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Gold kicks off the week flat leading into the European session

Gold kicks off the week flat leading into the European session After closing 0.39% higher last week gold kicks of the week flat. Overnight the yellow metal gapped lower to trade at $1767.20 but has since recovered to start the European session at $1786.31/oz. Silver is 0.20% higher at $26.50/oz and had no such problems at the open. In the rest of the commodities complex, copper has moved 1.59% higher and spot WTI hangs high at the lofty level of…

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After the worst June since 2013 is gold price ready to rebound?

After the worst June since 2013, is gold price ready to rebound? After dropping more than 7% in June, gold is trying to rebound. Can the precious metal see $1,800 an ounce breached next week as higher inflation continues to worry industry experts? Here's a look at Kitco's top three stories of the week:   !. Gold saw its worst June since 2013   2. Is recession next? El-Erian is concerned the 'Fed is falling behind' on inflation story  …

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Gold price has a chance to break out next week here’s why analysts

Gold price has a chance to break out next week, here's why – analysts Gold could see a significant rally above the $1,800 an ounce level next week after the release of the Federal Reserve's June monetary policy meeting minutes, analysts told Kitco News. One of the biggest events to watch next week will be the Federal Reserve's monetary policy meeting minutes. The meeting, which took place in mid-June, triggered a significant selloff in gold. "Markets are expecting a hawkish…

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The last trading day of the first half of 2021 concludes and gold incurs losses

The last trading day of the first half of 2021 concludes, and gold incurs losses Now that the last trading day has concluded for the second quarter or first half of 2021, it is clear that gold had a difficult time incurring lower pricing over the last six months. Gold futures opened at $1954 on the first trading day in January and closed today at $1770.60, suffering a drawdown of $184. That means that gold lost 9.416% in value over…

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