kinesis money system

Gold and silver move higher ahead of the European open Gold and silver have moved higher leading into the European session despite more bearishness on Thursday. Gold is now trading at $1785/oz while silver has moved to $26.17/oz. One of the big stories from yesterday's session was the drop in palladium. The precious metal moved 11.26% lower. In the rest of the commodities complex, copper trades 0.35% higher and spot WTI has moved -0.31% in the red. The risk sentiment…

Gold and silver trader higher leading in to the European session despite suffering heavy losses post FOMC Gold is trading 0.41% higher after losing ground following the FOMC event last night. Silver is also positive and has moved 0.46% higher and trades above the $27/oz psychological level. In the rest of the commodities markets, copper is 1% higher while spot WTI trades 0.36% in the black. After inheriting a negative handover from Wall Street, bourses in the Asia Pac area…

Inflation is a double-edged sword for gold Beginning tomorrow, the Federal Reserve will begin its FOMC meeting for June, which will conclude on Wednesday. Following the conclusion, the Federal Reserve will release a statement, which a press conference will follow by Chairman Jerome Powell. One of the most important topics that market participants will focus upon is the forward action of the Federal Reserve as to whether or not they will begin to taper their massive asset purchases, which have…

Gold price stuck at a 'speed bump' on its path to $2,000 – analysts Gold failed to hold the $1,900 an ounce level as it wrapped up the week. And prices are said to remain choppy until the $1,950 an ounce level is reached, where the new buyers would come in to take gold to $2,000, according to analysts. The gold space fell victim to profit-taking Friday as the U.S. dollar and the U.S. Treasury yields climbed higher. "The U.S.…

Gold's path to $2K: Biggest market risk is 'invisible wealth destruction' Gold's $1,900 an ounce level remains a high hurdle to breach, but analysts still expect more gains for the yellow metal this summer. With U.S. inflation now running at an annual pace of 5%, the attention is turning to the Federal Reserve meeting next week. The key question is whether the Fed will continue to ignore rising prices or start hinting at tapering.   Here's a look at Kitco's…

Gold Price Prediction – Prices Drop to Support as the Dollar Surges Gold prices dropped sharply on Friday as the dollar surged higher. The move in the dollar came despite a further decline in U.S. yields. The 10-year Treasury yield closed at the lowest level in 4-months declining down to 1.45%, after hitting a high of 1.67% early in May. The net worth of U.S. households climbed to new heights as 2021.Technical analysis Gold prices rebounded from session lows and…

Gold and silver are trading flat leading into the European open Gold and silver are trading flat leading into the European open. The yellow metal trades at $1887/oz while silver hovers around $27.70/oz. In the rest of the commodities complex, copper (-0.30%) and WTI (-0.30%) are both lower while palladium (0.30%) is the only precious metal to trade higher. The indices in the Asia Pac area bucked the negative handover from Wall Street. The Nikkei (0.34%), ASX (0.44%) and Shanghai…

Gold is hovering at $1890/oz leading into the European open Gold is trading flat heading into the European session. The yellow metal is hovering at around $1890/oz and silver has moved -0.12% lower to trade at $27.57/oz. Copper has once again had a tough session falling -0.62% while spot WTI trades 0.43% in the black past $70/bbl. Indices were mixed overnight as the Shanghai Composite traded 0.16% higher and the Nikkei 225 (-0.35%) and ASX (-0.31%) both lost ground. European…

Gold flirts with $1900/oz ahead of the European open Gold is flat this morning heading into the European open while live is trading marginally lower. After yesterday's 0.47% rise the yellow metal is now flirting with $1900/oz again this morning while silver is yet to break $28/oz. In the rest of the commodities markets copper (-0.45%) and spot WTI (-0.69%) both trade in the red. After a mixed close in the U.S., it was much of the same in the…

Gold slips on firm dollar as focus shifts to U.S. inflation data * Medium to longer term outlook for gold positive- analysts (Recasts, adds comments, updates prices) June 7 (Reuters) – Gold retreated on Monday as the U.S. dollar firmed slightly, with investors' focus switching to U.S. inflation readings later this week that might give some clue to how long the Federal Reserve will hold off from tapering monetary support. The dollar index strengthened 0.1%, making gold more expensive for…