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.
Jeremy Szafron joins Kitco News as an anchor and producer from Kitco's Vancouver bureau. Jeremy is a seasoned journalist with a diverse background covering entertainment, current affairs and finance.
Given the Fed's hawkish outlook and the potential for further rate hikes, gold prices are likely to remain under pressure in the short term.
A look at the day ahead in U.S. and global markets from Mike Dolan
Gold (XAU) gains support near $2,330 as geopolitical tensions rise, hinting at a potential bullish reversal in today's trading.
Gold falls below multiple support levels to 2,332, indicating a potential bearish reversal and increasing risk of a deeper correction.
(Kitco News) – China remains firmly in control of price action in the global gold market, and the latest data indicates that this is likely to continue, while Western investors will likely join the precious metals party soon, according to the latest analysis by Gainesville Coins' Jan Nieuwenhuijs published on Wednesday.
This year, gold has proven a better investment than stocks, bonds or real estate
Gold and silver are under strong pressure amid profit-taking.
(Kitco News) - After hitting record highs above $2,450, the gold market is again struggling as hawkish sentiment from the Federal Reserve spooks markets; however, according to one market analyst, gold's rally is far from over.
Gold and silver traded sharply lower Thursday, extending losses into a third straight session a day after minutes from the Federal Reserve showed that some policymakers were willing to raise interest rates if needed to fight inflation.
(Kitco News) - Minera Alamos will see a big step up in production over the next handful of years, said Doug Ramshaw, the company's director and president.