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.
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.
Gold fell in early trade amid dollar strength, which typically makes the precious metal more expensive for holders of non-U.S. dollar currencies.
Gold suffered its biggest monthly drop in nearly 13 years and some central banks have shifted from being buyers to sellers — but that actually proves the precious metal can be more valuable to investors than it's ever been.
Gold reclaims its 50-day MA at $4,676 as thin Good Friday trading follows a steady 65K NFP report. Explore the key technical levels for XAUUSD and XAGUSD here.
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.
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 traders rushed to take profits after the strong rebound from March lows.
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 prices have dropped sharply amid dollar strength tied to the Iran conflict, but mining stocks such as Newmont and Barrick Mining may offer leveraged upside if the metal rebounds.
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.
Near-term consolidation is creating buying opportunities, but silver, platinum and palladium face growing headwinds if oil prices tip the global economy into slower growth Gold is on course to reach record highs this year despite a sharp pullback in recent weeks, according to UBS strategist Joni Teves, who says the conflict in the Middle East is building medium-term upside risks even as short-term volatility keeps many investors on the sidelines. The bank's view on precious metals is unchanged.