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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…

Gold unfurls all of its sails to capture strong tailwinds from dollar weakness Extreme dollar weakness resulted in strong tailwinds which propelled gold to higher pricing today. As of 5:45 PM EST gold futures basis, the most active February 2022 contract is currently trading up by seven dollars, a gain of 0.38% and fixed at $1825.30. Yesterday’s double-digit gain in gold pricing which opened at $1801.40, traded to a high of $1822.90, and then settled just below yesterday’s high at…

Gold price sees 1% gain as Fed's Powell talks policy normalization, controlling inflation and recession risk The gold market advanced to new daily highs, rising 1% on the day as Federal Reserve Chair Jerome Powell sounded upbeat on the U.S. economy, employment and promised to get inflation under control. "This year, we see an economy where the labor market is recovering rapidly and inflation is well above 2%. This tells us is that the economy no longer needs or wants…

This is the difference between gold price surging above $2k or plunging below $1,600 in 2022 here are many opposing forecasts out there when it comes to gold price action in 2022. But what's the main difference between gold climbing back above $2,000 or dropping below $1,600 an ounce? RBC Capital Markets has outlined two outlooks for gold — the high and the low scenarios. The high one sees gold trading above $2,024 an ounce on average in 2022. And…