David

What's next for gold price after 'game-changing' week? This week was a "game-changer" for gold as prices climbed towards the $1,900 an ounce level while the rest of the markets saw chaotic trading, according to analysts. After a massive selloff in the crypto space, gold's appeal is back on the radar for many investors, including new institutional money, OANDA senior market analyst Edward Moya told Kitco News. "This was one of those weeks that was a game-changer for many traders.…

Bitcoin price loss is gold's gain and that is good for junior explorers too – David Erfle Once again, the gold market has regained its luster as investors moved back into the precious metal and out of volatile cryptocurrencies. With gold price ending the week above $1,850 an ounce, junior explorers should start to see price movements, according to David Erfle, founder of juniorminerjunky.com. This week on Kitco Roundtable, Erfle said that the slow start to the year for the…

Gold and silver are trading higher leading into the European open Both gold and silver are trading higher leading into the European open. The yellow metal is 0.19% up trading at $1873.90/oz while silver has pushed 0.25% higher to trade at $27.78/oz. In the rest of the commodities complex, copper is 0.82% higher and spot WTI is trading just over half a percent in the black. Decent manufacturing numbers so far but the U.K. shines brightest The manufacturing PMI's across…

They’re back, gold bulls return with a mission, to take gold higher They’re back! Beginning at the end of March, when gold bulls witnessed gold prices continue to trade lower, hitting a bottom at $1640 there was an air of pessimism that surrounded them. Although gold began to trade-off of those lows by the end of March, gold retested the lows at that price point creating a double bottom. Considering that the market had been in a deep and defined…

Gold prices today jump again, cross key level – silver rates surge Gold rates today: On MCX, prices were near ₹48,000 per 10 gram Gold rates today: On MCX, prices were near ₹48,000 per 10 gram In global markets, gold rates today hit a 3-month high Weaker US dollar and a dip in Treasury yields boosted gold and silver Gold and silver prices in India moved higher today, in tandem with uptick in global precious metal rates. On MCX, gold…

Silver's on the move, and gold better hang on! Another great week to be long this "Commodities Super-Cycle" as multiple commodities broke out to new contract highs. If you have been reading our daily note called the "Morning Express," you would already know that the rising commodity prices front runs the inflation data making it essential to keep adding incrementally on corrections to commodities. My recommendation would be to focus mainly on energies and industrial metals. The explosive CPI data…