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Gold, silver boosted on notions Fed tightening cycle near an end Gold prices are modestly up and hit a three-week high, while silver prices sharply up and hit two-month high in midday U.S. trading Thursday. Another tame U.S. inflation report today has the marketplace thinking the Federal Reserve is likely nearer the end of its interest-rate-hiking cycle. That's bullish for commodity markets, including the metals. August gold was last up $3.30 at $1,965.00 and September silver was up $0.64 at…

Gold firmer; key U.S. inflation report on deck Gold is higher and silver is slightly lower in midday U.S. trading Tuesday. Gold is supported by bullish daily outside market forces that see the U.S. dollar index a bit weaker, crude oil prices higher and U.S. Treasury yields down a bit. Trading action was more subdued today ahead of a major U.S. inflation report out Wednesday morning. August gold was last up $7.20 at $1,938.10 and September silver was down $0.02…

Gold prices can still push to record highs at $2,100 an ounce by the end of the year – MKS' Shiels Gold prices have room to move lower and retest support below $1,900 an ounce in the early part of the second half of the year; however, that doesn't mean investors should give up on gold, according to one market analyst. In her mid-year outlook, published last week, Nicky Shiels, metals strategist at MKS PAMP, said that she is maintaining…

t's a 'tug of war' for gold price next week as attention turns to inflation report ahead of July Fed rate decision – analysts Despite more than a $20 gain Friday, the gold market is yet to prove that its bearish downtrend is over, according to analysts, who are carefully monitoring next week's June inflation report as a potential trigger. The gold market rebounded Friday on weaker-than-expected employment data from June, with the U.S. economy adding 209,000 new positions versus…

The market was expecting delays' – Fastmarkets' William Adams on China's critical metals turnaround China surprised the critical minerals industry by ramping up nickel production from Indonesia in a short period of time, noted William Adams, head of battery research at Fastmarkets. On June 22, 2023, Adams spoke to Kitco at the 15th Lithium Supply and Battery Raw Materials 2023 in Henderson, Nevada. Nickel prices are off nearly 30% year to date. Adams said nickel prices have been declining partly…

Stronger U.S. jobs data pressure gold, silver Gold and silver prices are lower in midday U.S. trading Thursday, following a much stronger-than-expected U.S. ADP employment report this morning that showed a gain in jobs that was double market expectations. The report pushed the U.S. dollar index well off its overnight low and also pushed U.S. Treasury yields higher. August gold was last down $10.50 at $1,916.70 and September silver was down $0.497 at $22.905. The June U.S. ADP report showed…

Gold pauses ahead of FOMC minutes release Gold prices are near steady up and silver solidly higher in midday U.S. trading Wednesday. Short covering from the futures traders was featured, especially in silver, ahead of the afternoon FOMC minutes from the Federal Reserve. August gold was last up $0.10 at $1,929.60 and September silver was up $0.308 at $23.42. Despite a holiday-shortened U.S. trading week, it’s still a busy one for the marketplace. The latest FOMC minutes from the Federal…

Gold prices to remain in neutral territory for the rest of 2023, silver to see slightly higher prices – BMO Capital Markets Gold's brief push above $2,000 an ounce in mid-May could represent the yellow metal's high-water mark for the year as markets continue to adjust to dynamic interest rate expectations and a resilient U.S. economy. In their latest quarterly outlook, analysts at BMO Capital Markets said that they are leaving their year-end average gold price target unchanged at $1,905…