up in the broad drop in risk assets after climbing last week to fresh record-high prices.
The gold market has been a bit noisy over the last few days, as the weekly charts show that perhaps we are trying to find out whether or not there is any real momentum underneath.
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.
Long-run inflation expectations remain unchanged at 3.0%.
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 gold market bounced a bit in the early hours of Friday, as the 50-Day EMA has offered a bit of a reprieve from the massive selling over the last few weeks. The market will still have plenty of buyers, and from the longer term perspective, we simply tested the
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.
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.
Gold prices down 4.5% from recent peak after strong U.S. growth data. PCE report could further impact prices.