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.
The anticipation of upcoming U.S. rate cuts is likely to drive gold prices higher, potentially leading to new record highs for XAU/USD.
Gold (XAU) climbs to $2,427, boosted by Fed rate cut expectations and a supportive upward channel.
Gold futures climbed closer to fresh record highs on Monday, as the assassination attempt on former President Donald Trump raised political uncertainty, boosting safe-haven demand for the precious metal.
Gold is moving towards the $2450 level.
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.
Gold is moving towards historic highs as traders prepare for the beginning of the rate cut cycle.
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 has shown itself to be strong again in the early hours of Monday, as traders continue to think about the geopolitical issues, and of course the idea that central banks are starting to cut rates.
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.