Gold's been on a sensational run, but the one thing it can't be described as is an inflation hedge.
Gold edged higher in the early morning Asian session amid the ongoing Middle East conflict.
Gold did exactly what it was supposed to after the Iran strike. Is the spike temporary or a new era for the safe-haven trade?
In the wake of the U.S.-Israel attack on Iran and the broader conflict that is now escalating across the Middle East region, oil and gas prices are skyrocketing on Monday along with precious metals like gold and silver.
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.
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.
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.
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.
Market participants welcome a busy data slate this week. While the geopolitical situation is front and centre, the macro focus will be on US jobs data.
Gold and silver climbed as military strikes by the U.S. and Israel against Iran spurred safe-haven demand. “Gold remains the clearest barometer of investor fear,” eToro said.
Investors should assess the Middle East conflict carefully before reacting, Matt Gertken writes in a guest commentary.
Pinnacle Silver & Gold Corp (TSX-V:PINN, OTCQB:PSGCF, FRA:P9J) earlier this week provided an operational update as the company advances its El Potrero silver-gold project toward a potential production decision later this year. In an interview with Proactive, CEO Robert Archer said the update coincides with the one-year anniversary of the company acquiring the asset.