David

Is Bitcoin evolving into a universal, all-use currency? Lyn Alden on reaching 'steady state' growth Bitcoin is fast emerging as a viable form of payment, thanks to improvements in its transaction speeds and reductions in costs from layer 2 payment protocols like Lightning Network, but its utility as a currency makes more sense in some situations than others, said Lyn Alden, founder of Lyn Alden Investment Strategy. El Salvador has recently made Bitcoin legal tender, and in a country where…

Gold and silver trade lower heading into the European session After a promising start to the U.S. session yesterday gold (-0.24%) ended up closing -0.09% lower and that bearishness has continued today. It was a similar story for silver which now trades at $25.77/oz down 0.48% leading into the European session. In the rest of the commodities complex, copper is 0.19% in the black and spot WTI is flat.   Indices in the Asia Pac area followed the downbeat tone…

Gold and silver move higher heading into the European open Although gold closed higher during Tuesday's session it retreated from the high of $1815.05/oz and this morning the yellow metal has once again moved higher in the Asia Pac session to trade just above $1800/oz. Silver ($26.32/oz) has also moved higher but has not pared all the losses from yesterday's session. In the rest of the commodities complex, copper trades 1.47% higher at $4.30/lb and spot WTI is trading flat…

Gold kicks off the week flat leading into the European session After closing 0.39% higher last week gold kicks of the week flat. Overnight the yellow metal gapped lower to trade at $1767.20 but has since recovered to start the European session at $1786.31/oz. Silver is 0.20% higher at $26.50/oz and had no such problems at the open. In the rest of the commodities complex, copper has moved 1.59% higher and spot WTI hangs high at the lofty level of…

After the worst June since 2013, is gold price ready to rebound? After dropping more than 7% in June, gold is trying to rebound. Can the precious metal see $1,800 an ounce breached next week as higher inflation continues to worry industry experts? Here's a look at Kitco's top three stories of the week:   !. Gold saw its worst June since 2013   2. Is recession next? El-Erian is concerned the 'Fed is falling behind' on inflation story  …

Gold price has a chance to break out next week, here's why – analysts Gold could see a significant rally above the $1,800 an ounce level next week after the release of the Federal Reserve's June monetary policy meeting minutes, analysts told Kitco News. One of the biggest events to watch next week will be the Federal Reserve's monetary policy meeting minutes. The meeting, which took place in mid-June, triggered a significant selloff in gold. "Markets are expecting a hawkish…

Gold and silver start the European session mixed Gold and silver are trading mixed this morning. The yellow metal suffered from more losses on Tuesday after hitting a low of $1750.78/oz and this morning the price is around $9 higher. Silver on the other hand trades at $25.81/oz 0.28% higher overnight after also dropping in yesterday's session. In the rest of the commodities complex, copper has moved to $4.25/lb 0.14% higher and spot WTI is trading just under flat at…