Phoenix Copper hits early signs of gold from Navarre drilling
Phoenix Copper Ltd (AIM:PXC, OTCQX:PXCLF) has reported good gold indications from exploratory drilling on its huge acreage at Navarre Creek in Idaho. Four areas were targeted with intercepts at two said to be “of significance”.
This Wall Street Pro Likes Large-Cap Tech, Small-Caps, Industrials, and Gold
UBS' Solita Marcelli sees an AI boom ahead, driving U.S. stocks higher.
Gold Price Forecast: Falls Further After Record High, Eyes Key Support Levels
Gold's decline from its peak of 2,450 brings it near vital support zones, including the 20-Day MA at 2,348.
Gold prices remain under pressure as Fed sees possible rate hikes if inflation picks up
(Kitco News) - Although U.S. monetary policy has become a secondary factor in the gold market, persistent inflation could create some further selling pressure as it could force the Federal Reserve to raise interest rates again, according to the minutes from the Apri/May Federal Open Market Committee meeting.
Gold, Silver, Platinum Forecasts – Gold Dives Below $2400 On Profit-Taking
Silver and platinum have also found themselves under significant pressure.
Gold, silver sink on profit taking, weak long liquidation
(Kitco News) - Gold and silver prices are sharply lower in midday U.S. trading Wednesday, on corrective pullbacks and profit taking following recent solid gains. Weak-handed longs in the gold and silver futures markets are also being forced to liquidate their recently established positions.
Signs that a global gold standard is gaining traction – Steve Forbes
(Kitco News) – There are multiple indications that the world is progressing towards a transition to a new gold standard, according to Steve Forbes, Chairman and Editor-in-Chief of Forbes Media.
Gold struggling at $2,400 an ounce as U.S. existing home sales fall 1.9% in April
(Kitco News) -The gold market continues to see solid technical selling pressure with prices struggling to hold support at $2,400 an ounce. The market has been unable to attract any new buying momentum even as U.S. consumers largely stay away from the housing market.
Important Gold Price Ratio Is Breaking Out!
2024 has been filled with headlines about stock market highs and stocks such as Nvidia. But one major asset and commodity that is making an historic rally is Gold.
Gold Price Forecast – Gold Continues to Look For Higher Pricing
The gold market has been somewhat steady over the last several sessions, as we continue to validate the idea of the $2400 level offering support going forward.
Modest price pressure on gold, silver, amid bearish outside mkts
(Kitco News) - Gold and silver prices are weaker again in early U.S. trading Wednesday, on routine corrective pullbacks and some profit taking following recent solid gains that saw gold hit a record high of $2,454.20 an ounce, basis June Comex futures on Monday, and silver hit an 11-year high of $32.75 an ounce, basis July Comex futures. Bearish daily “outside market” forces are also squelching the precious metals market bulls at mid-week.
Gold market analysis for May 22 - key intra-day price entry levels for active traders
(Kitco News) - This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher. Based on key short-term technical support and resistance levels, I show potential buy and sell price entry points.
