kinesis money system

Gold, silver weaker amid surging U.S. Treasury yields Gold and silver prices are moderately down in midday U.S. trading Thursday. The precious metals are feeling the pressure of rising U.S. Treasury yields and an up-trending U.S. dollar index. December gold was last down $6.30 at $1,968.70 and September silver was down $0.237 at $23.635. The surprise downgrade of the U.S. government’s credit rating by Fitch has cast a pall over what was a generally upbeat summertime marketplace. The Fitch downgrade…

Gold's, and gold miners' fake rally was erased – just as expected   What a difference 24h can make, huh? Gold rallied visibly on Monday, only to give it back on Tuesday. Same with miners. What's next? Gold and Miners' Volatile Ride Exactly the same thing that was likely before yesterday's session. One of the things that indicated that decline was silver's outperformance – this indication rarely fails to deliver. It's surprising for those, who are new to the silver…

Gold declines by over $27 as hope diminishes of a rate cut this year Gold spot and futures both declined by over 1% today as traders reacted to dollar strength and stronger yields on U.S. Treasuries. But that explanation lacks the complete backdrop to the multiple reasons why gold is trading under pressure today. Market participants are reacting with extreme caution before the release of Friday's nonfarm payroll jobs report. Current forecasts are predicting that the report will reveal that…

Gold, silver gain on chart-based buying Gold and silver prices are higher in midday U.S. trading Monday. Amid a lack of fresh fundamental news to drive market prices, the precious metals traders are focusing on the improved near-term chart postures in gold and silver and doing some technically based buying. December gold was last up $10.00 at $2,009.80 and September silver was up $0.46 at $24.96. Gold and silver bulls this week may also be focusing on recent upbeat U.S.…

Gold investors will be watching U.S. data like a hawk this week, anticipating a weakening trend Gold market will be hungry for information that will help provide some clarity to the Federal Reserve's open-ended monetary policy stance with disappointing economic data supporting higher prices. While analysts are not expecting a major breakout in gold in the near term, some have said that the bias is to the upside as the Federal Reserve's monetary policy stance is expected to weaken the…

Gold prices push back above $1,950 as U.S. PCE inflation continues to cool rising 0.2% in June Gold prices have pushed back above the critical psychologically important $1,950 level as U.S. inflation drops in line with expectations. Friday, the U.S. Department of Commerce said its core Personal Consumption Expenditures price index increased 0.2% last month, compared to May's increase of 0.3%. The inflation rose in line with economists' expectations. Inflation in the last 12 months rose 4.1%, down sharply from…

Gold, silver slump after strong U.S. data rallies greenback Gold prices are solidly lower and hit a two-week low in midday U.S. trading Thursday. Silver is down sharply, too. Modest overnight gains in both metals were erased after the release of upbeat U.S. economic data this morning that beat market expectations. August gold was last down $27.10 at $1,943.00 and September silver was down $0.645 at $24.325. U.S. economic data Thursday morning fell squarely into the camp of the monetary…

Gold shows little reaction to widely expected 0.25% Fed rate hike Gold prices are moderately higher in afternoon U.S. trading Wednesday and have shown little initial reaction to the U.S. central bank raising its main interest rate by a small amount, which was fully expected by the marketplace. August gold was last up $8.70 at $1,972.40 and September silver was up $0.181 at $25.005. The just-released U.S. data point of the week, if not the month, saw the Federal Reserve's…

Last week gold jumped close to the psychological threshold of $2,000 before slowing down on Thursday and Friday, while the US dollar showed recovery signals. Despite this time, the price of bullion remained above $1,950. Overall, the trend for the gold price still appears positive. Investors are, once again, in a wait-and-see mode. Indeed, we have just entered a week with a very busy macroeconomic agenda that could break the recent low volatility scenario. The focus will be on central…

Gold, silver weaker as USDX continues its rebound Gold and silver prices are moderately lower in midday U.S. trading Monday, pressured by the U.S. dollar index continuing its recovery after hitting a 15-month low last week. Focus of the marketplace is on a key central bank decision at mid-week. August gold was last down $4.50 at $1,962.00 and September silver was down $0.245 at $24.61. The U.S. data point of the week is the Federal Reserve's Open Market Committee (FOMC)…