Gold prices can go lower but now is the time to build a strategic position – Incrementum’ Ronald-Peter Stferle

Gold prices can go lower, but now is the time to build a strategic position – Incrementum' Ronald-Peter Stöferle Now is the time for investors to look at building a strategic position in the gold market, according to one market strategist, as prices are expected to struggle in the near term due to rising bond yields on the short end of the curve. In an interview with Kitco News, Ronald-Peter Stöferle, managing partner and fund manager at Incrementum AG and…

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GoldSilver – Now is the time to dollar cost average

Gold/Silver – Now is the time to dollar cost average It was just seventeen days ago (February 1) when Gold went on a two-day rally looking as though it was going to punch back through $2000/oz (Silver $25/oz), and if you were not already on board, you thought you missed it for good. Since then, Gold and other Precious Metals seem to have hit the "pain train" as economic data continues to support an aggressive Fed policy stance leading to…

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Central banks are replacing dollars with gold

Central banks are replacing dollars with gold   The economy started the year on a strong note, and the gold market is taking a hit. The Federal Reserve might need to raise rates more than expected since inflation is not coming down fast enough. Here's a look at Kitco's top 3 stories of the week: 3. Macro data: Gold price drops below $1,850 as U.S. retail sales surprise on the upside in January 2. Frank Giustra warns that the dollar…

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Gold market cautious as investors spooked by risk of Fed hiking 50 bps in March

Gold market cautious as investors spooked by risk of Fed hiking 50 bps in March Gold is down for the fourth week in a row as markets are worried about how aggressive the Federal Reserve will have to be to bring inflation down to 2%. Markets were hit with stronger-than-expected economic data and stubborn inflation numbers this week. In response, gold struggled, with April Comex gold futures down 1.3% on the week and last at $1,851 an ounce. "Inflation will…

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Gold rallies as bulls brush off hot US inflation report

Gold rallies as bulls brush off hot U.S. inflation report Gold prices are moderately up and silver slightly higher in midday U.S. trading Thursday, in the aftermath of a U.S. inflation report that came in hot. Gold and silver traders may reckon that recent sell offs have already factored into the metals’ prices the fact the Federal Reserve will have to remain hawkish for longer on U.S. monetary policy. April gold was up $6.50 at $1,851.70 and March silver was…

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Hawkish Fed forward guidance pressure gold lower

Hawkish Fed forward guidance pressure gold lower Gold continues to trade under pressure moving to lower prices after yesterday’s CPI report for January indicated that inflation declined to 6.4% year-over-year. January’s CPI report came in lower by 6.4% year-over-year, than the prior month of December. However, analysts were expecting a larger decline with expectations that yesterday’s report would come in between 6.2% and 6.3%. When combined with last week’s unexpected jobs report the collective information will allow the Federal Reserve…

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BLS releases headline CPI inflation report today for January 2023

BLS releases headline CPI inflation report today for January 2023 Traders and investors have been patiently waiting for today’s inflation report to glean information on whether or not the Fed will maintain its current monetary policy or adjust it to a somewhat looser policy. The report came in very close to estimates and did indicate that inflation is continuing to diminish. However, the increase in headline inflation at 0.5% was the biggest month-to-month increase since June 2022. The report indicated…

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Gold silver down on position evening ahead of US CPI

Gold, silver down on position evening ahead of U.S. CPI Gold and silver prices are lower in midday U.S. trading Monday, with silver hitting a 2.5-month low and gold a five-week bottom. The near-term chart postures for both metals have deteriorated recently, which are prompting some technical selling pressure. Also, weak long liquidation in the gold and silver futures markets is likely featured today, ahead of a key U.S. inflation report Tuesday. April gold was last down $10.40 at $1,864.00…

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US fighter jet shoots down UFO over Canada Trudeau says

U.S. fighter jet shoots down UFO over Canada, Trudeau says WASHINGTON/OTTAWA, Feb 11 (Reuters) – A U.S. F-22 fighter jet shot down an unidentified object over Canada on Saturday, the second such shootdown in as many days, as North America appeared on heightened alert following a week-long Chinese spying balloon saga that drew the global spotlight. Canadian Prime Minister Justin Trudeau announced the shootdown on Twitter and said it took place over the Yukon territory in the country's north. He…

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This is the next big catalyst for gold price

This is the next big catalyst for gold price Gold is looking at its third consecutive week of losses after January's rally, which saw its best start to the year in over a decade. And now all eyes shift to next week's U.S. inflation report, with analysts saying it could be the next big catalyst for the precious metal. After surging to $1,975 an ounce last week, April Comex gold futures are now trading at $1,870.70 an ounce, down 5.3%…

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