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Market participants pay attention to the upcoming Fed meeting and Ukraine Gold had moderate gains today as market participants await the policy decisions that will be revealed on Wednesday when the Federal Reserve concludes its FOMC meeting, releases its most current policy statement and holds a press conference with Chairman Powell. Also, on the minds of the investment community are the geopolitical uncertainties as tensions grow regarding a buildup of Russian troops on their border with Ukraine. As of 4:05…

Is Fed about to make a mistake? Here's what gold is saying Gold and silver hit two-month highs this week, while the crypto market suffered major losses, with bitcoin plunging below $35,000. To explain all of this, analysts pointed to rising U.S. treasury yields triggered by an aggressive Federal Reserve. Markets are now pricing in four rate hikes and a balance sheet runoff this year. Here's a look at Kitco's top three stories of the week: 3. Gold price rallies…

Gold price next week: a breakout or a sideways trap? All eyes on hawkish Fed and stocks volatility – analysts The gold market surprised with a breakout above $1,830 an ounce this week. And analysts say next week will be pivotal in whether gold breaks out or gets stuck in the sideways price action again. In an unexpected move, the precious metal surged to two-month highs this week, with investors flocking to safe havens as volatility rocked the equity markets…

Gold market finally realizes Fed is completely wrong; $2,000 now on the way David Lin, Anchor at Kitco News discussed gold and inflation with Wyckoff. Wyckoff explained that the reason there was a decoupling between gold and the Consumer Price Index last year was because it was perceived by the marketplace as an occurrence that was not going to be permanent. “The Fed called it transitory, and that’s just not the case. It’s proving not to be transitory. It is…

Gold price rallies $30, silver price surges more than 3% as investors flock to safe-havens Both gold and silver are seeing unexpected rallies, with prices hitting two-month highs. Investors are flocking to safe-haven metals as inflation and geopolitical tensions are triggering increased volatility ahead of the Federal Reserve meeting next week, analysts tell Kitco News. February gold futures were up more than $30 on Wednesday, last trading at $1,842.90 an ounce. In the meantime, March silver futures surged more than…

Gold slightly down Tuesday but silver sharply up, hits 7-week high Gold futures prices are a bit lower in midday U.S. trading Tuesday. The yellow metal sees some price pressure from rising government bond yields and a stronger U.S. dollar index on this day. Meantime, silver hit a seven-week high and the bulls have started a near-term price uptrend in the metal. Some keener risk appetite in the marketplace early this week is supportive for the safe-haven metals. February gold…

Gold holding $1,800 even as hedge funds liquidate bullish bets The gold market is holding the line above $1,800. However, it is still unable to gain any upside momentum as hedge funds pair back their bullish bets, according to the latest data from the Commodity Futures Trading Commission. Although gold prices have been unable to break above critical resistance around $1,830 an ounce, many have noted the precious metal's resilience as real yields have pushed to their highest level in…

Gold price outlook improves as analysts weigh Fed policy mistake, hot inflation data The price outlook for gold is looking better going into the third week of the new year. Analysts are weighing the consequences of a potential monetary policy mistake as the Federal Reserve gets more hawkish amid the latest inflation data. The threat of inflation is finally pushing gold higher as investors expect price pressures to continue climbing. February Comex gold futures were last trading at $1,816.90, up…

Gold has gained value during 4 of the last 5 weeks Gold continues to trade in a range-bound manner, but over the last five weeks, gold prices have gained value during four of those weeks. Although gold has traded lower yesterday and today, ending the week with a moderate gain of 0.6%. For the most part, we have seen gold trade through the eyes of the weekly chart with a succession of higher lows. What has been lacking is a…

Gold is in a good place no matter what the Fed does in 2022 – Axel Merk With gold prices holding above $1,800 an ounce, the metal is building a solid foundation for the new year, and according to one fund manager, the precious metal remains an attractive asset no matter what the Federal Reserve plans to do with monetary policy. In a telephone interview with Kitco News, Axel Merk, president of Merk Investments, said that he expects gold to…