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.
Gold dropped slightly on Thursday, as traders continue to watch the bond markets for clues as to whether or not risk appetite continues to build or drop.
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 to a two-week low on Friday as oil prices pushed back above $100 a barrel after renewed military tension between the US and Iran heightened inflation concerns and reinforced expectations that interest rates may stay higher for longer. Spot gold was down 0.7% at $4,705.09 an ounce, while US gold futures for June delivery slipped 0.6% to $4,705.10.
Gold fell in early Asian trade as the U.S.-Iran cease-fire keeps inflation concerns high.
Gold shows early bearish signals after a wedge breakdown, but strong support confluence and key moving averages may determine whether a deeper correction unfolds.
Gold and crude oil volatility is telling nothing about short-term trends, says David McAlvany. "Noise" surrounding volatility and shorter-term traders in commodities lead to what David considers a headline-driven market.
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.
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.
The gold market rallied early on Wednesday as interest rates in the US continue to drive where we are going. At this point, the markets are moving on the latest headlines from the conflict, and how they are moving bonds.