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Gold and silver move marginally higher heading into the European open Gold and silver start the week marginally higher. The yellow metal is trading at $1827/oz while silver has moved to $24.77/oz. In the rest of the commodities complex, copper is down -0.31% and spot WTI has dropped -1.07%. Looking at the risk sentiment in the Asia Pac session, the Nikkei 225 (1.81%), ASX (0.07%), and Shanghai Composite (1.24%) all traded well overnight. Futures in Europe are pointing towards a…

Gold has a path to $1,900 if it can break above $1,830 next week, analysts. The gold market is holding near session highs but is seeing little reaction as momentum in the service sector falls relatively in line with expectations. Friday, the Institute for Supply Management (ISM) said its non-manufacturing index showed a reading of 61.7% for August, down from July's reading of 64.1%. According to consensus estimates, economists were forecasting a reading around 61.9%. The gold market is holding…

Gold remains above key and critical short-term support but it is the release of Friday’s jobs report that will shape the future direction of gold Gold pricing has remained fairly stable and continues to trade above $1800 per ounce. The clear break in gold occurred on Friday after Federal Reserve Chairman Jerome Powell spoke at the virtual Economic Symposium. Last Friday’s dynamic surge in gold took the precious yellow metal from its opening price of $1795 top close at approximately…

Mixed PMI's ahead of the U.S. open PMI's in Europe have once again impressed leading into the U.S. market open. The Eurozone number itself came in at 61.4 vs analyst expectations of 61.5 marginally missing out. The report itself said that manufacturing growth slowed to a size month low. It noted, "The euro area manufacturing sector registered another marked expansion during August, latest PMI data showed, although momentum waned once again as the headline index fell to a six-month low.".…

Gold and silver both trade higher leading into the European open Gold and silver have moved higher overnight paring some of the losses that were seen during Monda's session. The yellow metal is back at $1817/oz while silver is trading at $24.15/oz. In the rest of the commodities complex, copper is another 0.15% higher and spot WTI has pushed up 0.11%. Risk sentiment was pretty good overnight as the Nikkei 225 (1.08%), ASX (0.41%) and Shanghai Composite (0.23%) all closed…

Kootenay Silver CEO on price cycles, M&A, and AI in mining Silver is on track to make a comeback after being stuck in a range for so long, said Jim McDonald, CEO of Kootenay Silver, who said that the long-term bull cycle is not yet over. “We’re expecting another breakout to come here in the silver price pretty soon. It’s a very interesting action on the gold market there a few weeks ago, when overnight in the Asian markets it…

Why the fall could finally lift lagging gold miners https://kitco-podcast.simplecast.com/episodes/why-the-fall-could-finally-lift-lagging-gold-miners The gold miners and juniors are trading at significant lows despite the yellow metal pushing through $1,800 this week, noted Greg Johnson, CEO of Metallic Minerals and chair of the Metallic Group. On Friday Johnson recorded Kitco Roundtable podcast with Mining Audiences Manager Michael McCrae and Kitco correspondent Paul Harris. Gold and gold equities were near an all-time high a year ago, noted Johnson. Since then prices have slid with…

Gold and silver move lower ahead of the European open Both gold and silver have moved down in the Aisa Pac session. Gold is trading -0.24% in the red while silver has fallen just over half a percent. Looking at the rest of the commodities complex, copper has dropped -0.68% but spot WTI bucked the trend to trade 0.09% higher. It was a mixed session overnight in the indices as the ASX (-0.54%) and Shanghai Composite (-0.64%) both fell but…

Gold and silver slip ahead of the European open Gold and silver have moved lower heading into the European cash open. The yellow metal is trading -0.38% lower while silver has dropped -0.43%. In the rest of the commodities complex, copper is just above flat while spot WTI has called -0.37%. Risk sentiment overnight was slightly mixed. The ASX (0.33%) and Shanghai Composite (0.60%) traded well but the Nikkei 226 traded just under flat. Futures in Europe are also pointing…

Gold and silver trade flat heading into the European open After a decent session yesterday, in which gold rose 1.36% the yellow metal is flat this morning leading into the European open. Silver is trading 0.09% higher overnight at $23.60/oz but has a resistance level at $23.78/oz to contend with. In the rest of the commodities complex copper (0.10%) and spot WTI (0.77%) are both trading higher. In terms of risk sentiment, indices in the Asia Pac area traded well…