US Inflation Eases Slightly; Gold's Gains Resume
American annual inflation in April declined to 3.4% in line with the consensus, but expectations for rates remain similar.
Gold, Silver, Platinum Forecasts – Gold Is Losing Ground On Profit-Taking
Gold traders take some profits off the table near the important $2400 level.
Precious metals prices projected to rise 8% in 2024, with gold leading the charge – World Bank
(Kitco News) – Gold prices will continue to rise, with geopolitics and emerging market demand providing upside risk, while silver and platinum prices will also appreciate but may underwhelm if industrial demand slumps, according to the World Bank's Prospects Group.
Gold backs off on routine profit-taking pressure
(Kitco News) - Gold prices are lower and silver modestly up near midday Thursday. Both precious metals are pausing after recent gains.
Gold near session lows after Philly Fed survey falls to 4.5 in May
(Kitco News) - The gold market is trading near session lows after the Philadelphia Federal Reserve's manufacturing sector survey disappointed market forecasters this month.
Gold market continues to see technical selling pressure as U.S. weekly jobless claims fall to 222K
(Kitco News) - Slack continues to build in the U.S. Labor market as the number of American workers applying for first-time unemployment benefits remains at elevated levels. However, the gold market is seeing little reaction to the latest labor market data.
Gold, silver and platinum's red-hot rally still has further to go, strategists say
Gold, silver and platinum prices have been on a tear so far this year. Strategists say it's not over yet.
Gold Price Forecast – Gold Continues to See $2400 as Trouble
The gold market continues to see the $2400 level as a major barrier to continuing the gains in this market. However, it is most certainly a market that can't be shorted, and at this point, should be a “buy on the dips” scenario.
Gold market analysis for May 16 - 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.
Gold price weaker ahead of another busy U.S. data day
(Kitco News) - Gold prices are slightly lower and silver modestly up in early U.S. trading Thursday. Both precious metals are pausing ahead of another busy day for U.S. economic reports.
