Market Hive

Gold up as crude oil rebounds, inflation worries linger Gold prices are higher in midday U.S. trading Monday, supporting by continued worries about problematic price inflation which will likely get worse before it gets better. A rebound in crude oil prices today also supports the metals markets. June gold futures were last up $13.10 at $1,936.60 and May Comex silver was last down $0.029 at $24.625 an ounce. Global stocks markets were mixed but mostly firmer overnight. The U.S. stock…

Gold price kicks off Q2 with $30 losses, but $2k mark expected to be hit soon – analysts After a stellar first quarter, gold's April trading started on a sour note as prices dropped $30 on the day amid rising yields. But analysts are keeping a close eye on the 2-year and the 10-year Treasury yields and what the inversion means for gold. The main event Friday was not the highly-anticipated employment report but an inversion of the 2-year and…

Nothing beats gold as real money The devastation created by Russia's invasion of Ukraine continues unabated and it is now starting to have significant implications for the global economy. According to some economists, we are witnessing the end of globalization. Lines are being drawn between allies and opponents that won't easily be undone, even if the conflict in Eastern Europe were to end. Gold, it appears, is playing an essential role in this new environment, where currencies and commodities are…

Gold up as traders buy the early dip – U.S. jobs data looms Gold prices are modestly higher in midday U.S. trading Thursday, as the bulls stepped in to buy the early slight dip in prices. Oil prices pushing well up from their daily lows after trading sharply down early on also supported the metals markets. Now, the marketplace awaits what is arguably the most important U.S. data point of the month on Friday morning. April gold futures were last…

Gold price could fall $100 as safe-haven premium weakens but prices won’t collapse – Natixis The gold market could see a $100 drop as its geopolitical safe-haven premium weakens after Russia said it would scale back its war in Ukraine; however, don’t expect to see a collapse in gold or silver as the precious metals have some significant underlying support, according to one precious metals analyst. In a telephone interview with Kitco News, Bernard Dahdah, precious metals analyst at Natixis,…

Gold, silver down but well up from early lows Gold and silver prices are are solidly lower at midday Tuesday, but have moved well up from the sharp losses and five-week lows that were hit in early U.S. trading. The precious metals were pressured by an increase in trader and investor risk appetite. Profit taking and weak long liquidation by the shorter-term futures traders was also featured in gold and silver. Lower crude oil prices and rising bond yields are…

Big drop in oil, rising bond yields sink gold, silver Gold and silver prices are lower in midday U.S. trading Monday, as strong losses in crude oil and rising U.S. bond yields are pressuring the precious metals to start the trading week. Gold and silver market bulls can correctly argue that today’s losses were just routine downside price corrections in existing near-term uptrends. April gold futures were last down $15.90 at $1,938.20 and May Comex silver was last down $0.375…

Can Bitcoin be banned? Kevin O'Leary and Roy Niederhoffer debate regulation and $500 million Bitcoin price target With Russia's invasion of Ukraine and inflation at decade-highs dominating the markets, how do Bitcoin, Ethereum, altcoins, and DeFi stack up? Can they still be banned, and what are some real long-term price targets? In Kitco's power panel, Shark Tank star Kevin O'Leary said that banning Bitcoin and other cryptos was no longer an existential threat. "There's no chance that we're going to…

Gold holds its ground as bond yields hit 2.5% The gold market is ending the week just above $1,950 an ounce, a slightly more than 1% gain from last Friday; however, investors need to look past the raw numbers and the environment that gold is trading in. Gold prices have established a new range above $1,900 as the U.S. dollar index holds near a two-year high. Even more incredible, gold is holding firm in the face of rising bond yields.…