David

Retail investors look to gold and silver for best results in 2022, Wall Street points to silver and platinum After a disappointing year for gold and silver, Main Street is looking for the bearish tide to turn in 2022, picking the two metals as the top performers in the new year, according to Kitco's online survey. Gold ended the year down 3.6%, posting its biggest annual decline since 2015. Silver wrapped up 2021 with a drop of 11.5%, which was…

Is hawkish sentiment about to peak? Here's what is next for gold price after this week's Fed-related selloff After shedding more than $35 this week in response to a more aggressive Federal Reserve meeting minutes, the hawkish sentiment might be at its peak, according to analysts. And that is a positive signal that gold bulls are keeping a close eye on. The big news that shook the gold market this week was the Fed's December meeting minutes, which indicated that…

Gold and silver struggles continue Today is jobs Friday. Equities and metals have been under pressure all week. The FED continues to be unable to recognize the problems they created. The question here is, what has the market priced into this job's number? Based on recent price action, which has reversed our Gold and Silver positions to short, pushed the 10-year notes to 1.73%, and looks to be reversing the trend in equities, we can only assume a strong number…

Gold, silver sell off on bearish reaction to hawkish Fed Gold and silver futures prices are sharply lower in midday U.S. trading Thursday. The metals are reeling after a surprisingly hawkish report from the Federal Reserve Wednesday afternoon. February gold futures were last down $36.50 at $1,788.50 and March Comex silver was last down $1.05 at $22.11 an ounce. The Federal Reserve's FOMC minutes that were released Wednesday afternoon indicated a "very tight" U.S. job market and rising inflation might…

Gold price loses gains as Fed minutes signal faster rate hikes, balance sheet reduction he price of gold edged down after the release of the December Federal Reserve meeting minutes signaled a possibility of earlier and faster rate hikes. Federal Reserve officials noted that a tight labor market and high inflation in the U.S. might require faster rate hikes and a reduction in the central banks’ overall asset holdings, according to the meeting minutes released on Wednesday. “Participants generally noted…

Gold finds support at $1798 and moves higher as Omicron variant surges A tremendous spike of Covid-19 infections in the United States has broken previous records with 1 million new infections on Monday, according to the John's Hopkins University of Medicine. According to the CDC, the new variant "omicron" represents 95% of all new cases in the U.S. According to Reuters, "The United States set a global record of almost 1 million new coronavirus infections reported on Monday, according to…

The first trading day of 2022 results in strong declines in both gold and silver The first trading day contained strong bullish market sentiment for U.S. equities and dollar strength. The dollar gained 0.632 points or a percentage gain of 0.66%. Concurrently U.S. equities all traded to higher ground, with all three major indices closing near their record highs. The Dow Jones industrial average gained 246.76 points, a percentage gain of 0.68%. The NASDAQ composite gained 1.2% or 187.83 points,…

What does 2022 hold for Gold, Silver and Platinum? Today ends 2021; the year in metals was not pretty. Gold, silver and platinum all closed lower from where they opened the year. None of them could seem to get a consistent trend. Silver had one of its tightest trading ranges in years.  As we look ahead to the new year, we would expect much of the same action. However, they appear to be setting up for a much bigger move…

Gold Investors need to look beyond rate hikes in 2022 – State Street Global Advisors After a disappointing year, gold prices are ringing in 2022 on a solid note, trading at a five-week high. According to one precious metals analyst, gold should be on pace to resume its long-term bullish uptrend in the new year. In a telephone interview with Kitco News, George Milling-Stanley, chief gold strategist at State Street Global Advisors, said that his base case scenario, with a…