kinedid money system

News Bites The US and China are on ‘brink of war’ as gold touches record highs and banking sector troubles intensify

News Bites The U.S. and China are on 'brink of war' as gold touches record highs and banking sector troubles intensify Gold's price action was defined by major volatility this week. Gold Comex futures tested record highs as the banking sector troubles intensified. Markets also dissected Federal Reserve Chair Jerome Powell's messaging, while Friday's stronger-than-expected U.S. employment report weighed on gold. Here's a look at Kitco's top three stories of the week: 3. Comex gold prices test record highs and…

Read More

Gold silver up after traders buy the early price dips

Gold, silver up after traders buy the early price dips Gold and silver prices are firmer in midday U.S. trading Tuesday, as traders stepped in to do some perceived bargain hunting on early-session price pullbacks. Trading action is more subdued just ahead of this week’s monetary policy decisions by major central banks. February gold was last up $7.10 at $1,930.00 and March silver was up $0.057 at $23.795. The U.S. data point of the week is the Federal Reserve Open…

Read More

Gold price sinks on strong greenback rising US Treasury yield

Gold price sinks on strong greenback, rising U.S. Treasury yield Gold and silver prices are down in midday U.S. trading Wednesday. The precious metals are being punished by a strong U.S. dollar index and rising U.S. Treasury yields. These two bearish elements continue to supersede any other potentially bullish factors for the metals. December gold hit a three-week low today and was last down $19.40 at $1,636.60 and December silver was down $0.235 at $18.365. U.S. stock indexes are mixed…

Read More