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.
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.
The gold market has gapped higher to kick off the trading session on Wednesday, as traders are trying to “front run the Fed” and the announcement later in the day. At this point, the markets are getting a bit out of control, but there is only one direction to trade.
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.
The former head of commodities at Bridgewater says current dollar “freakout is overblown.” Own dollar and gold, he advises.
Gold hits a $5,280 record as a weak dollar and Fed focus drive momentum, while silver defends $111 support and eyes a breakout toward $120.
7.18am: FTSE facing slow start The FTSE 100 is predicted to get off to a slow start on Wednesday, while the price of gold continues to outperform the stock market and reach new heights. On the futures market, the UK equity index has been called five points lower, after yesterday gaining almost 59 points to close at 10,207.80, within touching distance of recent record highs.
Investors have been bullish on mining stocks, led by gold and silver's surges. However, appetite has cooled over the past six months, according to a Citi note that shows 'Buy' ratings have dipped.
Tiffany & Co. will be moving away from the silver jewelry that brought it international fame. LVMH is pushing Tiffany toward gold and high jewelry, where it sees higher demand.
Gold is lower in the early Asian session on likely technical correction and possible profit-taking after gold futures closed at fresh high overnight.