Gold pops to 4-week high on friendlier charts weaker USDX

Gold pops to 4-week high on friendlier charts, weaker USDX Gold prices are moderately up and hit a four-week high in midday U.S. trading Tuesday. The yellow metal was boosted by technical buying, a weaker U.S. dollar index and even by some light safe-haven demand. October gold futures were last up $9.20 at $1,803.60. September Comex silver futures were last down $0.119 at $20.495 an ounce. Traders are awaiting two key U.S. inflation reports that are on deck. Wednesday comes…

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Gold silver boosted by falling USDX US bond yields rising oil

Gold, silver boosted by falling USDX, U.S. bond yields, rising oil Gold and silver prices are higher, with silver sharply up and hitting a five-week high in midday U.S. trading Monday. The precious metals were boosted today by a weaker U.S. dollar index and falling U.S. Treasury bond yields, as well as a rally in the crude oil market today. Some modest safe-haven demand was also featured in gold and silver. October gold futures were last up $12.70 at $1,793.00.…

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Heavy price pressure on gold silver after strong US jobs data

Heavy price pressure on gold, silver after strong U.S. jobs data Gold and silver prices are are solidly lower in early U.S. trading Friday, in the wake of a surprisingly strong U.S. employment report that may force the Federal Reserve to become even more aggressive in its monetary policy tightening. The U.S. dollar index and U.S. Treasury yields jumped on the jobs news, which in turn helped push gold and silver prices down. October gold futures were last down $21.70…

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Gold silver see safe-haven and chart-based buying

Gold, silver see safe-haven and chart-based buying Gold and silver prices are higher in midday U.S. trading Thursday, with gold sharply up and hitting a four-week high–now within easy striking distance of $1,800.00. Safe-haven demand is featured today as China-Taiwan-U.S. tensions have escalated this week. Short covering in the futures markets and some fresh chart-based buying are also featured today, as the near-term technical postures for both metals have improved this week. October gold futures were last up $29.80 at…

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Gold silver pressured at mid-week by higher USDX bond yields lower oil

Gold, silver pressured at mid-week by higher USDX, bond yields, lower oil Gold and silver prices are lower at midday Wednesday. Rising U.S. Treasury yields, a firmer U.S. dollar index and lower crude oil prices at mid-week are squelching buying interest in the precious metals. An up-tick in trader/investor risk appetite today is also bearish for the safe-haven metals. October gold futures were last down $14.50 at $1,765.30. September Comex silver futures were last down $0.234 at $19.905 an ounce.…

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Gold gets slight safe-haven bid as risk aversion up-ticks

Gold gets slight safe-haven bid as risk aversion up-ticks Gold prices are modestly up in midday U.S. trading Tuesday and hit a nearly four-week high earlier, as some safe-haven demand is featured amid keener risk aversion in the marketplace today. October gold futures were last up $4.80 at $1,782.60. September Comex silver futures were last down $0.152 at $20.215 an ounce. U.S.-China tensions are on the rise today as U.S. House Speaker Nancy Pelosi landed in and visited Taiwan Tuesday…

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Gold silver see price gains on more short covering bargain hunting

 Gold, silver see price gains on more short covering, bargain hunting Gold and silver prices are higher in early U.S. trading Monday, with gold notching a three-week high and silver a four-week high. Short covering from futures traders is featured in both metals, with cash market traders also doing some perceived bargain-basement buying after gold prices hit a 15-month low and silver a two-year low in July. October gold futures were last up $7.70 at $1,779.20. September Comex silver futures…

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How long the recession will last and how it will affect gold and silver

How long the recession will last and how it will affect gold and silver With the US Economy probably shrinking for the second consecutive quarter, the United States likely is now in a recession. CPM Group's Jeffrey Christian looks at some of the previous recessions to discuss how long this one may last, CPM Group's Economic Outlook, and what effect this all may have on Gold, Silver, Platinum, and Palladium. By CPM Group Contributing to kitco.com Time to buy Gold…

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Gold prices holding above 1750 as core PCE inflation rises 48 in June

Gold prices holding above $1,750 as core PCE inflation rises 4.8% in June The gold market is holding on to solid gains has inflation pressures continue to rise more than expected. On a monthly basis, the core Personal Consumption Expenditures price index increased 0.6% last month, the U.S. Department of Commerce said on Friday. The inflation data was hotter than expected as consensus forecasts were calling for a 0.5% rise. On an annual basis, core PCE increased 4.8%, up from…

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Silver surges 745 gold gains 207 and precious metals participants rejoice

Silver surges 7.45%, gold gains 2.07%, and precious metals participants rejoice While gold and silver traders are not dancing in the streets, they are quietly rejoicing. Their assumptions, knowledge, and expectations that both gold and silver have been oversold and undervalued were greatly rewarded today. Goods and service prices continue to become more costly and the fact that the Federal Reserve's four consecutive rate hikes have made only a fractional difference in "core" inflation is a strong confirmation that the…

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