Gold trades lower as Fed’s Bullard advocates front-loading rate hikes

Gold trades lower as Fed’s Bullard advocates front-loading rate hikes “Front-loading” is a process of distributing unevenly, with a greater proportion at the beginning of the process, and James Bullard thinks this should apply to rate hikes. In an interview with the Wall Street Journal James Bullard, President of the St. Louis Federal Reserve said that the “Federal Reserve should not stall” on raising its rates. He said that he likes the idea of “front-loading” rate hikes saying that “the…

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Profit taking routine corrective pullbacks for gold silver

Profit taking, routine corrective pullbacks for gold, silver Welcome to Kitco News' 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023. (Kitco News) – Gold and silver prices are weaker in midday U.S. trading Tuesday, after gold scored a nine-month high overnight. Normal downside price…

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Gold’s bull market is just beginning as European fund managers take a bigger stake – HANetf

  Gold's bull market is just beginning as European fund managers take a bigger stake – HANetf The gold market has started 2023 on solid footing and one European-based fund sees strong potential as investors take a renewed interest in the precious metal. In November, analysts at HANetf surveyed 100 European and British wealth fund managers, and according to the results, 89% of respondents said that they intend to increase their exposure to gold in 2023. According to the survey,…

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With gold ending the week above 1900 analysts turn their focus to 2000

With gold ending the week above $1,900, analysts turn their focus to $2,000 Welcome to Kitco News' 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023. The gold market is ending the week at a nine-month high as renewed safe-haven demand pushed prices above $1,920…

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Gold silver kick off 2023 in style

Gold, silver kick off 2023 in style After a well-earned break, we are back in action… and what a time to be covering precious metals! Gold and silver are starting the year off on the front foot, with gold ending the first full trading week of the year at a nine-month high above $1,920 an ounce and silver prices solidly back above $24 an ounce Gold prices are actually up nearly 5% since the start of the year, and while…

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Traders bid stocks gold and Silver higher but is the optimism warranted?

Traders bid stocks, gold, and Silver higher, but is the optimism warranted? Market participants continue to react to the bullish market sentiment created by yesterday's CPI report. Inflation came in at 6.5% year-over-year last month, which is the sixth consecutive month that inflation has diminished since the peak of 9.1% in June. Accoring to the BLS, "The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in December on a seasonally adjusted basis, after increasing 0.1 percent in…

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The Fed’s use of data-dependent decisions can’t be applicable only when it supports their beliefs

The Fed's use of data-dependent decisions can't be applicable only when it supports their beliefs Considering that as recently as June we had the highest level of inflation recorded in the last 40 years today’s CPI report from December was a welcome change as inflation continues to slowly dissipate. Just six months ago overall inflation peaked at an alarming 9.1%. The historical rise in inflation was a long process after coming in at 0.329% in April and 0.118% in May…

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Market participants pause as they wait for tomorrow’s inflation report

Market participants pause as they wait for tomorrow's inflation report It is a given that the potential for inflation to decline in the December report. The assumption that inflation continues to diminish and has for the most part been factored into market pricing. Tomorrow's Consumer Price Index will occur after the strong and hawkish speech by Chairman Powell delivered yesterday at a central bank conference in Sweden. Powell's speech did not contain new insights or flexibility that was not already…

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Nouriel Roubini says gold may be your best protection as the mother of all debt bombs amp nine other megathreats are looming

Nouriel Roubini says gold may be your best protection as the mother of all debt bombs & nine other megathreats are looming   Ten “megathreats” are hurtling towards the world including war, debt crises, and a demographic “time bomb” will make investors flock to gold, hence causing the yellow metal’s price to rise to $3k by 2028, according to Nouriel Roubini, CEO of Roubini Macro Associates and Professor Emeritus at NYU Stern School of Business. “Over the next few years,…

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Gold closes at its highest value this year although traders bid it lower

Gold closes at its highest value this year, although traders bid it lower Gold futures and spot pricing closed moderately higher today. However, traders and investors bid the precious yellow metal lower with dollar weakness accounting for all of today's gains. As of 4:40 PM EST gold futures basis, the most active February contract is currently up $5.80 or 0.32% and fixed at $1875.60. Concurrently, the dollar is trading 0.68% lower on the day with the dollar index currently fixed…

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