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 upcoming weeks will be critical for gold as investors seek clarity on the Fed's interest rate decisions and monitor geopolitical developments.
By Imaru Casanova, Portfolio Manager, Gold and Precious Metals Gold surged to a record $2,450 in May, driven by strong central bank buying and Asian demand. Miners outperformed, but gold eased by month's end due to a stronger dollar and higher bond yields.
Gold consolidates at 2,345, facing resistance and potential bearish indicators, with key support levels crucial for maintaining the current uptrend price structure.
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.
Demand for precious metals is rising as traders focus on the pullback in Treasury yields.
Anna Golubova is the Producer for Kitco News. With more than ten years of experience in media, she has covered a range of topics, focusing on economy and politics.
The gold market has rallied a bit this past week, from a crucial support level near the $2300 level. This is an area that traders have been watching time and time again.
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 increased from 3.0% in May to 3.1% in June.
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 gold market continues to see a lot of noise, as the G7 is now threatening Chinese banks that deal with Russian interests. Because of this, the world is waiting for a further escalation of geopolitical tensions.