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.
The pause in Chinese gold purchases triggered a sell-off, but potential weak U.S. economic data and subsequent rate cuts could support XAU/USD prices.
Gold prices may not experience a near-term rally if the jobs report exceeds expectations, reducing chances of a September rate cut.
Gold prices hit $2,376, supported by expectations of Federal Reserve rate cuts ahead of crucial U.S. Nonfarm Payrolls data.
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.
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.
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's rally above 2,364 signals a bullish reversal, aiming for 2,487, with the 20-Day MA now serving as crucial support during pullbacks.
ECB's rate cut provided significant support to precious metals markets.
The gold market rose a bit in the early hours on Thursday, as the markets continue to look around the world at a lot of danger. Furthermore, there is a lot of longer-term momentum in this market that will influence decisions.
Global gold-backed exchange-traded funds (ETFs) reported positive monthly flows for the first time in a year in May, according to the World Gold Council (WGC).