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Gold, silver slightly up as near-term chart postures improving Gold and silver prices are a bit higher near midday Tuesday, with gold notching a five-week high and silver a four-week high in the early going. The two precious metals markets are seeing the bullish traders working on near-term price uptrends for both. Sharp gains in crude oil futures recently are also supporting the precious metals markets. February gold was last up $3.60 at $1,812.40 and March Comex silver was last…

Gold trades both sides of unchanged in quieter session Gold prices are near steady in subdued midday U.S. trading Monday. Gains are being squelched by less risk aversion in the marketplace recently, while sellers of the precious metals are tepid amid rising inflation worries. February gold was last down $1.00 at $1,810.60 and March Comex silver was last up $0.115 at $23.035 an ounce. Global stock markets were mostly weaker overnight in quieter, post-holiday trading. Some markets overseas remained closed…

Seasonally gold price looks strong, but analysts ask if it can hold above $1,800 through the new year? Welcome to Kitco News' 2022 outlook series. The new year will be filled with uncertainty as the Federal Reserve looks to pivot and tighten its monetary policies. At the same time, the inflation threat continues to grow, which means real rates will remain in low to negative territory. Stay tuned to Kitco News to learn from the experts on how to navigate…

The bullish season for gold price begins, can gold tackle $1,850? Gold price is looking to get a boost from a seasonably favorable time that began in mid-December. And analysts are eyeing whether the momentum will be strong enough to take gold above $1,850 an ounce — the next hurdle in the price trend. "From a seasonal perspective, demand for physical gold is a big aid in driving prices higher from mid-December to Valentine's Day. In the next 6-8 weeks,…

Gold surges past $1,800 on dollar weakness and omicron fears Both gold and silver had significant gains resulting from a combination of dollar weakness and continued fears regarding the economic effect of the Covid-19 variant omicron. One simply needs to view both precious metals through the eyes of the KGX (Kitco Gold Index) to see the strong effect that dollar weakness had on the precious metals complex. As of 4:08 PM, EST spot gold is currently fixed at $1804.80, which…

Only gold and Bitcoin will protect against what's to come – Alex Mashinsky's 2022 survival guide 2022 will be a year of heightened volatility from growing fears of the latest Omicron variant, as well as rising inflation, and the chance of monetary tightening from the Federal Reserve, said Alex Mashinsky, CEO of Celsius Network. The key is to look at which economic scenario is most likely to play out and act accordingly. “If there’s a lot of volatility because inflation…

Gold trades under pressure back below $1800 as investors focus on Fed As of 4:10 PM EST gold futures basis, the most active February 2021 Comex contract is currently fixed at $1789.80 after factoring in today’s net decline of $15.10 (-0.84%). Gold opened at $1800.20, traded to a high of $1804.60, and is currently trading $0.90 off the intraday low of $1789. U.S. equities were dragged down today by concerns of the new Covid-19 variant “Omicron.” The Dow lost 433…